A UK pension fund invests $59 million in Bitcoin, marking the first such investment in Britain.

A UK pension scheme has made history by allocating 3% of its funds, about $59 million, to Bitcoin, marking the first such investment by a British pension fund. Advised by Cartwright, the scheme aims to diversify its portfolio and leverage Bitcoin's potential for high returns while managing risks. This move may inspire other UK pension funds to consider cryptocurrencies, reflecting a growing trend among institutional investors.

November 04, 2024
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