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- Japan’s government pension fund announced Tuesday that it is seeking information on “illiquid assets” such as Bitcoin as part of an investigation into potential new investments.
- Japan’s Pension Investment Fund is seeking information about assets such as Bitcoin and how they are incorporated into pension fund portfolios.
- GPIF’s statement comes days after Bitcoin hit an all-time high and after the world’s largest cryptocurrency rose more than 130% last year.
Japan’s government pension fund announced Tuesday that it is seeking information on “illiquid assets” such as Bitcoin as part of an investigation into potential new investments.
Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund based on assets under management in several different rankings, provides “basic information” about illiquid assets other than those in which it has already invested. He said he was looking for it.
GPIF said it currently invests in domestic and international bonds, equities, real estate, infrastructure and private equity. It is currently seeking information on other assets such as forests, farmland, gold and Bitcoin and how these are incorporated into pension fund portfolios.
There is no indication that GPIF will invest in Bitcoin or other cryptocurrencies.
GPIF’s statement comes days after Bitcoin hit an all-time high and after the world’s largest cryptocurrency rose more than 130% last year.
The rise was due in part to the launch of a Bitcoin exchange-traded fund in the United States this year, which attracted billions of dollars in inflows.
Pension funds have been very cautious about investing in cryptocurrencies due to their volatile nature. Nevertheless, some investors are treading cautiously, with South Korea’s pension fund, the National Pension Service, buying Coinbase stock last year.
In Japan, the government proposed a bill in February that, if passed, would allow investment funds to hold digital assets such as cryptocurrencies.
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