Japan's Pension Fund is Considering Investing in Bitcoin
The Pension Fund of Japan is looking for new areas for investment. The organization strives to diversify its portfolio through low-liquid assets.
The State Pension Fund of Japan (GPIF) has been studying information on low-liquid assets as part of a portfolio diversification strategy.
On March 19, 2024, GPIF announced that it intends to collect additional information about bitcoin, gold and agricultural land. According to the foundation, the initiative is part of a five-year study of investments in response to economic and social changes, as well as the rapid growth of technology.
According to the document, GPIF is looking for basic information about assets, including academic research, analytical tools and indexes, examples of investments and options for inclusion in the portfolio of pension funds.
It should be noted that the document does not deal with direct investments in digital assets. The initiative is at the stage of collecting data before discussing and assessing risks.
It is reported that GPIF invests in government securities, foreign bonds and stocks, real estate and infrastructure.
Pension funds such as Houston Firefighters and the National Pension Service of South Korea invest in bitcoin and other digital assets.
According to Bloomberg, GPIF is the world's largest pension fund. The organization has assets of $1.4 trillion under management. Anthony Pompliano, founder of Morgan Creek Digital, has repeatedly called cryptocurrency one of the best investments for pension funds.
Source: https://incrypted.com/pensionnyj-fond-yaponii-rassmatrivaet-vozmozhnost-investicij-v-bitkoin/
