Once Bitten! A Bitcoin Podcast.
UK Pension Fund Buys Bitcoin. Sam Roberts. #520
Jan 22, 2025
Sam Roberts, a consultant from Cartwright Pension Trusts, shares his insights on advising a UK pension fund in their Bitcoin investment journey. He explains how they approached him and the educational process he undertook with them. The discussion highlights the challenges of institutional Bitcoin custody and the potential for future investments. Sam also addresses regulatory hurdles, misconceptions in traditional finance, and the role of self-custody in ensuring safety. His journey from skepticism to advocacy offers a fresh perspective on the evolving landscape of pension funds and cryptocurrency.
01:48:30
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Quick takeaways
- The UK pension fund's decision to invest 3% of its assets in Bitcoin marks a pivotal shift towards diversification in traditional finance.
- Critics argue that investing in Bitcoin may jeopardize long-term stability; however, advocates view it as a potential solution for addressing fund shortfalls.
Deep dives
Bitcoin’s Impact on Pension Funds
A significant development in the cryptocurrency landscape is the allocation of 3% of an unnamed UK pension fund's assets to Bitcoin, marking a first for such institutions. This strategic move aims to introduce diversification into pension fund investments while tapping into the unique risk-return profile that Bitcoin offers. The decision reflects a growing recognition within the financial sector of Bitcoin's potential as a long-term store of value. Such allocations suggest that pension funds may be shifting their investment paradigms to adapt to evolving economic circumstances.
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