UK Pension Firm Sees Growing Interest in Bitcoin Exposure
A financial firm reported increasing interest from clients regarding Bitcoin investments, following a UK pension fund's successful 3% allocation that yielded a 60% return in under a year. Cartwright Pension Trusts launched its first "Annual Bitcoin Review" to promote awareness in the institutional community. Discussions are ongoing with other clients about Bitcoin allocations, emphasizing the need for informed, long-term investment strategies. Despite some skepticism about Bitcoin's volatility within the British pensions industry, the firm advocates for understanding its potential impact on portfolios. Corporations and charities are also exploring Bitcoin for transactions and donations. However, Bitcoin may not suit short-term investment horizons, yet many defined benefit schemes and charities should consider it seriously.
