Interest in cryptocurrencies in Australia continues to increase day by day. Finally, a pension fund announced that they are planning to invest in cryptocurrencies.
According to the news of Business Insider, Rest Super pension fund, which has 1.8 million members, has taken a step that will trigger the investment of institutional investors in cryptocurrencies in the country as the first pension fund to show interest in crypto in Australia.
Speaking at a recent meeting of the Rest Super fund, Andrew Lill, chief investment officer of the fund, said that they plan to invest in crypto with a small portion of the funds they have due to the volatility in the crypto market.
“It’s still a very volatile market, so a small investment in cryptocurrencies can be part of our diversified portfolio.
We see cryptocurrency investment as a very interesting and important part of our portfolio for the future.”
Fund managers said that they do not consider long-term investments, and that they consider it sufficient to make medium-term investments for a fund of approximately 66 billion dollars for now.
Investment manager Lill, after expressing that they think it is a good idea to invest in cryptocurrencies due to the inflation in the markets, stated that they are currently in the research phase and will definitely decide to invest later.
*Not Investment Advice.