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Big news in the currency circle: the world’s largest pension fund is exploring Bitcoin

Could the world’s largest pension fund enter the game?

Another big news in the Bitcoin market this week is that the world’s largest pension fund, the Japanese Government Pension Investment Fund (GPIF), announced that it will explore the possibility of diversifying part of its investment portfolio into the Bitcoin field.

According to the announcement, as part of its diversification efforts, the GPIF will solicit information on illiquid alternative assets such as Bitcoin, gold, forests and farmland. GPIF said it seeks basic knowledge of the target assets and wants to understand how overseas pension funds incorporate these assets into their portfolios.

Although GPIF does not currently invest in the above-mentioned assets, the move shows that the fund is actively researching other investment options besides stocks and bonds. GPIF manages over $1.5 trillion in assets, and even a small allocation to Bitcoin could significantly impact the price of the digital currency.

Financial blog Zerohedge commented that there is an important potential source of rising Bitcoin prices—foreign exchange reserves. Analysts at Standard Chartered Bank recently predicted that it is increasingly likely that large reserve fund managers will announce purchases of Bitcoin in 2024.

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