Virginia Public Pension Fund plans to reinvest in cryptocurrency investments

Golden Financial has announced that two public pensions in Virginia are looking to invest directly in investments that will buy bitcoin and other cryptocurrencies and crypto derivatives. With the approval of their board of directors, the Fairfax County Police Retirement System (PORS) and the Fairfax County Employee Retirement System (ERS) will invest $ 50 million in the Parataxis Capital Management Fund. . Two retirees invested in blockchain in 2018, with ERS investing 0.3% ($ 10 million) in the Morgan Creek Blockchain Opportunity Fund and PORS investing 0.8% ($ 11 million). In their second year, they added an additional $ 52 million in investment.