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[aryan4]

It turned out that CalPERS, the largest public pension fund in the USA, increased the number of shares in the Bitcoin mining company Riot Blockchain (RIOT) by 7 times in the last quarter of 2020.
As reported by CoinDesk, according to official documents announced on Tuesday; The number of RIOT shares held by CalPERS as of the third quarter of 2020 was 16907 and the value of the shares was 49 thousand dollars in total. After the last purchase, the number of shares was 113 thousand 34 and the total value exceeded 1.9 million dollars.
What do you think about this relevance of pension funds?

 

[aryan4]

I think pension funds have started to be interested in bitcoin somehow. I think one of the good news for the future of the markets... I hope this interest continues to increase.

 

[fastmoney1]

I think pension funds have started to be interested in bitcoin somehow. I think one of the good news for the future of the markets... I hope this interest continues to increase.

From my point of view, very good decision of the pension fund to venture into the world of cryptocurrencies, especially in bitcoin. Hopefully other organizations are also interested in this market that is paying good dividends.

 

[Josemendez]

It turned out that CalPERS, the largest public pension fund in the USA, increased the number of shares in the Bitcoin mining company Riot Blockchain (RIOT) by 7 times in the last quarter of 2020.
As reported by CoinDesk, according to official documents announced on Tuesday; The number of RIOT shares held by CalPERS as of the third quarter of 2020 was 16907 and the value of the shares was 49 thousand dollars in total. After the last purchase, the number of shares was 113 thousand 34 and the total value exceeded 1.9 million dollars.
What do you think about this relevance of pension funds?

This is an indication that Bitcoin mining has been very profitable to them ,and thus they had to increase their mining activities in order to make more profit

 

[fastmoney1]

This is an indication that Bitcoin mining has been very profitable to them ,and thus they had to increase their mining activities in order to make more profit

This is the case both the pension investment fund and other companies have preferred to engage in mining because they give very good benefits in very short periods of time.

 

[Josemendez]

This is the case both the pension investment fund and other companies have preferred to engage in mining because they give very good benefits in very short periods of time.

Yeah , but the pension fund shouldn't be used for Bitcoin investment because it can be a bit risky , especially when there is always need to pay pension monthly

 

[Niftyicon]

Bitcoin miners are having the best of times presently and increasing their investments just shows that bitcoin has been seen as a worthy and profitable venture.

 

[aryan4]

Yeah , but the pension fund shouldn't be used for Bitcoin investment because it can be a bit risky , especially when there is always need to pay pension monthly

Actually, you pointed out a good subject. It is a debatable issue, but maybe this way, do you think such funds will have the opportunity to give higher retirement income? Of course by taking a very high risk.

 

[fastmoney1]

Yeah , but the pension fund shouldn't be used for Bitcoin investment because it can be a bit risky , especially when there is always need to pay pension monthly

Well from that point of view you are right since it is money that must be used for regular payment purposes and it is a commitment made, it is very risky to use it in this type of business where there are many fluctuations.

 

[aryan4]

Bitcoin miners are having the best of times presently and increasing their investments just shows that bitcoin has been seen as a worthy and profitable venture.

Although it is a high risk investment, it is also an investment option that can make a lot of profit. Here, it is more logical to invest in mining earnings without a direct bitcoin purchase. I think it's a great initiative.

 

[Niftyicon]

Although it is a high risk investment, it is also an investment option that can make a lot of profit. Here, it is more logical to invest in mining earnings without a direct bitcoin purchase. I think it's a great initiative.

I do agree with you that if the opportunity is available, investing in bitcoin mining is probably more profitable. The risk most likely will end up being worth it.

 

[fastmoney1]

Bitcoin miners are having the best of times presently and increasing their investments just shows that bitcoin has been seen as a worthy and profitable venture.

If I had the money to invest right now, I would do it in sophisticated equipment to dedicate myself to mining since I know that in a very short time I would obtain great dividends.

 

[aryan4]

If I had the money to invest right now, I would do it in sophisticated equipment to dedicate myself to mining since I know that in a very short time I would obtain great dividends.

I do not know much about mining except basic basic information. But I have read articles about those who try to mine by buying devices alone do not always get good results. I've always wondered, but never dared.

 

[achawaskey]

They have seen that investing in bitcoin mining will yield profit to them and further diversified their flow of income. This is profit in crypto trading.

 

[Rhugene19]

It turned out that CalPERS, the largest public pension fund in the USA, increased the number of shares in the Bitcoin mining company Riot Blockchain (RIOT) by 7 times in the last quarter of 2020.
As reported by CoinDesk, according to official documents announced on Tuesday; The number of RIOT shares held by CalPERS as of the third quarter of 2020 was 16907 and the value of the shares was 49 thousand dollars in total. After the last purchase, the number of shares was 113 thousand 34 and the total value exceeded 1.9 million dollars.
What do you think about this relevance of pension funds?

.

 

[microunit]

Given that the majority of the miners from china that are contributing power to the network has stopped , we might need more miners , some hardware developers are even creating more efficient hardwares just for mining

 

[Josemendez]

Given that the majority of the miners from china that are contributing power to the network has stopped , we might need more miners , some hardware developers are even creating more efficient hardwares just for mining

True but to an extent there is still many bitcoin in circulation . People will still have bitcoin to buy whenever they want to buy bitcoin

 

[microunit]

True but to an extent there is still many bitcoin in circulation . People will still have bitcoin to buy whenever they want to buy bitcoin

Compared to other coins bitcoin has smaller supply and supply circulation though, esepcially that bitcoin is deflationary and has since been launched for decade now

 

[Josemendez]

Compared to other coins bitcoin has smaller supply and supply circulation though, esepcially that bitcoin is deflationary and has since been launched for decade now

Bitcoin has 21 million Maximum supply and amdist this amount , some people are selling theirs for profit , it will be difficult not to have bitcoin to buy

 

[Wisdom01]

think the pension funds was invested to get more return in profit and i think after the profit have been earned from mining , the profit would be disbursed , so the funds are important