Investing in Bitcoin Is Like a Venture Capital Play, Virginia Pension Chiefs Say
Allocators from two Fairfax County plans favor managers with a ‘multi-strategy approach’ to both VC and cryptocurrencies.
Gaining exposure to cryptocurrency and blockchain technologies can be part of an overall venture capital (VC) play, rather than a direct investment strategy into a single asset, according to two public pension fund investment chiefs from Virginia’s Fairfax County.
The strategy has performed well for the investors, who have gained exposure to cryptocurrencies such as Bitcoin through investments in several private equity funds. The two allocators were quick to point out that they are investing in the underlying technology, rather than placing bets on which cryptocurrencies will rise to the top.
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