New Zealand $350 Million Retirement Fund Invests 3% to Bitcoin

New Zealand Wealth Funds Management, invests 5% of its assets to Bitcoin under its KiwiSaver Growth Strategy, a $350 million retirement fund.

Grigor, the chief investment officer at New Zealand Funds management said that the Bitcoin’s similarities to Gold is one of the reasons for the investment move.

Gregor also shred that the investment firm have made 6 times the funds they invested into Bitcoin, when bitcoin was at $10,000.

Author: FogknErsdB

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