In early March Katharine Wooler, the Managing Director of Dacxi, the digital asset exchange, commented on she anticipates high demand "from pension investors underwhelmed by current returns and keen to diversify a small proportion of their portfolio into reputable blue-chip cryptocurrencies such as Bitcoin, Ethereum and Litecoin."
She continued: "If our own customer base is anything to go by, it tends to be a slightly older crowd, compared to the typical millennial crypto fans, and we have seen a number of baby boomers cashing in their pension at the point of retirement and purchasing crypto."
Additionally, Rico Cachucho, a Partner at Hoxton Capital Management, noted: "It is just a matter of time until crypto assets become a greater part of the pension landscape, and the wait is not too far away.
"Investment consultants, the gatekeepers that advise pension schemes on where to invest billions of pounds of assets, have begun taking a closer look at bitcoin following its recent surge in value."
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