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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.
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