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.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.