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This post originally appeared in Off The Chain, the daily newsletter that I send to institutional investors analyzing the crypto markets. You can click here to subscribe and receive it in your inbox every morning.

Every pension fund should buy Bitcoin.

The retirement of hundreds of millions of corporate and government employees around the world depends on these pension funds’ ability to pay the individual a set amount of money post-retirement. Unfortunately, many pension funds are facing a significant crisis — it does not look like they will be able to pay their future obligations.

The difference between the obligations and the resources allocated to pay them is actually widening. This is driven by a decreasing worker to retiree ratio. Workers pay into the pension fund (think of this as revenue for the pension fund) under the promise that the fund managers will grow the capital and be able to pay the employee’s pension post-retirement. Once an employee retires, they begin to draw their pension (think of this as expenses for the pension fund) and will continue to do so until they die. …

About

Anthony Pompliano

Founder & Partner - Morgan Creek Digital Assets. They call me Pomp.

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