US pension funds are considering investing in cryptocurrencies like bitcoin to address their funding crisis. A recent report by Equable Institute found that already, 28% of riskier “alternative” assets outside the regular stock and bond markets are being held by funds representing teachers, police officers, firefighters, and other state and municipal workers.
This trend is concerning as it suggests a lack of confidence in traditional investments. Experts warn that speculating on cryptocurrencies may not be the solution to these funding crises. Cryptocurrencies have historically been volatile and unpredictable, making them a high-risk investment option.
Source: https://www.marketwatch.com/story/crypto-will-not-save-americas-state-and-local-pensions-c8338d92