World's Largest Pension Fund Explores Bitcoin as Diversification Tool Amid Economic Changes
Summary:
Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, is considering Bitcoin as a potential diversification tool. This comes as part of a new five-year research plan that aims to explore innovative investment methods focusing on sustainability and risk management in response to major societal and economic changes, and rapid technological progress. Cryptocurrencies, precious metals, and other illiquid assets that the GPIF does not currently hold are under consideration.
The Government Pension Investment Fund (GPIF) of Japan, renowned as the world's largest pension fund, is considering Bitcoin (BTC) as a possible way to diversify their portfolio. The GPIF publicly confirmed the plans on March 19, stating that it was in response to the significant changes in the economy and society as well as rapid technological advancements. To address these new hurdles, the GPIF is initiating a five-year research plan focused on identifying unique ways to diversify investments with a focus on sustainability and risk management. In line with this plan, the fund will be seeking varied data, especially information regarding "illiquid assets" - assets that it doesn't presently possess. Cryptocurrencies like Bitcoin, precious metals like gold, and other related assets are part of these assets, according to the announcement. More details are expected to emerge on this unfolding story.
Published At
3/19/2024 10:29:01 AM
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