4 ms·

What's a teacher pension fund doing the same thing?

• twelve40 4y ago
  diversifying with a hyped-up fomo thing at the time? they have >200 billion so it's kind of a rounding error for them. In fact, for the majority of outfits listed, "contagion" sounds too dramatic. $24mil for Blackrock?
• newaccount2021 4y ago
• edent 4y ago
  Because they have a huge amount of assets - but also a growing pool of pensions to pay out. So it makes sense for them to put a limited part of those funds into risky ventures. I'm sure at some point they invested in, for example, Apple when that looked like a dangerous proposition. To be clear - I think anyone "investing" in crypto is likely to lose out in the long run. But if you are a large institution it makes sense to spread yourself into as many ventures as possible.