Pension Funds' Allocation to Bitcoin Need not Depend on Congress
Dow Jones11-05
0959 GMT - Long-term allocators to bitcoin, including pension funds, should not alter their approach as Congress switches from Republican to Democrat, Cartwright's investment consulting director Sam Roberts says. "Supportive U.S. legislation helps at the margin, but it should not be the trigger to review strategy," he says. Roberts adds that the congressional switch makes the growing U.S. fiscal deficit even harder to change course, potentially making a case for scarce assets such as gold and bitcoin. Bitcoin is 0.1% higher at $80,253.
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