@FireOnNoiseApp 29 March 2021 more from that month

New Zealand hedge fund NZ Funds Management, which had $ 350 million worth of assets under management at the end of December 2020, said five percent of its money was invested in bitcoin. According to the company's CIO James Grigor, bitcoin will also be featured in more Kiwisaver investment schemes in the next five years. 'You Cannot Discount Bitcoin' As explained in local reports, the company's bitcoin acquisition was only possible in October 2020 when amendments were made to its offering documents. Meanwhile, in justifying the acquisition, Grigor said: Bitcoin has become a commodity, with many attractive advantages over gold, which investors often buy as a store of value in times of economic crisis. In recent years, BTC has established a reputation as an alternative store of value. Many supporters and opponents (including US Federal Reserve chairman Jerome Powell) view bitcoin as a digital form of gold. #CryptoTrading