Bitcoin Drops Below $63K; Japan Pension Fund Eyes Potential Investment

• Bitcoin has dropped over 10% in the past week to below $63,000; some view this as Bitcoin "going on sale" • The drop comes after huge growth in 2024 due to spot ETF approvals and upcoming Bitcoin halving • Japan's Government Pension Investment Fund, the world's largest pension fund, has requested information on Bitcoin for potential future investment • Other pension funds like Houston Firefighters Relief and Retirement Fund and South Korea's National Pension Service have already invested in or looked at Bitcoin • If Japan's pension fund invests in Bitcoin after reviewing information, it could significantly shift institutional views on Bitcoin as an investment