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Anthony Pompliano continues to push pension funds to allocate capital to cryptocurrencies

June 22, 2020

As pension funds struggle with their funds, Morgan Creek Digital co-founder Anthony Pompliano continues to put pressure on them to add more Bitcoin to their portfolios.

In a letter to the investors Pompliano said that pension funds like the California Public Employees Retirement System (CalPERS) will do well to invest in Bitcoin instead of increasing their allocation to non-liquid assets. “It’s as clear as possible: adding an allocation to Bitcoin would increase risk-adjusted returns for a public pension fund.”Pompliano said.

Suggests that pension funds allocate between 1 and 5% of their Bitcoin portfolios. He added:

“And you want to know where the biggest innovation is going to take place? Bitcoin. There is a group of people who have built over $ 150 billion in wealth to take the position of the next global reserve currency. In this case, it is Asset with the best performance for the next 20 years. But even if that doesn’t happen, everything will be fine. “

Anthony Pompliano continues to push pension funds to allocate capital to cryptocurrenciesAnthony Pompliano continues to push pension funds to allocate capital to cryptocurrencies

Morgan Creek has long been committed to ensuring that more pension funds get a bitcoin allocation of at least 1%. CEO Mark Yusko said in January that if foundations had a 1% allocation five years ago, they would have received 9.2% alpha or portfolio performance compared to a benchmark than the 7.2% they actually had. in these times. To date, two Virginia pension funds have invested in Morgan Creek.

Morgan Creek isn’t the only industry player to see the potential for cryptocurrency growth in the bond world. Caitlin Long, founder and CEO of Avanti Bank, told Cointelegraph in April that the cryptocurrency and blockchain industry needs to demonstrate that they are solvent for large pension funds like CalPERS.