According to a recent report by the WSJ, Pension Funds Across North America, those investing in cryptocurrencies have suffered significant losses due to the market downturn. However, some still focus on crypto investments.
According to the Wall Street Journal, pension funds in North America are still optimistic about cryptocurrencies despite losses from the bear market.
According to WSJ, asset management company VanEck reflects that desire. Pension fund managers are debating whether to increase their crypto investments or sell out due to the weak market conditions in 2022.
One pension fund for Houston firemen invested $25 million in bitcoin and ether in October, but the value of those investments fell by more than half as a result of the bear market. However, the $5 billion Houston fund’s management team was aware of the nature of their transaction. Ajit Singh, the investment manager for the Houston Firefighters’ Relief and Retirement Fund, told WSJ that “volatility and large swings are expected.”
Other pension funds see the downturn as a chance to increase their investment. During the crypto winter, when fewer individuals are willing to invest in cryptocurrency, yields are more alluring, according to the investment chief of a Virginia-based pension fund, who spoke to WSJ. 4.5% of the assets in this Fairfax police pension fund, which benefits 30,000 people, are held in cryptocurrencies and total $6.6 billion.
But not all pension plans can handle the volatility of cryptocurrencies. Due to the high level of risk, a $300 billion California teacher fund does not accept cryptocurrency payments.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
CoinCu News
Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…
George Town, Grand Cayman, 22nd November 2024, Chainwire
Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…
Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…
Discover the success story of a New York tech entrepreneur who made $72M from a…
This website uses cookies.