Business
South Korea’s NPS Invests $34M in MicroStrategy for Bitcoin Exposure
In a notable move for global investment, South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, has purchased $34 million worth of MicroStrategy stock.
This strategic investment aims to gain exposure to Bitcoin through MicroStrategy, a company renowned for its significant cryptocurrency holdings.
The NPS’s decision reflects a growing trend among institutional investors to diversify portfolios with digital assets, highlighting Bitcoin’s increasing acceptance in traditional financial sectors.
This investment further underscores the evolving landscape of global finance, where public pension funds are beginning to integrate cryptocurrency as a viable asset class.
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
The Upcoming United State Presidential has caused USD to be weak due to the investors being cautious of the outcome. Meanwhile other countries are gaining strength in their currency and benefitting from this weakness. Euro and GBP keeps rising and gaining against USD.
Gold prices still remain stables despite the recent deadline and the Australian inflation keeps rising. Markets are now watching the political movement to serve as guidance.
Security Expert, Dr. Kingsley Aguoru has advised the Central Bank of Nigerian (CBN) and Economic and Financial Crimes Commission (EFCC) to stop the use of online transactions through Card Pins as it results to a security risk.
He emphasized the risks we can be exposed to, phishing and cyber threats, he states that the use of one-time passwords can serve as an aid in this to better the security.
The expert shares that pins are only safe when in use for ATM and Pos but not online, due to cyber risks. He expressed that information can be leaked from the continuous use of sharing pins online.
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