-— Are We Facing a Historic Change? 🤔🤔🔥🔥
With the backing of political leaders and new regulations favoring cryptocurrencies, South Korea's National Pension Service (NPS) is evaluating the possibility of directly investing in Bitcoin.⏸️
With an asset base exceeding 800 billion dollars, the National Pension Service (NPS) is considering Bitcoin as a potential investment asset. This development responds to recent regulations that authorize national pension funds to operate in cryptocurrencies. The main presidential candidates from both parties have shown their support for public investment initiatives involving the use of digital assets. In his bid for the presidency of the Democratic Party, Lee Jae-myung has offered to create a safe environment for young investors by backing spot Bitcoin ETFs. 🔄
Currently, the NPS is already indirectly participating in the cryptocurrency sector through its significant investments in Coinbase and MicroStrategy. In 2024, it acquired shares of MicroStrategy for an amount of 34 million dollars; this firm is known for its notable Bitcoin holdings. Additionally, the NPS allocated more than 45 million dollars in shares of Coinbase, reflecting a growing institutional interest in the realm of cryptocurrencies.💸💸💸💸
The growing attraction towards cryptocurrencies among South Koreans, especially among the elderly, is another factor driving the transition towards direct investments in Bitcoin. A recent survey revealed that 11% of cryptocurrency investors in South Korea are 60 years old, a figure that exceeds 8% of those who are 50 years old, indicating that digital assets are being adopted by people of all generations.
Although the NPS has not yet made a direct purchase of Bitcoin, the growing political and legislative support, as well as a shift in the demographic composition of its investors, anticipate a promising future for the NPS portfolio, which could integrate cryptocurrencies. 🔥📉📈🔄
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