U.S. Pension Funds investing in cryptocurrency

in #cryptocurrency • 6 years ago

U.S. Pension Funds investing in cryptocurrency

In what appears to be the first ever instance of a pension fund investing in cryptocurrency, news articles and a public relations announcement by the investment firm appear to confirm that two pension funds in Fairfax County, Virginia have invested in Morgan Creek Digital Venture Capital Fund, which specializes in investing in blockchain companies and other digital assets.

This is great news because US pension funds have around 25 trillion dollars invested and if only 1% was invested in the cryptocurrency market it would be a huge push for prices to rise all over the cryptocurrency universe.

Sources:

  1. Bloomberg News: https://www.bloomberg.com/news/articles/2019-02-12/first-u-s-pension-funds-take-the-plunge-on-crypto-investing
  2. Bitcoin News: https://news.bitcoin.com/will-pension-funds-soon-be-investing-in-crypto/
6 years ago in #cryptocurrency by
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    • [-]
     6 years ago  

    When you upvote before 15 minutes you lose curation rewards. FYI

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     6 years ago  

    I was under the impression that only counts for your upvote on your own post.

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     6 years ago  

    I don't think so.

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    [-]
     6 years ago  

    I was under the impression that only counts for your upvote on your own post.

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     6 years ago  

    Do you like Partiko better than the computer steemit?

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    [-]
     6 years ago  

    That's some very bullish news for cryptos!

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    [-]
     6 years ago  

    Yes, I agree!

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      [-]
       6 years ago  

      That is indeed good news, I wish the US government can just cut the chase and state the rules for investing crypto instead of trying to discredit it or take control of it because the later method ain't working at all.

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      [-]
       6 years ago  

      Yes. We could use a national policy

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         6 years ago  

        Indded. Really this is a great news and thanks for shafing this

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        [-]
         6 years ago  

        This is a great gesture of confidence towards cryptocurrencies and a step forward for all investors.

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        [-]
         6 years ago  

        I agree!

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         6 years ago  

        Good news sir thanks for sharing.
        This is good for Crypto currency.

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        [-]
         6 years ago  

        Your welcome

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          [-]
           6 years ago  

          Awesome news for crypto investor.

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          [-]
           6 years ago  

          I agree.

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            [-]
             6 years ago  

            Hopefully it will be good news for the development of crypto currency..

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            [-]
             6 years ago  

            I hope so also!

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              [-]
               6 years ago  

              Good news for crypto currency user .

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              [-]
               6 years ago  

              Good news thank you

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              [-]
               6 years ago  

              I agree.

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