CalPERS Cryptocurrency Debate: Will Giant Pension Fund Embrace Digital Assets?

The California Public Employees’ Retirement System (CalPERS), managing a staggering $506 billion in assets, faces a critical decision: should it invest in cryptocurrency? This internal debate within the largest public pension fund globally is attracting significant attention as candidates clash on this issue. The stakes are high: will CalPERS embrace the volatile world of crypto or stick to tried-and-true investment strategies? The upcoming board election in November promises to reveal a pivotal moment for institutional investors and digital asset adoption.