Hostplus, an Australian industry superannuation fund, is looking into the possibility of giving its members access to Bitcoin and other digital assets, as reported by Bloomberg.
But yeah, Bitcoin is definitely gonna be the top pick for most folks.
What excites me about this news is the potential for more adoption if it kicks off in Australia. Jason Titman, the CEO of Australian crypto exchange Swyftx, mentioned, "Once one super fund steps up and offers crypto assets, it's likely that others will jump on board too." He pointed out that about 25% of Australians are keen for their super funds to include digital assets, and that number should grow as the market gets more regulated.
Bitcoin and crypto are just getting started, and there's plenty more adoption on the way.
Personally, I'm not optimistic when I hear about music rights being traded via digital tokens. It means either they're not serious about investing in Bitcoin and are only investing a small percentage, or it's a short-term idea, not something to be taken lightly like investing 5% as a reserve and not selling for years. Such ideas often fail.
This MUSICOIN was dead too but it is PoW, not token.
https://coinmarketcap.com/currencies/musicoin/
Developers are very flexible with their "initiatives" and "developments" to meet the needs in community but their projects can start with a lot of promising things and end with massive disappointments, painful experience with a lot of money lost by people who trust such altcoin white papers and creative ideas to bring music rights for example to cryptocurrency industry and tokenization.
I don't think any investment fund would seriously consider investing in PoW like Musicoin. I think they're talking about asset tokenization and other NFT-related things. both are bad investments.
Yep i'm thinking the same, most recent attempt of people tried to tokenize IP was through Story protocol with big funding and even getting as far as cooperating with some universities in the US, few months later it flopped hard.
Hoping if they want to tap into crypto access, they better be investing in bitcoin instead and not wasting time with all those shitcoins, digital music right, or whatever it is until there is battle tested product that actually be getting adoption.
Crypto is mostly a scam. Scammers use crypto, create their own worthless tokens to get rich, and dump them on people, because most people dont have the technical and economic knowledge to understand Bitcoin. People are often naive and driven by greed, which makes them easy targets for scammers crypto founders.
People still need time to learn about and understand Bitcoin. To truly understand it, you have to go down the rabbit hole of money itself ,explore what money really is, how it evolved over time, how banks were created, how fiat currencies came into existence, what fiat actually is, how it works, what inflation is, and how fiat quietly erodes your purchasing power.Only when you go deep into that rabbit hole do you start to really understand Bitcoin. At that point, you also begin to understand gold, and it becomes clear why its not crypto in general but Bitcoin specifically. And why, over time, the numbers areto keep going up.