Log in

News

New Zealand retirement fund allocates 5% for Bitcoin investment

Updated: Aug 31, 2024
Published: Mar 26, 2021
0
Share:

Bitcoin is gaining adoption from several institutional investors and corporate entities. Over the past year, institutional investors have pumped billions of dollars into the Bitcoin market, and more are doing so.

Post Feature Image

KiwiSaver Growth Strategy allocates 5% of funds to Bitcoin

KiwiSaver Growth Strategy has allocated 5% of its funds to Bitcoin investment. The company is a $350 million retirement plan operated by New Zealand Wealth Funds Management. The rise of the leading cryptocurrency has encouraged the retirement fund manager to allocate some of its funds to Bitcoin.

James Grigor, the chief investment officer at New Zealand Funds Management, told Stuff that Bitcoin’s similarities to Gold convinced the firm to invest in the leading cryptocurrency. “If you are happy to invest in gold, you can’t really discount bitcoin,” he added.

Grigor added that the firm would allocate more of its resources to Bitcoin over the next five years. KiwiSaver Growth Strategy first bought bitcoins in October 2020 when the leading cryptocurrency was trading at $10,000. The firm had to change its offer documents to allow for cryptocurrency investments before executing the trade.

Since buying bitcoins, the leading cryptocurrency’s price has surged by more than 500%, making it one of the best-performing assets over the past six months. Grigor explained that although KiwiSaver is mostly comprised of traditional asset classes, they are now open to other investment opportunities available in the market. He believes that Bitcoin is an asset class that could give people the best retirement they deserve via its aggressive compounding.

Bitcoin slowly going mainstream

Bitcoin is winning the admiration of numerous institutional investors globally. An increasing number of corporate companies are allocating a certain percentage of their treasury to Bitcoin as they believe it is a hedge against inflation and an excellent store of value.

Bitcoin’s price would likely increase over the coming months as more companies allocate funds to invest in the asset.

 

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
x402: The Future of Micropayments on the Internet
PRO
Research Report
x402: The Future of Micropayments o...For nearly three decades, the internet has run on ads, not payments. Every time we read an article, ...
11 min read
Nov 8, 2025
Market Update: Supreme Court Tariff Decision Could Reshape 2026
PRO
Market Updates
Market Update: Supreme Court Tariff...We’re entering one of those rare windows where politics, macro, and crypto collide. It’s not just ab...
8 min read
Nov 7, 2025
Market Direction: At $100k - Your 7-Day Action Plan
PRO
Market Direction
Market Direction: At $100k - Your 7...Markets hit major support zones with BTC at the $100k level. Key altcoins face rejection; reversal o...
11 min read
Nov 7, 2025