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Bitcoin [BTC]: US Pension Funds To Support $40M Bitcoin Venture Fund, says Morgan Creek Digital CEO

The idea of cryptocurrency’s union with major financial institutions took another major step forward with the announcement that Morgan Creek Digital has initiated the launch of a $40 million cryptocurrency venture fund which will be supported by two prominent public funds. This recent development will mark the first-ever involvement of U.S. pension funds in the virtual currency ecosystem.

Anthony Pompliano, the founder of Morgan Greek Digital recently made the announcement on social media.
He tweeted,

Source: Twitter

According to the announcement, the two largest investors in the multi-million cryptocurrency fund are the Fairfax County Employees and Fairfax County Police Pension Plans.
The two pension funds manage an asset portfolio with a combined net worth of a whopping $1.2 billion dollars. They have also become the first public retirement fund to invest in virtual assets, setting a new milestone in the crypto industry.

According to reports, the importance of these two public…

Read Full Story : AMBCrypto

2019-02-13 14:30:19

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