Bitcoin Projected as Solution to Ongoing Private Pension Crisis

Private pension fund managers should consider dipping their toes into bitcoin, believes Mark W. Yusko.

The Morgan Creek Digital co-founder lately projected the cryptocurrency as a mean to balance the risks associated with private pension funds. The recommendation came after the pension industry posted its second-worst performance since 1950 in the fourth quarter of 2018, exposing millions of retirees to a financially unstable future.

“Pensions have precisely wrong Asset Allocation at the precisely wrong time (again) things will get truly ugly wrt to funding levels & ability to honor commitments when valuations mean revert.”

Read Full Story : NewsBTC

2019-04-08 17:48:38

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