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British Pension Fund Joins Bitcoin Rush, Invests 3% Of Its Total Assets In BTC

  • A UK-based pension fund has invested 3% of its total assets in Bitcoin, becoming the first in the country to do so.
  • The pension advisory firm Cartwright guided the unnamed fund in making the investment, with the private key divided between five institutions.
  • The investment was driven by Bitcoin's long-term returns and its suitability for the pension fund's 10-year investment horizon.
  • Cartwright expects institutional adoption of Bitcoin to follow a similar trajectory as pension schemes investing in equities in the 1970s.

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