Frequent Bitcoin commentator and t-shirt salesman Anthony Pompliano told Bloomberg this morning that two Fairfax County, Virginia pension funds have gone in on Morgan Creek Digital’s new fund for cryptocurrency companies.
The funds represent $1.2 billion in assets for the pensions of police and other public workers in the county.
Investment in cryptocurrency companies will be the majority of the fund’s work, however.
Fairfax County’s police fund chief investment officer Katherine Molnar told Forbes:To safely manage the money, Morgan Creek needs to focus on companies not directly attached to the value of Bitcoin.
Morgan Creek Digital’s $1 million bet against the stock market as of yet has no takers, indicating that while some people speak strongly against cryptos, most people aren’t sure enough to put their money where their mouth is.
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