2024

Bitcoin

Pack

<h4><strong>A company called <a href="https://cartwrightbenefits.co.uk/" target="_blank" rel="noopener noreferrer nofollow">Cartwright</a>, which specializes in helping pension plans make smart financial choices, helped make this big decision. </strong></h4>
<p>In October, an unnamed pension fund chose to put 3% of its money into Bitcoin. This move is seen as “ground-breaking”. It could set a trend for other pension funds in the UK and beyond.</p>
<h5><strong>Why Bitcoin for a Pension?</strong></h5>
<p>Usually, pension funds invest in things like stocks, bonds, and property. But this fund is thinking outside the box by adding Bitcoin to the mix. According to <a href="https://www.financialreporter.co.uk/first-uk-pension-scheme-invests-in-bitcoin.html" target="_blank" rel="noopener noreferrer nofollow">Sam Roberts</a>, the director of investment consulting at Cartwright, Bitcoin is a “forward-thinking” choice by the pension’s trustees. Roberts explained that while Bitcoin can be risky, it also has great potential for big returns.</p>
<p>He said Cartwright’s approach “limits the downside” while letting the pension benefit from the possible upside of Bitcoin’s growth. In other words, they’re making sure they don’t “put all their eggs in one basket,” while still taking advantage of Bitcoin’s unique strengths.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Even better, the UK Pension Fund who just did a 3% AUM allocation to Bitcoin appears to have opted for self-custody, not ETF exposure<a href="https://twitter.com/OnrampBitcoin?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@OnrampBitcoin</a>‘s work seems to have been part of what helped Cartwright onboard the first UK Pension fund without having to go through an ETF <a href="https://t.co/EdLaoyJAqn" rel="noopener noreferrer nofollow">https://t.co/EdLaoyJAqn</a></p>
 <p>— Daniel Batten (@DSBatten) <a href="https://twitter.com/DSBatten/status/1853574833822421049?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 4, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>One reason this fund can handle the ups and downs of Bitcoin is because they’re in it for the long haul. Pension funds are designed to grow money over a long period, so they can afford to take a few risks. This pension fund’s trustees have a “relatively long investment time horizon,” meaning they don’t need the money right away and can wait for their Bitcoin investment to pay off over time.</p>
<h5><strong>Leading the Pack</strong></h5>
<p><a href="https://cartwrightbenefits.co.uk/news_press_november_2024.html" target="_blank" rel="noopener noreferrer nofollow">Sam Roberts</a> hopes that this decision will “turn heads” and encourage other institutional investors, like pension funds, to follow their lead. He pointed out that many big investors worldwide are already investing in <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> and other cryptocurrencies. By joining the trend, this UK pension fund is making sure it’s not left behind.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">The pensions are here. Samuel Roberts &amp; Glenn Cameron, pension investment specialists at Cartwright, discuss how their learnings during the GFC in ‘08 eventually led them to appreciate bitcoin, as they recognized the inherent flaws of the incumbent system.</p>
 <p>Full episode of The… <a href="https://t.co/4xYuSC05jl" rel="noopener noreferrer nofollow">pic.twitter.com/4xYuSC05jl</a></p>
 <p>— Michael Tanguma (@MTanguma) <a href="https://twitter.com/MTanguma/status/1757090361208451414?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 12, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>This new Bitcoin investment shows that the trustees of this pension fund are not afraid to take a leap of faith. They’re putting trust in the idea that Bitcoin’s value will keep growing, and they want to be part of that growth. Just as “the early bird gets the worm,” this UK pension fund is getting in early, hoping that Bitcoin’s value will go up over time.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/cartwright-advises-59m-in-bitcoin-for-uk-pension/" rel="noopener noreferrer nofollow">Cartwright Advises £59M in Bitcoin for UK Pension</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Cartwright Advises £59M in Bitcoin for UK Pension

Altcoin Buzz

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