One of Australia’s largest pension funds does not find the idea of investing in cryptocurrencies impossible in the future, the Financial Times reported on Friday.
Stuart Simmons, director of currency at Queensland Investment Corporation, said that whether large institutional investors will enter the cryptocurrency market because of legal question marks. remains unclear however, he explained that this may change over time.
Queensland Investment Corporation, Australia’s fifth largest pension fund, founded in 1991 by Queensland management, manages assets worth $69 billion.
in the cryptocurrency market regulatory uncertainties, fraud and to manipulations Referring to the name, such risks create an obstacle for institutional investors, he said.
Simmons, who does not ignore the possibility of Queensland Investment Corporation to invest in cryptocurrencies in the future, “as it evolves”stated that the number of institutional investors in the market may increase.
“I think huge funds and the institutional market will invest in the crypto market. I don’t assume it’s inevitable But as (conditions) evolve, it’s possible that big funds will want to get involved.”