AMP’s Chief Investment Officer, Anna Shelly, highlighted that customers in the fund’s balanced and growth options are most likely to have exposure to Bitcoin. While AMP embraces Bitcoin, other major funds have opted not to follow it, citing concerns over Bitcoin’s volatility and lack of yield. Reserve Bank governor Michele Bullock echoed these concerns, stating that Bitcoin is unsuitable for the Australian economy. In a major announcement, Australia’s retirement fund AMP announced an investment of $27 million in Bitcoin thereby making a significant move in the asset class. This makes…
Australian Retirement Fund AMP Seeks Bitcoin Exposure with $27 Million Investment
