New Zealand Pension Fund bought BTC for 5% of assets

• New Zealand pension fund KiwiSaver has allocated 5% of its assets to invest in Bitcoin.
• BTC will bebe present in many KiwiSaver investment products over the next 5 years.
• NYDIG CEO said that more and more government funds are willing to invest in BTC.
• Singapore's Sovereign Wealth Fund Temasek buys bitcoin from miners.

New Zealand pension fund KiwiSaver Growth Strategy, managed by Wealth Funds Management, has allocated 5% of its assets to purchase bitcoins.

"If you love investing in gold, you can't ignore Bitcoin.", noted the investment director of Wealth FundsManagement James Grigor. He also added that over the next 5 years, the first cryptocurrency will be present in many KiwiSaver investment products.

For the first time, a New Zealand pension fund boughtBitcoins in October 2020, when the cryptocurrency was worth about $10,000. In early March, the price of BTC reached $61,000. Thus, the investment decision brought KiwiSaver a sixfold profit. Although the price of the cryptocurrency subsequently declined, the pension fund still made huge profits.

Grigor also noted that KiwiSaver buys predominantly traditional financial assets, but the fund could not pass up an attractive investment opportunity.

"Bitcoin is able to give people a comfortable old age", - he said.

By the way, earlier we examined in detail the issue of investing in cryptocurrencies to ensure a comfortable old age.

Meanwhile, New York CEODigital Investment Group (NYDIG) Robert Gutmann, speaking with Real Vision founder Raoul Pal, stated that his company is increasingly being contacted by government funds to invest in Bitcoin.

Pal, in turn, confirmed this information,noting that Singapore's sovereign wealth fund Temasek, which has $306 billion in assets under management, is investing in Bitcoin. It purchases BTC directly from miners.

Gutmann also added that public companies and government funds are beginning to reconsider their investment policies, trying to hedge dollar-denominated obligations.

"Investment committees, analyzing current events and future prospects, are wondering if it is right to keep all assets in dollar-related instruments.", - he said.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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