Swedish Pension Funds Invest in Cryptocurrency

Cryptocurrency is not a typical investment, and neither the government nor a bank backs it. On the other hand, cryptocurrency is not controlled by a single organization and works on its own. Price changes significantly quickly because it depends on how much people want it on the market. Because of this, it is only suitable for some investors and should only be considered one option in a portfolio with many different types of investments.

No details have been given about how many shares have been bought or sold. When DN looked at the funds’ semi-annual reports, Xinhua said they painted a dire picture of their investments in the bitcoin industry.

The Swedish pension funds have bought shares of Coinbase, whose share price has decreased along with the bitcoin price. The cost of one bitcoin has dropped by about 70% this year.

Claes Hemberg is an economist who says it’s hard to predict how cryptocurrency will affect the economy.

There are three parts to the Swedish pension system: a pension from the government, a pension from your employer, and your savings. Your national public retirement is based on how much you earn in Sweden throughout your life. You put more money into your national public pension every year you work and pay taxes. is a great resource for trading and investing in bitcoins.

If you decide to work longer, your pension payments will go up every month for the rest of your life. This is because the pension is paid out for a shorter time, and you still work and put money toward your pension. Your assistance is also affected by how much wages go up in Sweden and by the premium pension plan you choose for yourself.

If born between 1938 and 1953, you could get an extra pension on top of your regular public pension. If you were born before 1937, your federal public assistance would include guaranteed pensions, a supplement pension, and an income pension supplement. If you were born after 1937, a guaranteed pension would not be part of your national public pension.

Your national public pension could get more money for the first four years of your child’s life. This is something else you can get. If you adopt your child, you can get a pension for the first four years of the child’s life or until the child turns ten, whichever comes first. This child will no longer be able to join when he or she turns 10.

If you are over 65, live in Sweden, and get a small pension, you can apply for a housing supplement to help you pay your bills. If someone you care about dies, you can get assistance. This money is meant to help you compensate for the loss of income you would have had as a survivor.

Pensions often include a national public pension from the government, an occupational pension from the employer, and personal savings. The state pays the national public pension. You might only get your full retirement once you apply for it by yourself.

You can choose when you want to start getting all or part of your national public pension, but you can only do this after you turn 62. Beginning in 2026, the age limit will slowly increase to match the fact that people live longer on average. If you want to, you can work until you’re 68. You can work longer hours if you and your boss talk about it.

When you turn 65, you can get a pension from your job. For others, you will need to fill out an application to get paid. Please get in touch with the company in charge of your workplace pension so you can find out what rules apply to you. When you start taking money out of your retirement will significantly affect how much money you end up with. The national public sector will keep giving you a pension for as long as you live. You can get money from your workplace pension and your savings for a certain time.