🌐British pension fund company plans to include Bitcoin in pension fund plans! 🚀
Cartwright, a large British pension company, recently announced that 3% of its portfolio assets will be invested directly in Bitcoin, rather than indirectly through Bitcoin ETFs.
Bitcoin advocate Daniel Batten pointed out that this ratio is 30 times the investment in Bitcoin by the Wisconsin Pension Fund in the United States, and it also set a record for Bitcoin investment in global sovereign funds.
Glenn Cameron, head of digital assets at Cartwright, said that they made this decision after in-depth discussions with the trustees of the pension fund on environmental, social and governance (ESG) issues, investment cases and security.
At the same time, this investment strategy will adopt the method of direct custody of Bitcoin, and the private key will be divided into five parts and kept by different institutions to ensure a high level of security.
Sam Roberts, director of investment consulting at Cartwright, said that this Bitcoin configuration not only provides diversification, but also takes advantage of assets with unique risk-return characteristics. They also hope that this can be a new starting point for British institutional investors.
In addition, Steve Robinson, Cartwright's implementation director, added that the company provides conservative investors with a new way to participate in Bitcoin investment and manage risks through a quick stop-profit custody solution.
On the other side, the United States is not idle either. As early as October, Florida's Chief Financial Officer Jimmy Patronis called for and worked to promote the inclusion of Bitcoin in state retirement funds. This also shows that Bitcoin as an investment option for pensions is gradually becoming a growing trend in countries such as the United Kingdom and the United States.
In short, Bitcoin is not only a game for young people, but even government pensions in various countries are considering entering the market one after another. Does this mean that the mainstreaming of cryptocurrency has taken another big step? Let's wait and see!
