The Korean Teacher’s Credit Union (KTCU) is allegedly going to start investing in Bitcoin.
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According to The Korea Economic Daily, The Korean Teacher’s Credit Union, which has $40 billion in assets under its management, plans to start investing in Bitcoin next year. It is suggested that the company will not buy Bitcoin directly, but instead invest through Bitcoin ETFs. According to the report, the company will start investing when the first Korea-based company launches a Bitcoin ETF in the first half of 2022.
If it happens, it will be the first pension fund in the country to invest in Bitcoin.
