Pensions were buying crypto before it tumbled. Will it affect retirements?
Public pension funds have increasingly purchased cryptocurrency in recent years. While valuations have grown in recent years, the last month has seen coin values plummet before gradually rebounding.
Pension fund representatives and outside experts say the total public investment in cryptocurrency is minuscule, and the digital currency is still a viable purchase with public dollars when done carefully.
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Public employee pension funds are some of the largest institutional investors in the country. They not only serve as a nest egg for the nation’s retired public servants but also invest more than…
