tl;dr
The world's largest state pension fund, Japan's Government Pension Investment Fund (GPIF), is exploring the use of bitcoin for portfolio diversification in response to societal, economic, and technological changes. With $1.4 trillion in assets under management, the fund is seeking information on pot...
The world's largest state pension fund, Japan's Government Pension Investment Fund (GPIF), is exploring the use of bitcoin for portfolio diversification in response to societal, economic, and technological changes. With $1.4 trillion in assets under management, the fund is seeking information on potential investment diversification tools such as bitcoin and precious metals like gold. However, the plan does not guarantee a direct investment in bitcoin once the evaluation is completed. This announcement follows a recent bill signed by the Japanese cabinet allowing venture capital firms and investment funds to hold crypto assets, although it has yet to be passed by parliament.
Japan's state pension fund, the world's largest, is seeking information on bitcoin (BTC) as it considers options for portfolio diversification in response to changes in society, the economy and technology. The Government Pension Investment Fund (GPIF), which has $1.4 trillion in assets under management, requested data on potential investment diversification tools such as bitcoin and precious metals like gold, which the company considers illiquid and does not currently hold. For the time being, GPIF invests in domestic bonds, domestic stocks, foreign bonds, foreign stocks, private equity, real estate, and infrastructure. While the pension fund is seeking information about bitcoin, there's no guarantee it will choose to invest in the world's largest cryptocurrency once the evaluation is completed. This announcement follows a recent bill signed by the Japanese cabinet allowing venture capital firms and investment funds to hold crypto assets, although it has yet to be passed by parliament.
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