Houston-based pension funds are planning to increase their investments in Bitcoin (BTC) and Ethereum (ETH), despite the losses experienced in the past period.
Recently Wall Street Journal According to an article published by North AmericaDespite the declines, the pension funds of the pension funds continue their investments in cryptocurrencies. to double plans. For Houston-based firefighters pension fund manager VanEck company focused on Bitcoin and Ethereum in October 2021. $25 million investment had done. This investment, made during the past fall season, is almost 50% rate of loss.
Despite these losses, the Houston Firefighters’ Relief and Pension Fund investment chief Ajit Singhthey understand the logic of the crypto market and this high price volatility that they can turn to their advantage explained. Stating that they see the bear market we are in as an opportunity to invest, Singh said that many of his clients have invested in their pension funds in this process. Include 2x more cryptocurrencies announced their plans.
Although VanEck pension funds continue to invest voraciously in cryptocurrencies, this is true across the US. It is not yet seen as a very common investment choice.. In particular, the California teachers’ pension fund, one of the largest pension fund managers, 300 billion dollars It is known that they do not plan to transfer their capital to cryptocurrencies that pose high risk and experience deep price activity in the near future.