New Zealand retirement fund reportedly allocates 5% to Bitcoin By Cointelegraph

Time magazine seeks CFO comfortable with Bitcoin and crypto By Cointelegraph
New Zealand retirement fund reportedly allocates 5% to Bitcoin

KiwiSaver Growth Strategy, a $350 million retirement plan operated by New Zealand Wealth Funds Management, has reportedly allocated 5% of its assets to (BTC), underscoring the steady stream of institutional investors entering the digital asset space.

Bitcoin’s striking similarities to gold were cited as one of the biggest reasons for entering the trade, according to James Grigor, the chief investment officer at New Zealand Funds Management.