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❕NEWS New Zealand wealth management invest 5% of it Assets in Bitcoin

De-rector

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The New Zealand wealth management funds also known as Kiwisaver is a retirement growth fund, the company is worth $350 million and has invested 5% of it wealth in bitcoin.

The Investment officer, James Grigor said the company sees bitcoin as a digital asset with properties like gold and the company will be unvailing more activities in relation to bitcoin for the next five years.
 

Niftyicon

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This is good. Bitcoin is a worthy digital asset for investments and guaranteed profits when compared with most digital assets available now.
 

achawaskey

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The diversification is good for the company having your asset spread according to the available opportunities. The volatility of bitcoin can not stop you from making profit.
 

Binita100

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Its better they do so , bitcoin is the future the 5% they invest in bitcoin could turn to 50% in many years to come , so its a good investment to me actually
 

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Good investment for them because they actually have their target and they are keen on acheiving a lot of things , so investing in bitcoin would be surely be a successful for them
 

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That's a good move they have taken. Very soon rest of the world would follow their footsteps.

If I have not mistaken there are two other countries who have already invested their assets in bitcoins.
 

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That's a good move they have taken. Very soon rest of the world would follow their footsteps.

If I have not mistaken there are two other countries who have already invested their assets in bitcoins.
Yeah if i could recall they are many because even America have an asset in bitcoin , and the use of bitcoin have been spreading and its doing well greatly
 

highspeed

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After Elon Musk's Tesla, this is the second company I hear is making its investments in Bitcoin.
This makes me think, perhaps also given the results achieved by this crypto in recent months, that several big in the economy now truly believing this potential.
 

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And some stupid politicians of different countries are trying to ban it. Have those countries purchased some bitcoins, that would be totally different. Everyone is getting with crypto and bitcoin.
 

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And some stupid politicians of different countries are trying to ban it. Have those countries purchased some bitcoins, that would be totally different. Everyone is getting with crypto and bitcoin.
I believe this is the case in Morocco, (one of these countries), where Bitcoin has been banned since 2017.
Despite this, aware of their risks, Moroccan citizens continued to use Bitcoin for daily transactions.
It turns out to you that it is so?
 

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I believe this is the case in Morocco, (one of these countries), where Bitcoin has been banned since 2017.
Despite this, aware of their risks, Moroccan citizens continued to use Bitcoin for daily transactions.
It turns out to you that it is so?
I know, government cannot ban a thing that dosent exists, something that is just methamatical code.
But still many politician, who missed having BTC wants to ban it out of jealousy.
 

highspeed

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I know, government cannot ban a thing that dosent exists, something that is just methamatical code.
But still many politician, who missed having BTC wants to ban it out of jealousy.
Well, about this, I honestly don't know exactly.
But nevertheless I believe, there are many African developing countries. Perhaps they would like to focus on something palpable, to which they themselves can give a value.
 
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