As it looks into possible new investments, the government pension fund in Japan announced on Tuesday that it is seeking information on “illiquidity assets” like bitcoin.
In addition to the illiquid assets it already owns, the Government Pension Investment Fund (GPIF) of Japan, which according to multiple rankings is the largest pension fund globally in terms of assets under management, stated that it is searching for “basic information” on these items as well.
GPIF’s intention to invest in bitcoin or other cryptocurrencies is not stated.
The world’s largest cryptocurrency has increased by more than 130% in the past year, and GPIF’s remark comes just days after bitcoin reached an all-time high.
This year’s introduction of bitcoin exchange-traded funds to the US market, which has seen inflows of billions of dollars, has contributed to that boom.
Because cryptocurrencies are so volatile, pension funds have been extremely careful when making investments in them. Still, some have dabbled, with the National Pension Service in South Korea purchasing Coinbase shares last year.
Source (CNBC)
