Morgan Creek Capital Brings Pensions to the Blockchain
13 February 2019 - 4:38AM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
February 12, 2019 -- ADVFN Crypto NewsWire -- Some investors
are just too risk-averse to consider cryptocurrencies a worthwhile
investment. That’s something we have all heard before, right? Until
today, this proclamation seemed to ring true time and time again,
over the course of the crypto market’s history. Then came Morgan
Creek Capital with a significant announcement early this
morning.
Even if you do not know Morgan
Creek Capital, you probably still know Anthony Pompliano, at least,
if you have spent any time on Crypto Twitter. Pompliano or “Pomp”
has essentially set himself up as a sort of crypto version of
Warren Buffet, with a lower, yet still high net-worth.
Crypto investors trust him and his
predictions related to the future of the industry. With that in
mind, especially since they made their $1 million bet on crypto
over the traditional stock market, it seems like Morgan Creek has
been gaining closer and closer to being considered amongst the
leaders in crypto investing.
Lending credence to that
possibility is the fact that today, it was already announced that
Morgan Creek has attracted two pension funds as investors to its’
newest venture fund, which is now worth $40 million. The
interesting part about this is that not only are the two funds
worth more than $5 billion combined, they represent the chief
retirement fund for police officers in Virginia and the chief
retirement fund for employees in Fairfax County,
Virginia.
If state governments support such
investments, even though they literally risk the livelihood of
thousands of state employees, how long will it take for national
government agencies to follow suit? Related to this, how high will
Morgan Creek rise?
Will it be far enough to finally
garner a response from Warren Buffet?
By: BGN Editorial Staff
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