Huge Pension Fund Investing Massively In Ethereum

in ethereum •  7 years ago 

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Massive pension fund in Canada is investing $50 million in an Ethereum ICO. The pension fund is for retired Ontario workers. Pension funds are among the traditionally most conservative investors. It is a wonderful side when is traditionally risk adverse funds invest in crypto space. That shows the trust that the funds have in cryptocurrency long term.

Here is an article from the Globe and Mail with further details.

https://www.theglobeandmail.com/report-on-business/omers-expands-cryptocurrency-presence-with-50-million-ethereum-public-company-offering/article37764394/

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good choice!

What could go wrong? Public pensions are already hurting worldwide with fake growth assumptions. Good thing they are backstopped by taxpayer slaves.

Yes it sure is too bad that taxpayers always have to pay for the mistakes of government mismanagement.