Raised $61 million, Morgan Creek pre-launched a second blockchain fund

According to Cointelegraph's October 23 report, Morgan Creek Digital has raised $61 million for its second blockchain fund to explore investment opportunities in the distributed ledger space.

Screen Shot 2019-10-23 at 2.34.03 PM (Source: pxhere )

On October 18th, cryptocurrency asset management company Morgan Creek submitted its second blockchain fund application to the US Securities and Exchange Commission (SEC), which has raised nearly 61 million from 11 investors. Dollar.

The document shows that the fund was first issued on October 16 and the current fundraising is still in progress.

In an exclusive interview with Cointelegraph, Morgan Creek co-founder Anthony Pompliano said the fund's ultimate goal is to raise $250 million and plan to make a new round of financing in December this year, with the end of the first quarter of 2020. A round of financing.

Pompliano told Cointelegraph that the two major investors who invested in their first blockchain fund more than doubled their investment in the new fund. And said that the police pension and employee pension in Fairfax County also participated in the fund's investment:

We believe this is the first hospital system in the United States to participate in the blockchain fund WakeMed.

He continues to say that Morgan Creek will continue to use their first fund's investment strategy, and they are currently looking for startups and funding to support their growth.

Bitcoin prices will reach $100,000 by 2021.

Cointelegraph reported in July that Mark Yusko, founder, CEO and chief information officer of Morgan Creek Capital Management, said the cryptocurrency market is in the next bull market cycle, adding:

The price of Bitcoin will be able to reach the level of 30,000 US dollars, and the market will then have a certain callback; by 2021, the price of Bitcoin will reach 100,000 US dollars.

Yusko has been very optimistic about Bitcoin and predicted that the cryptocurrency will reach a high of $400,000 at some point in the future.