UK Pension Fund Makes Historic Move, Allocates 3% of Portfolio to Bitcoin

Quick Summary:

Cartwright, the pension advisory firm behind this one-of-a-kind move, announced on Monday that it had advised the fund to make this strategic investment.

This step might even spark a broader trend across the industry, signaling a gradual yet impactful change in the UK’s approach to retirement investments.

Moreover, as a percentage, this is 30x higher than the Wisconsin Pension Fund’s allocation, and the largest allocation of any Sovereign Fund in the world.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: Bitcoin News Crypto Regulations

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 05:34:59 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 364 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23423242

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