Air Canada's investment in Bitcoin is reportedly through its pension fund, which has allocated $161 million to the cryptocurrency. This move signals growing institutional interest in Bitcoin as a long-term asset. The investment is seen as a strategic diversification effort, potentially aiming to enhance returns and hedge against market volatility.ยน ยฒ
Some key points to consider:
- *Investment Amount*: $161 million invested in Bitcoin by Air Canada's pension fund
- *Purpose*: Likely for long-term asset diversification and potential returns
- *Market Impact*: Indicates growing acceptance of cryptocurrencies among institutional investors
This development aligns with the trend of major companies and pension funds exploring cryptocurrency investments. Other airlines, such as Emirates, Etihad, and Air Arabia, have also started accepting cryptocurrencies like Bitcoin and Ethereum for flight bookings, showcasing the growing adoption of digital assets in various industries.