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CryptoGlobe 2021-03-28 03:09:00

New Zealand Retirement Fund Bets on Bitcoin With 5% Allocation

The KiwiSaver Growth Strategy, a NZ$350 million (US$245 million) retirement fund operated by New Zealand Funds Management, has according to local media allocated 5% of its assets to bitcoin, citing the cryptocurrency’s similarities to gold as one of the biggest reason behind the trade. According to local news outlet Stuff, New Zealand Funds’ chief investment […]

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