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COINTURK NEWS > Bitcoin News > Bitcoin’s Surge Sparks Interest from Retirement Funds
Bitcoin News

Bitcoin’s Surge Sparks Interest from Retirement Funds

In Brief

  • The recent Bitcoin surge has attracted traditional retirement funds to crypto investments.

  • Increased demand from retirement schemes may boost institutional adoption of cryptocurrencies.

  • The growing interest highlights the need for regulation and transparency in crypto markets.

Ömer Ergin
Ömer Ergin 5 months ago
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Recently, the price of Bitcoin (BTC) $105,411 soared past $100,000, reaching a record high of $108,000, piquing the interest of traditional investors in the crypto market. Retirement funds have started to invest in this area, drawn by the promising returns of cryptocurrencies. This development indicates a growth in crypto-focused retirement funds.

Contents
Crypto Retirement Funds and ETF InvestmentsRetirement Sector Grows with Crypto Investments

Crypto Retirement Funds and ETF Investments

According to a report published by the Financial Times, most crypto retirement funds are showing interest in ETFs regulated in the U.S. that offer indirect investment opportunities in cryptocurrencies like Bitcoin and Ethereum $2,442. Many believe that the increasing demand for crypto from these typically conservative retirement schemes will lead to greater institutional adoption, particularly under the administration of former President Donald Trump.

Retirement plans in Wisconsin and Michigan have been reported as major investors in U.S.-based crypto-focused funds. Additionally, retirement funds in the U.K. and Australia have recently begun investing small amounts in Bitcoin.

Retirement Sector Grows with Crypto Investments

Sam Roberts, investment advisory director at Cartwright, noted that the retirement sector is expected to experience “very interesting” growth due to the impact of cryptocurrencies. Roberts revealed that over 50 individuals have applied for crypto-based retirement investments in retirement consultancy.

While crypto retirement funds are beginning to expand after significant setbacks in the digital asset market, many experts believe the storm is passing. Alex Pollak, head of 21Shares in the U.K. and Israel, stated, “We are definitely seeing the opposing forces disappear… You will see more institutional adoption.”

However, crypto retirement funds have faced serious objections from Daniel Peters, a partner in Aon’s global investment practice. Peters suggested that hedge funds are a more suitable option for those wanting exposure to alternative assets rather than allocating retirement funds to crypto.

Crypto experts closely monitor Bitcoin’s rise following Donald Trump’s inauguration on January 20. The market is expected to experience high volatility before and after the inauguration ceremony. While many argue that crypto retirement funds are backed by Bitcoin ETFs for digital asset investments, the sector awaits to see how market movements will affect conservative investors.

The BTC price has increased by 3% in the last 24 hours, currently trading at $99,178. The recorded 24-hour low and high are $96,505 and $100,781, respectively. Additionally, trading volume has risen by 11% in the last 24 hours, indicating increased interest among traders.

The rise in Bitcoin’s price and the growth of retirement funds in crypto investments signal significant changes in the market. Investors are aware of the potential risks posed by market fluctuations while exploring new opportunities through cryptocurrencies. This interest from retirement funds also raises the need for more transparency and regulation in this area.

Conclusion: Bitcoin’s ascent has led retirement funds to turn to crypto investments, potentially increasing institutional acceptance in the market.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 16 January, 2025 - 6:05 pm 16 January, 2025 - 6:05 pm
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