---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/26080166.md"
description: "One of the reasons for Bitcoin's new high: pension funds are entering the market!Recently, a senior portfolio manager at Australian pension and wealth management company AMP Ltd revealed that AMP has invested AUD 27 million in Bitcoin, becoming the first major retirement fund in the country to purchase Bitcoin.Rare Bitcoin Allocation by Australian Major Pension FundRecently, AMP senior portfolio manager Stephen Flegg stated on LinkedIn that as Bitcoin experiences a "stormy year," AMP has "taken the plunge.""We generally believe that although cryptocurrencies are risky, new, and not yet fully proven, their potential is too great to continue ignoring."AMP Chief Investment Officer Anna Shelley said that in May this year, AMP invested approximately AUD 27 million in Bitcoin, accounting for only 0.05% of its managed AUD 57 billion funds. At the time, Bitcoin was trading between $60,000 and $70,000. She stated that this investment is part of AMP's diversification strategy.$Strategy(MSTR.US)$Coinbase(COIN.US)$Mara(MARA.US)$CleanSpark(CLSK.US)"
datetime: "2024-12-16T01:30:15.000Z"
locales:
  - [en](https://longbridge.com/en/topics/26080166.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/26080166.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/26080166.md)
author: "[复利魔方3650](https://longbridge.com/en/profiles/7185361.md)"
---

# One of the reasons for Bitcoin's new high: pension…


### Related Stocks

- [CLSK.US](https://longbridge.com/en/quote/CLSK.US.md)
- [MARA.US](https://longbridge.com/en/quote/MARA.US.md)
- [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md)
- [AMP.US](https://longbridge.com/en/quote/AMP.US.md)
- [COIN.US](https://longbridge.com/en/quote/COIN.US.md)
- [CLSKW.US](https://longbridge.com/en/quote/CLSKW.US.md)

## Comments (13)

- **lukcy千炫948888 · 2024-12-17T20:07:04.000Z**: Is it still worth buying? Feels like Bitcoin is rising while stocks are falling.
- **焦阳似火 · 2024-12-16T08:00:27.000Z · 👍 1**: New here, still learning
- **深圳没有富婆 · 2024-12-16T06:54:06.000Z · 👍 1**: Dare not chase the rally, still can't forget the last intraday plunge of 20-30 points 😂
- **Rabe · 2024-12-16T02:12:31.000Z**: Some big shots around me also say the same thing. They all hold stocks for the long term but remain very cautious. Learning in progress.
- **大川与青河 · 2024-12-16T01:41:23.000Z**: The upward trend of Bitcoin will definitely not change.
  - **复利魔方3650** (2024-12-16T01:42:46.000Z): The long-term uptrend remains unchanged, but the bull-bear fluctuations are huge. The rise of MSTR is a bit scary, and it's more important to catch the cycle right.
  - **大川与青河** (2024-12-16T01:44:48.000Z): I think BTC stock may be in a small upward trend this week, climbing along with BTC's momentum.
  - **复利魔方3650** (2024-12-16T01:47:47.000Z): You should first study the bull and bear markets in 2016, 2017, 2020 and 2021. Basically, they all dropped by more than 95%.
- **坏市况好投资 · 2024-12-16T01:36:56.000Z**: Magic Cube Bro, what's your take on this wave?
  - **复利魔方3650** (2024-12-16T01:41:48.000Z): Not sure, mainly watching the U.S. stocks. I'm reducing positions in crypto stocks in my other accounts.
  - **我看不懂了** (2024-12-16T02:14:14.000Z): Magic Cube bro, what stocks and cryptocurrencies have you traded?