us pension fund crypto

Virginia Police Department has revealed their plan of investing a part of their pension fund to Morgan Creek’s Blockchain Opportunities Fund. In fact, they are also explaining why they are keeping faith in the newly evolved crypto and blockchain market. Analysts believe that this is the right time to enter the crypto market as it is going through a prolonged bearish phase.

The concerned Blockchain Opportunities Fund was intended to raise US$25 million. However, latest reports reveal that the concerned fund of Morgan Creek has been successful in raising US$40 million from various institutions including two pension plans of Fairfax County and other.   

What did Virginia Police Department say about Blockchain Opportunities Fund?

Jeff Weiler (Director of Fairfax County’s Retirement Systems) has given a detailed account of the total investment done by the Virginia retirement system in the Blockchain Opportunities.

He has said that US$21 million has been invested by the Virginia Police Department:

  • Employee’s retirement fund of Fairfax County invested US$10 million (it represents 0.3% of the fund’s total assets)
  • Police officer’s fund invested US$11 million (it represents 0.8% of the fund’s total assets)

Director of Fairfax County’s Retirement Systems made the post to assuage concerns cropping up due to the investment. Reports say the investment accounts for just 1% of the total assets of the fund. Moreover, the blockchain fund of Morgan Creek doesn’t invest in Bitcoin solely. Their investment portfolio includes blockchain companies such as Bakkt and Coinbase.

It needs special mention that investing in crypto exchanges are considered to be much safer than investing in cryptos. This is because of the fact that cryptocurrency values have less impact on cryptocurrency exchanges. No matter which direction the cryptocurrency market is heading (up or down), the exchanges earn commission from both direction of trade (long or short). That’s why this kind of investment is thought as safer investments.  

us pension fund crypto

Weiler has went on to say:

“All investments involve risk and this investment is no different. However, as they would do with any investment, Fairfax’s investment team determined that the expected returns from this investment were in line with the level of risk incurred. This also played a big part in how much was invested.”

He went on to add that:

“No more than 15% of the funds will be invested in actual cryptocurrencies and, to-date, the Fund has no exposure to any cryptocurrencies.”


To assuage the retirees about the concerns regarding investment in a bearish crypto market, Director of Fairfax County’s Retirement Systems Jeff Weiler gave figures to show the immense opportunity ahead. He said entering a bearish crypto market may look a risky play.

Jeff has assured that the fund is capable enough to navigate through these stormy seas. He went on to say that a slight recovery of Bitcoin from the current below-US$4,000 level to US$5,000 level will help the US Pension Fund to get a return of more than US$1.9 million.

Morgan Creek’s Anthony Pompliano reportedly believes that the Bitcoin will further correct from the current level of US$3671.6 to a level closer to US$3,000 or even below. In fact, that’s why the Blockchain Opportunity Fund hasn’t made any Bitcoin purchases yet.

This means that an upward movement of Bitcoin from a level of US$3,000 will give the US Pension Fund larger returns once the largest crypto starts its upward movement.

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