UK Pension Fund Pioneers Bitcoin Investment with 3% Allocation

This marks the first time a British pension scheme has directly invested in cryptocurrency, signaling a potential shift in institutional investment strategies.

• The unnamed UK pension fund's decision to invest 3% of its assets in Bitcoin is unprecedented in the country.
• Cartwright, the consultancy firm advising the pension fund, views Bitcoin as a strategic diversification tool with high potential returns.
• The investment decision was made after extensive discussions on the environmental, social, and governance (ESG) impacts and security considerations.
• Bitcoin's current price of over $68,000 marks a significant increase, influencing the timing of the investment.
• Cartwright anticipates this move could inspire other UK institutional investors to explore similar cryptocurrency allocations.

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