the Two large us pension funds, a rise in the crypto industry. As of Tuesday morning, in support of the two public pension funds have a crypto-venture capital Fund worth 40 million US dollars. It is the first investment from American pension funds in virtual currencies. Others will follow?
Selim Baykara
14. February 2019 BTC$3,599 K,18 0.01% part Facebook Twitter LinkedIn xing mail
In the case of the two pension funds, which are registered in the state of Virginia, is a Fund for police officers and employees of the Fund, together the funds manage around $ 1.2 billion. The pension funds participate in a new venture capital Fund, the company, Morgan Creek Capital. The majority of the capital is invested in companies in the Blockchain industry, including Coinbase and Bakkt. A portion of the money flows but also in crypto-currencies such as Bitcoin and Ethereum.
pension funds to invest in crypto-industry and Bitcoin: “a Lot of potential for the future”
Anthony Pompliano, founder of Morgan Creek Digital, said in an interview with Bloomberg, that it is not the short-term profit, but long-term prospects.
Smart investors don’t let the price distract, but look at longer Trends.
Anthony Pompliano
In the institutional world, the Conviction, that the crypto-industry mountains, in the future, still a lot of potential.
From the pension Fund for police officers came in similar tones.
We believe that it is important to seize this opportunity, especially since the Fund has an attractive asymmetric risk-return profile,
Katherine Molnar from the Fairfax County Police Officer’s Retirement System. Originally, the crypto should raise Fund capital in the amount of 25 million US dollars. In addition to the two pension funds and an insurance company, a University Foundation and a private Foundation are involved.
Read also: Bitcoin more secure than the banking system? Massive Datenleak in the case of Indian Bank raises questions
Bitcoin is too insecure? Institutional investors> yet restrained <p The inroads that the pension Fund could have a model character for the entire industry. In the past, institutional investors were investing in the crypto-industry is more cautious, since the virtual space is considered to be uncertain and volatile. The investments were made, therefore, so far, rather on a smaller scale, in order to check whether crypto-currencies are good as a means to diversify the investment portfolio. One of the exceptions is the American Yale University, which invested in October 2018 and $ 400 million in a crypto-Fund.
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