NZ financial firm Kōura Wealth invests $5M KiwiSaver funds into Bitcoin, now worth $7.5M.
Kōura Wealth, a NZ financial firm, invested $5 million of KiwiSaver funds into Bitcoin, now valued at $7.5m. KiwiSaver's long-term investment horizon aligns with Bitcoin's cyclical nature, potentially capitalizing on price cycles, and diversifying portfolios due to low correlation with traditional assets. However, volatility and risks are involved, and investors should consider a long-term strategic view.
July 04, 2024
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