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.
