Bitcoin is, has been and always will be a form of investment subject to violent interactions and consequently is a serious risk.

For a company to invest in such a commodity especially with superannuant's funds, beggars belief in my mind, and creates concerns for me personally in the attitude of, in this case the AMP Society, the calibre of the people responsible for making such decisions. it reminds me of Andrews and the incredibly incompetent decisions made allegedly for Victorians, and the devastating consequential impact on so many thousands of small businesses and individuals. At least AMP will never receive an award in the Australian Honours system for such a decision, that Andrews unbelievably did. How that decision has never been reconsidered is an absolute travesty and reduces the AH System to a less than respectable level.

Good luck to AMP, but as a shareholder, I am a little concerned to say the least.

Reply to article

For original story, Click Here.

Well done AMP for starting the trend to finally getting into a high asset class as Bitcoin. MSTR have figured out the "infinite money glitch" and to the uneducated they should now strive to DYOR and take control of their own wealth.

Onwards and upwards for this fund and all the other global pension funds, hedge funds, treasuries, ETF's, retail hands and the other Trillions of dollars that will be pouring in to the most valuable asset in the world .... DIGITAL GOLD - BTC.

Reply to article

For original story, Click Here.

It's about time, I mean it's only been increasing on average at 60% ARR over what almost 15 years now. The vast majority of super invested into Bitcoin is from SMSFs while BlackRock, the world's largest fund manager, has now officially recommended a 2% holding. I would think 0.05% was and is far too conservative although based on the current price and when AMP bought this is likely now worth closer to double that in their portfolio. The risk now is fast becoming NOT having this finite asset class in your portfolio as the US under Trump start to amass a Bitcoin Strategic Reserve and the inevitable game theory that will play out as a consequence into 2025 and beyond.

Reply to article

For original story, Click Here.