The Norwegian Wealth Fund, the world’s largest wealth fund with $1.4 trillion, is not interested in cryptocurrencies like bitcoin (BTC).
Trond Grande, co-CEO of Norway Wealth Fund, as fund manager in an interview with Bloomberg on Thursday. a long-term strategy explained that they are monitoring and that they do not conduct any research on bitcoin.
“Experimental action is not in our DNA. We are a very large long-term fund and we do everything we do with caution. We’re not jumping on the latest crazy train, whatever it is.”
Established in 1990, the Norwegian Wealth Fund invests the income from the country’s oil and natural gas production in foreign stocks and bonds.
The Norwegian Wealth Fund, which entered the real estate market about ten years ago, “diversify” and “protection against inflation” It also started investing in renewable energy infrastructure at the beginning of this year to ensure
Explaining that they are not interested in cryptocurrencies, Grande said, “The amount of capital we can use too much We only examine large entity types because We need liquidity and stability.” said.
The Norwegian Wealth Fund posted a return of 0.1% in the third quarter, corresponding to $3.7 billion.