Business
Should you invest your super in cryptocurrencies like Bitcoin?
When it comes to superannuation, most Australians tend to be pretty happy if their super funds grow at a modest rate, perhaps with some volatility protection as well.
That’s why your average super fund is usually classed as ‘balanced’. This means it invests your money across multiple asset classes to balance between growth potential and volatility protection.
These asset classes usually consist of a mix of ASX shares, international shares, bonds and cash. Since most Aussies tend to be pretty protective over their super funds’ balance, the idea of investing in cryptocurrencies like Bitcoin (CRYPTO: BTC) through super might be unthinkable.
But this idea is reportedly gaining steam.
CEO of BTC Markets, Caroline Bowler,…
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