New Zealand Fund Invests 5% in Bitcoin— CIO Says You 'Can’t Really Discount Bitcoin'

A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. According to the firm’s CIO James Grigor, ​bitcoin is also set to be featured in more of its Kiwisaver investment schemes within the next five years.

New Zealand Fund Invests 5% in Bitcoin— CIO Says You 'Can’t Really Discount Bitcoin'