18th July 2024 > > Pension Funds.

tl;dr

A quick revisit of Wallet Guard. The pension fund tsunami can be spied on the horizon. Fraudster Dr Craig S. Wright finally tells the world the truth for a change.

Market Snap

Market Wrap

Early indications from the 13-Fs is that most institutions who invested in BTC via the spot ETFs in Q1 have increased their holdings in Q2. We are still a month away from the deadline, but this is a promising start.

US stocks are unstoppable right now, presumably in expectation that either Trump or Biden will accelerate the growth in US debt by expanding the deficit either by lowering taxes, or increasing spending, or a combination of both. US dollar liquidity will soon get a boost, devaluing fiat against hard assets.

Curious Cryptos’ Commentary – Wallet Guard

On the 4th July we looked at a new tool to help make Web3 safer – Wallet Guard:

https://www.curiouscryptos.com/post/4th-july-2024-wallet-guard

I can honestly say it’s a superb tool. You should not use Web3 without it.

Download it now:

https://www.walletguard.app/

Curious Cryptos’ Commentary – Here come the pension funds

Slowly, very slowly, at first, and then all at once.

VanEck has announced a partnership with Inter Invest to offer French pension plans the opportunity to gain exposure to BTC via a fully collateralised ETN (exchange traded note) that tracks the market value of BTC. Deputy CEO of Inter Invest, Jean-Baptiste de Pascal, reminds us that initiatives like this are for one reason only:

“By including crypto assets in our retirement savings plan, we are responding to growing market demand to combine retirement preparation and diversification into digital assets.”

Let me remind you that GPIF, the world’s largest pension fund with $1.4 TRILLION AUM, is investigating whether it should diversify into cryptos or not (spoiler alert: the answer will be yes). A few pension funds in the US and South Korea are already involved. With increasing evidence that including a small allocation to BTC gives superior returns with a higher Sharpe ratio it is only a matter of time until this wall of pension investment money floods into BTC. Best not wait until then, in my humble opinion.

Curious Cryptos’ Commentary – Fraudster Dr Craig S. Wright

Thankfully, this saga is finally over once and for all.