Since we launched the Bitcoin Fund, Bitcoin adoption has continued to grow globally, with increasing participation from both everyday investors and large financial institutions. 

At the same time, Kiwi investors have become far more engaged with investing generally. More people are actively thinking about how their KiwiSaver plan is invested and want greater choice and control over their portfolios. 

We’ve also seen growing demand from members wanting higher Bitcoin allocation options within their KiwiSaver accounts. 

But Bitcoin is still high risk 

While we believe the long-term outlook for Bitcoin has strengthened, it remains a high-risk and highly volatile investment. 

Bitcoin has historically experienced large price falls - including declines of around 70% during market downturns - and we expect that level of volatility to continue in future. 

That means Bitcoin won’t be right for everyone. 

If you may need to access your KiwiSaver balance in the short term, for example for a first home, retirement, or financial hardship, it’s important to think carefully before investing a large portion of your balance into Bitcoin. 

Just because you can invest up to 20% doesn’t necessarily mean you should. 

Your investment decisions should reflect your own goals, timeframe, and comfort with risk. 

How to increase your Bitcoin allocation 

If you’d like to increase your Bitcoin allocation, you’ll need to make the change manually through the Kōura app or online portal. 

The update will not happen automatically. 

You can update your portfolio allocation by: