I think those who have been following bitcoin for years have noticed that on every bull run there are messages that one or another pension fund invests in bitcoin.

South Korea, Norway, USA, Japan, Australia, and now the UK.

Moreover, I have not seen such messages in the bear market.

Why exactly do such serious organizations take risks on ATH and the subsequent decrease in the value of assets (because the price of bitcoin is cyclical)?

And do you think this is a great idea? How big are the risks?