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(Bloomberg) -- Australian pension and wealth firm AMP Ltd. has become one of the nation’s first large retirement managers to invest in cryptocurrency products, allocating about A$27 million ($17.2 million) to Bitcoin futures. The fund “took the plunge and made a modest allocation to bitcoin” earlier this year, AMP Senior Portfolio Manager Steve Flegg said in a LinkedIn post this week. A spokesperson for AMP said the investment was in Bitcoin futures, adding that there are no plans to increase th

A new report says investing more than 2% sharply increases risk.

Among the many seeing notable improvements in price were Chainlink (CRYPTO: LINK), with a rise of almost 21% from 4 p.m. ET. More than a few investors, it seems, continue to believe there's more upside with other coins and tokens. Meanwhile, president-elect Donald Trump provided his latest signal that the incoming administration would be relatively crypto-friendly.

Ethereum remained the blockchain with the most devs, and the overall population of software builders in crypto was flat, the VC firm said in its annual survey.

Altcoins as a group outperformed bitcoin, with AVAX and LINK leading sector gains.

Bitcoin's decentralized technology is changing finance, enabling AI transactions, and creating limitless economic possibilities.

The hedge fund founder said that gold and bitcoin are more favorable investments than bonds.