• Retirement Funds Moving into Crypto
• Emin Gun Sirer on Retirement Funds flowing into crypto
• Can retirement funds survive volatility?

I told you about how retirement funds were moving into crypto.  This he stated, pointing to:  “New Jersey Pension Invested $7M in Bitcoin Mining Stocks Last Quarter.”

Emin Gun Sirer expressed:  “There’s some irony in a retirement fund investing in Bitcoin mining. I hope these retirees have enough time to spend their earnings before they have to deal with the consequences of heating the earth.

Overall though, expect more pension funds to get into crypto. My prediction was for a second bull market this fall, and we’re right on target for that.”

Emin pointed to this matter in response to the content by Danny Nelson on Coindesk, which states, “New Jersey’s pension fund chased crypto mining’s upside last quarter with multimillion-dollar bets on two of the industry’s biggest names.

According to disclosure documents, the state-managed pension ended June with $3.66 million in Riot Blockchain (NASDAQ: RIOT) and $3.39 million in Marathon Digital Holdings (NASDAQ: MARA).

New Jersey’s Common Pension Fund has $30 billion in total assets for state employees.”

The pension fund is also known as a superannuation fund in some countries.  It is any plan, fund, or scheme, which provides retirement income. The pension funds are pooled monetary contributions from pension plans set up by employers, unions, or other organizations to provide for their employees’ or members’ retirement benefits.

New Jersey’s Common Pension Fund supports the retirement plans of approximately 800,000 active and retired employees in seven public pension systems. The Consolidated Police & Firemen’s Pension Fund, the Judicial Retirement System, the Police & Firemen’s Retirement System, the Prison Officers Pension Fund, the Public Employees’ Retirement System, the State Police Retirement System, and the Teachers’ Pension & Annuity Fund.

Reportedly, New Jersey’s Common Pension Fund has invested in mining.  If this works for good, more retirement funds will flow into the cryptocurrency space. The idea of investing in Bitcoin for retirement as something that provides higher returns and diversity is becoming a commonly promoted trend. Can retirement funds survive volatility?

Some of the community members from AVAX felt they should’ve invested in a POS blockchain. Many opine, with the advent of quantum computers, bitcoin can only be transferred to POS.

Community members who have been following Emin predictions stated:  I remember your prediction for the first bull market. I think your prediction will be successful this time too.

No investment in crypto can be called truly promising.  We are in the beginning stages of this new alternative investment industry.