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> Quebec’s $303 billion pension manager has written off its stake in bankrupt cryptocurrency lender Celsius Network LLC, with its chief executive officer conced
by schemescape 4y ago
> Quebec’s $303 billion pension manager has written off its stake in bankrupt cryptocurrency lender Celsius Network LLC, with its chief executive officer conceding the fund invested “too soon” in the sector.
(Emphasis added)
Does that mean he plans to get back into crypto with everyone else’s money? I hope they’re at least clear about their modeling and strategy when dabbling in something as volatile and speculative as crypto. It may also eventually pit their pension managers against their government if the government wants to rein in crypto mania.
The prospect of collateral damage from crypto is frustrating…