Bitcoin (BTC) Becomes Essential for Pension Funds, According to Crypto Expert Michael Saylor

  • In a recent development, MicroStrategy co-founder Michael Saylor predicts that US pension funds will need to include Bitcoin in their portfolios.
  • The State of Wisconsin Investment Board (SWIB) has recently acquired $99 million worth of shares of BlackRock’s Bitcoin ETF (IBIT).
  • Major firms like JPMorgan, Edmond de Rothschild (Suisse), Wells Fargo, and Susquehanna International Group (SIG) have disclosed their Bitcoin ETF holdings ahead of the quarterly 13F regulatory filings deadline.

MicroStrategy’s Michael Saylor predicts US pension funds will need Bitcoin, as the State of Wisconsin Investment Board makes a significant investment in BlackRock’s Bitcoin ETF. Major firms disclose their Bitcoin ETF holdings ahead of regulatory deadline.

MicroStrategy’s Michael Saylor Foresees Bitcoin Need for US Pension Funds

MicroStrategy co-founder Michael Saylor, in a recent post on social media, has predicted that US pension funds, which collectively manage more than $27 trillion in assets, will need to include Bitcoin in their portfolios. This prediction comes at a time when institutional adoption of Bitcoin is gaining momentum.

Wisconsin Investment Board Acquires Bitcoin ETF Shares

In a significant development, the State of Wisconsin Investment Board (SWIB), the agency that manages the state’s public pensions, has disclosed that it has acquired $99 million worth of shares of BlackRock’s Bitcoin ETF (IBIT). This move is seen as a watershed moment for institutional adoption, with Bloomberg’s senior ETF analyst Eric Balchunas predicting that other pension funds could follow suit. SWIB’s Bitcoin investment is particularly noteworthy given the risk-averse nature of pension funds, indicating a growing comfort among institutional investors with Bitcoin.

Major Firms Disclose Bitcoin ETF Holdings

Several major firms have disclosed their Bitcoin ETF holdings ahead of the deadline for quarterly 13F regulatory filings, which is set for May 15. Notable names include JPMorgan, Edmond de Rothschild (Suisse), Wells Fargo, and Susquehanna International Group (SIG), all of which now have exposure to these newfangled products. This disclosure further underscores the growing institutional interest in Bitcoin.

Conclusion

The recent developments indicate a growing institutional adoption of Bitcoin, with US pension funds and major firms showing increased interest. As predicted by Saylor, the era of institutional adoption of Bitcoin seems to be kicking off, potentially leading to significant changes in the financial landscape.

BREAKING NEWS

Bitcoin Whale Opens 40x Leveraged Long on 20 BTC at $101,800 Entry Price (≈$2.04M)

COINOTAG News, citing HyperInsight on November 8, tracked a...

Bitcoin November Returns Dip to -6.55% Year-to-Date vs 12-Year Average of +42.49% (8 Gains, 4 Losses)

COINOTAG News, citing Coinglass data, shows that Bitcoin's November...

Bitcoin Key Support at $98,340; Lower Levels at $75,475 and $55,980, AliCharts Analysis Finds

COINOTAG News reports on November 8 that a respected...

Bitcoin Whale Owen Gunden Moves 3,600 BTC Worth $372M, 500 BTC Sent to Kraken as 3,100 BTC Awaits Transfer

COINOTAG News reported on November 8, referencing LookIntoChain on-chain...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img