March 28, 2024

Ryan Radloff: "US pension funds will soon begin to invest in bitcoin"

According to Ryan Radloff, CEO of the custodial service Kingdom Trust, pension fundsThe US will soon start investing in bitcoin.

Radloff said a “generational change” is coming, and future retirees will invest in cryptocurrencies. At the same time, the industry of pension funds in the United States is estimated at $ 28 trillion.

“Now I consider the largest market for bitcoinUS pension fund industry. Soon this money will pass generational change. Now Bitcoin is practically not used in this market, and, from the point of view of the S2F (Stock-to-flow) model, this is very important, because a huge amount of dollars will pour into cryptocurrencies, ”said Radloff.

The CEO of Kingdom Trust believes thatSome of their retirement savings will be invested in Bitcoin by those who already own BTC. Note that in the US there are more than 7 million owners of bitcoins, but not everyone thinks about such an opportunity.

“The tax authorities decided to tax Bitcoin,therefore, they allowed BTC to be held with qualified custodians and in retirement accounts. I expect that for three years now people will realize that there is a way to get away from the endless cycle of printing money and stocks. I will see it as success if all 7 million Americans realize that they will be able to buy bitcoins for their retirement savings with the help of a regulated and approved structure, ”said Radloff.

He also noted that institutional investorsare increasingly turning to bitcoin. So, recently Tudor BVI hedge fund manager Paul Tudor Jones called Bitcoin an excellent hedge asset with rising inflation risks.

As a reminder, last month Kingdom Trust launched the Choice retirement savings platform, which supports traditional, alternative and cryptocurrency assets.

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