World’s Largest Pension Fund Investigates Switch to Bitcoin

Japan's Government Pension Investment Fund (GPIF), the largest pension fund in the world, is looking at Bitcoin (BTC) as a potential diversification tool.

The GPIF officially announced on March 19 that it has developed new long-term investment policies to respond to “major changes in the economy and society and rapid technological advances.”

To respond to the new challenges, GPIF is launching a five-year research plan to explore new methods for diversifying investments with a focus on sustainability and risk management.

As part of the plan, GPIF will request a variety of information, including information about “illegal assets” that the company currently lacks. Such assets include cryptocurrencies such as bitcoin, precious metals such as gold and other assets, the announcement notes.

This is a developing story, and more information will be added as it becomes available.