Australian Pension Fund Considering Crypto Investments

Seems like the Aussie super fund Hostplus is thinking about bringing Bitcoin and other crypto into the mix for its members. Just read about it on Bloomberg.

Honestly, if they do this, I bet a lot of people will jump on Bitcoin first. It’s where the interest is at, for sure.

Not so fast. Trading music rights on digital tokens? Sounds like a gimmick to me. Either they’re not serious about Bitcoin or just in it for a quick buck.

Lol, totally. Musicoin was supposed to be big but it's just another PoW project that flopped. All these projects start with promise but usually end up tanking.

Exactly, I mean, who in their right mind would invest in PoW like that? They’re probably looking into NFTs and tokenization stuff, but that’s not promising either.

Crypto is just a hotbed for scams right now. Newbies get sucked in and lose everything thinking they’re getting rich quick. People need to do their homework on Bitcoin before jumping in.