A UK pension fund has become the first in the country to allocate Bitcoin on its balance sheet, investing 3% of its portfolio into the cryptocurrency. This decision was made by a pension advisory firm, Cartwright, which noted the long-term growth potential of Bitcoin, highlighting its price increase of nearly 100,000% since 2013. The trustees of the unnamed pension scheme opted for this Bitcoin allocation due to their long investment time horizon. Cartwright's director of investment consulting, Sam Roberts, expressed hope that this strategic move will inspire other institutional investors in the UK to follow suit, pointing to a potential transformation similar to the historical integration of equities into pension schemes starting in the 1970s. Roberts anticipates gradual but eventual widespread institutional adoption of Bitcoin, mirroring the acceleration seen in other countries, particularly the U.S., where major financial firms have actively participated in Bitcoin investment.

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