Japan's $1.4 Trillion Government Pension Fund Requests Information on Bitcoin as It Mules Diversification

The Government of Japan Pension Investment Fund (GPIF), the world's largest pension fund with assets of 1.4 trillion dollarsis explorer the feasibility of adding bitcoin to your portfolio.

The GPIF seeks to generate “basic knowledge” about “illiquid assets,” including agricultural land, gold, bitcoin and forests, he said March 19.

(Information Request)GPIF requests useful information and ideas on illiquid assets, etc.https://t.co/1irwYhCa6d pic.twitter.com/kfgivTCFU0

– GPIF (@gpiftweets) March 19, 2024

This comes just weeks after the Japanese cabinet signed a bill allowing venture capital firms and investment funds to expose their portfolios directly to btc. Parliament has yet to approve the bill.

GPIF considers how bitcoin could join its portfolio

The GPIF requested information through academic studies, indices and analytical tools. The fund will also analyze the various investment philosophies implemented around the world to determine how these assets could be incorporated into the pension fund's portfolio. It set a deadline for such information to be submitted by April 19.

<img decoding="async" alt="Japanese stocks save the day for GPIF as fund moves into bonds in Q2 | Sovereign Funds | asianinvestor” src=”https://technicalterrence.com/wp-content/uploads/2024/03/Japan39s-14-Trillion-Government-Pension-Fund-Requests-Information-on-Bitcoin.jpeg&c=1&h=677&q=100&v=20240016&w=1204.jpeg”/><img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/03/Japan39s-14-Trillion-Government-Pension-Fund-Requests-Information-on-Bitcoin.jpeg&c=1&h=677&q=100&v=20240016&w=1204.jpeg" alt="Japanese stocks save the day for GPIF as fund moves into bonds in Q2 | Sovereign Funds | asianinvestor”/>

A possible seismic change

Managing the pensions of more than 67 million Japanese citizens, GPIF's interest in btc marks another step towards broader mainstream adoption of the king of cryptocurrencies.

Until now, the gigantic pension fund has maintained 97% of its portfolio is in more traditional assets, including domestic stocks and bonds, as well as private equity, real estate, infrastructure, foreign stocks and bonds.

bitcoin is the highest profile asset being investigated. Despite its volatility and the high levels of risk associated with it, more and more large investment funds are beginning to view btc as a viable hedge against inflation, similar to gold.

This is due to the low correlation of the cryptocurrency with the traditional financial market. Pension funds such as the Houston Firefighters Pension Fund and South Korea's National Pension Service have already purchased the leading cryptocurrency.

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