OPINION: A reader commented last week “over the long term bitcoin has proven far superior investment to any KiwiSaver fund.” Interesting challenge, is it true? Let’s compare bitcoin and KiwiSaver across ten metrics from returns to diversification, from tax to fees. Supplied Pathfinder Asset Management chief executive John Berry says comparing Bitcoin and KiwiSaver is almost “apples with oranges” and investors may decide both have a place. Unfortunately, zero bitcoin fees isn’t true. Just don’t expect bitcoin to be a low volatility, well-regulated, diversified and tax efficient retirement savings alternative to KiwiSaver – because it absolutely is not.

Source: Stuff August 08, 2021 17:00 UTC