Pension Funds Must Adopt Bitcoin – Bitcoin Magazine

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.

I’m going to use the California Public Employees Retirement System (CalPERS) as a proxy for your general pension system. According to investopedia, the CalPERS invested roughly a third of their money into bonds with a target annual return for the fund at 7%. Bonds are referred to as fixed income because of their predictable coupon payments. They’re used for income, not capital gains.

This news is republished from another source. You can check the original article here