Bitcoin News

Pension Funds Getting Set to Board Bitcoin Bandwagon, Say Insiders

The American digital asset investment giant Grayscale has suggested that pensions and endowments providers are clambering aboard the crypto gravy train – an opinion shared by an increasing number of financial industry specialists.

The firm’s new CEO Michael Sonnenshein said, per Bloomberg,

“One can see the potential demand that could arise over the coming years as other insurance companies and pension funds follow MassMutual’s example.”

And there is no shortage of support for these claims.

The CEO of the crypto investment fund Three Arrows Capital Su Zhu, opined enthusiastically in November 2020 that “if pensions begin divesting from the zero/negative-yielding global sovereign bond market to buy BTC, that would be a veritable deluge of capital.”

A more conservative opinion was expressed by Frank Spiteri, Chief Revenue Officer at CoinShares, however, who stated in October that pensions operators were still playing it safe.

Spiteri wrote,

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