Financial Times, Thursday 16 Jan 2025 - "Pension Funds Dabble In Crypto After Massive Bitcoin Rally"
"Pension funds are dipping their toes into buying bitcoin, in a sign that even typically staid corners of finance are finding it hard to ignore the potential outsized returns from cryptocurrencies.
"Pension schemes for the states of Wisconsin and Michigan are among the top holders of US stock market funds devoted to crypto, while some pension fund managers in the UK and Australia have also made small allocations in recent months to bitcoin using funds or derivatives.
"Advisers say the surge in bitcoin last year, which more than doubled to touch $100,000, has spurred the interest of conservative trustees.
"Crypto analysts predict it could double again this year with the arrival of a pro-crypto Trump administration. The president-elect has vowed to make the US “the bitcoin superpower of the world” and end a regulatory crackdown on the sector.
"Matt Scott, a consultant at Mercer, which advises UK pension funds, said: “Since election day we have been getting a flood of queries in — trustees don’t like to think that there’s a hot asset class out there that they don’t know anything about.”"
