The world’s largest pension fund, Japan’s Government Pension Investment Fund (GPIF), with assets totaling $1.4 trillion, is exploring the possibility of adding Bitcoin to its investment portfolio.
This decision follows the approval of a bill by the Japanese cabinet, allowing venture capital firms and investment funds to directly invest in Bitcoin pending parliamentary approval.
GPIF aims to gather information on various illiquid assets, including Bitcoin, and assess their integration into its portfolio by soliciting academic studies and analyses.
With the responsibility of managing pensions for over 67 million Japanese citizens, GPIF’s interest in Bitcoin signals a significant step toward broader adoption of the cryptocurrency.
Despite Bitcoin’s volatility, more investment funds are viewing it as a hedge against inflation due to its low correlation with traditional financial markets.
This move by GPIF highlights the evolving landscape of institutional investment in cryptocurrencies, marking a significant milestone in their acceptance and integration into traditional financial frameworks.
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