A financial company that has enabled the UK pension fund to be put in Bitcoin It was communicated to that balance sheet Decryption There is growing interest from other clients.
Arash Nasri, senior investment consultant at Cartwright Pension Trusts, revealed that the wider industry response was “surprisingly positive.”
The company helped an unnamed UK client make a 3% allocation to the world’s largest cryptocurrency in November 2024, securing a 60% return on investment within 12 months, according to Nasri.
Cartwright has now launched its first-ever “annual Bitcoin review.” It is designed to “enhance awareness within the institutional community.”
When asked whether the pioneering pension fund would consider increasing the increase in BTC allocations in the future, Nasri said:
He added that there is ongoing discussion about the lawsuits with several other clients, but it is important that pension funds are fully informed about how Bitcoin works and gradually build allocations with a long-term outlook.
Emphasizing that CartWrite does not have “in-game skins,” he said, “We are independent advisors with a deep understanding of the potential impact of Bitcoin on individuals, businesses, asset owners and governments. We consider it an obligation to raise awareness of investors about fiduciaries.”
Investment consultants have had pushbacks from several skeptics within the UK pension industry, saying, “The general retort was that Bitcoin prices were too volatile. This is a shame because our industry is an expert on portfolio construction and position size.”
He also objected to “learning about new technologies (in our view) that lack of motivation from many people in our industry could have a huge impact on new money and investment portfolios and future returns.”
Beyond the pension system
Nasri said Decryption That Cartwright has not encountered a growing interest from the pension scheme. Companies are beginning to learn how to use Bitcoin for cross-border transactions 24/7 and hold it as a reserve asset, but charities “see it as another source of donation.”
Nevertheless, he emphasized that Bitcoin may not be suitable for everyone.
“Bitcoin in your portfolio is not appropriate when the horizon of investment time is short, but it should still be that hundreds of defined benefits schemes, all defined contribution schemes, and most charities and businesses have serious conversations about it,” he said.