Business
Why I bought bitcoin – The Australian Financial Review
Bitcoin’s growing credibility as a store of value among institutional investors and wider usage as a medium of exchange prompted this self-managed super fund to…
The fund wanted to avoid the sort of crypto horror stories such as losing the password to a bitcoin wallet or buying bitcoin on an exchange such as Cryptopia in New Zealand, which went bust in 2019 leaving owners of cryptocurrencies purchased on the exchange in limbo.
Ideally, the fund would have purchased bitcoin through an exchange traded fund, but none was available in Australia, and Canada was yet to launch one.
The next best alternative was to either buy the bitcoin on a crypto exchange such…
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