The South Korea Teachers' Credit Union will invest in bitcoin
Cryptocurrency can be accessed through the use of bitcoin ETF
26.10.2021 - 08:35
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What's new? According to the South Korean media, the Teachers' Credit Union plans to make regular investments in cryptocurrencies starting from the first half of 2022.
News on the Korea Economic Daily website
How will the process proceed? According to the journalists, it is not a question of buying bitcoin directly and transferring it to the organization’s account. Most likely, access to the cryptocurrency will be carried out by using tools such as bitcoin ETFs.
The tendency to hedge financial risks with cryptocurrency is gaining momentum. As previously stated, the Houston (Texas) Firefighters' Relief and Retirement Fund had announced the purchase of cryptocurrency. Two assets have been added to the fund's portfolio at once: Bitcoin and Ethereum.
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