Summary
TLDR: Japan’s Government Pension Investment Fund is considering investing in illiquid assets like bitcoin, with a deadline for information submission set for April 2024. Other pension funds, like South Korea’s National Pension Service and the Houston Firefighters’ Relief and Retirement Fund, have already made cryptocurrency investments. A CFA Institute survey found that many state government and pension plan sponsors have invested in cryptocurrencies, and Arizona is considering allocating portions of portfolios to bitcoin ETFs. Bitcoin’s price is currently at $63,000.
Key Points
1. The Government Pension Investment Fund (GPIF) of Japan is considering investing in illiquidity assets, including bitcoin.
2. The deadline for information submission regarding the potential investments is April 19, 2024, at 3 am ET (5 pm JST).
3. Various pension funds, including South Korea’s National Pension Service and the Houston Firefighters’ Relief and Retirement Fund, have already made investments in cryptocurrencies like bitcoin and ether.