It sounds like opportunities are arising.
Hard to believe: VA police pension, has 7% in crypto-related assets
- Thread starter Q.E.D.
- Start date
You know these pension funds just have to do 60/40 with companies that are industry leaders, like Amazon, Facebook-Meta, Nvidia and Netflix
Oh wait, that did not work so well in this Fed-induced crash of the economy, did it?
But the very best pension funds are the ones in the center of European finance, the UK pension funds. After all, what could possibly go wrong if they invested in risk-free treasury GILTs?
Oh wait, didn't they become insolvent and begged and got a bailout?
Dang, it's rough out there, but investing 7% in Bitcoin is risky? I think maybe some people need a calculator
Losing 80% of that investment has a negligible effect, which is why a small allocation is ok but when Bitcoin goes up 500% that allocation will have a significant effect
Bicoin only for Pension Funds
Oh wait, that did not work so well in this Fed-induced crash of the economy, did it?
But the very best pension funds are the ones in the center of European finance, the UK pension funds. After all, what could possibly go wrong if they invested in risk-free treasury GILTs?
Oh wait, didn't they become insolvent and begged and got a bailout?
Dang, it's rough out there, but investing 7% in Bitcoin is risky? I think maybe some people need a calculator
Losing 80% of that investment has a negligible effect, which is why a small allocation is ok but when Bitcoin goes up 500% that allocation will have a significant effect
Bicoin only for Pension Funds
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Anything that has been subject to the price movement that crypto has can fairly be described as super speculative.
The only part of that phrase that could really be challenged is "instrument" given that owning crypto gives no rights to anything from anyone else.
If you read the article it just makes it worse. Apparently they are involved in the crypto loaning business. So you can take the already high volatility of crypto and add on top the risk of default.
Oh, look! Another mindless post.
While you're here, since you've been preening yourself on how well you did trading BTC and how you're now financially independent because of it, why not show us some evidence? You know, in the same way you asked another poster in another thread to prove his own claim?
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LOL\ not to long ago WFC got caught again cheatin' customers including a police pension plan.
WFC has been caught cheating + fined so much, no wonder Buffet finally sold them\payday\someday.
$145 million fine...................................................................................................[Forbes source]
I saw an old WSJ chart of USa states pensions\ usual suspects super\ underperforming\ ILL........
This kind of thinking is why crypto is doomed.
OMG some people boughts stocks and lost money so everyone should put it all in Bitcoin! /sarc
Serious people would have told you buying FANG stocks skews heavily towards risk.
Seirous people would also be looking at Bitcoin's weaknesses and build a stronger, better featured and less volatile product.
Alas, crypto is all FOMO get rich quick nonsense.
If this kind of thinking made any sense, pension funds would be putting everything down on lottery tickets.
The likelihood of an event occurring is kind of important.
Can you imagine this guy walking into a casino.. "OMG I could make so much money, put it all on 5!"
Hey Mr Foreskin, I've shown many proofs, you can search my posts, don't be lazy
I have posted 20 BTC's when each btc is worth over $50k, do the math, oh shit, you're fucking dumb, nvm
They need a 7% stake in cryptos to be significant invested, so when they got hacked and the money is stolen from criminals, they have then enough work to hunt them for the rest of their lifes.
Well to be more precise, it's "investment in investments in super ponzi instruments". They invested in venture capital and ETF's that invest in crypto exchanges and companies that extend loans to those crypto exchanges" e.g. BlockFi (hopefully not) or Genesis (hopefully not next).
Reminds me of synthetic CDO's of CDO's of MBS... Sounds familiar??