A pension fund in the United States has added both Bitcoin and Ether to its portfolio. This marks the first-ever cryptocurrency investment by a US public pension plan, further highlighting institutional demand for crypto exposure. Firefighter Pension Partners With NAYDIG According to a press release from Newswire, the Houston Firefighters' Relief and Retirement Fund (HFRRF) announced their investment this morning. NAYDIG – a Fintech service provider for banks, corporations, and institutions – facilitated the purchase on the fund’s behalf. It…
Tag: Stability
How Past Epidemics Shook Financial Markets and How Much Can Coronavirus Infect Bitcoin
Coronavirus is set to impact the cryptocurrency market for the foreseeable future. The jury is still out on how quickly Bitcoin and other digital assets will recover from the current viral outbreak in the long run. However, we can get a glimpse into the future if we look into how other epidemics affected global financial markets. How much do widespread diseases derail markets, and will Covid-19 infect Bitcoin? We aim to give a preliminary assessment of the Coronavirus's potential impact…
2 years ago
