Cryptocurrency and Institutional Investors. The Numbers.

What is happening? California Public Employees’ Retirement System and New Jersey’s Common Pension Fund have invested in companies that make money by mining for Bitcoin. Fairfax Co. VA retirement system invested in blockchain. 33% of institutional investors have invested in cryptocurrency. For CalPers the investment is 4% of their funds.

Why is this important? 33% is an increase from 22% in 2019. 90% say they will invest within 5 years

How will this be important? Times are changing, Securities and Exchange Commission Chairman Gary Gensler signaled that crypto exchanges should register with the SEC 

Route Fifty | Why More Public Pension Funds Are Investing in Cryptocurrencies