Pension Funds Dip Toe in Crypto Water with Investment into Blockchain Fund

The news last week that two of the core investors in the blockchain fund from Morgan Creek were pension funds set off quite the excitement in the market; CoinDesk took a deeper look at the investment and while the news is certainly good there should be tempered excitement; the two public pensions were actually part of the same investment program and only $3mn of the $21mn invested can be allocated to cryptocurrencies; the bigger potential for the market is the fact that’s public pensions across the country are falling short of meeting their liabilities; further investment could be around the corner as these funds need to take bigger risks to make up for the shortfalls. Source.