Investors are increasingly turning their attention to cryptocurrencies, evident from various surveys and stories reported by Pensions & Investments since the start of the year. To read more, go to pionline.com/crypto21.
Orange County eyeing cryptocurrency: Orange County Employees Retirement System, Santa Ana, Calif., is researching blockchain and cryptocurrency, OCERS' CIO Molly A. Murphy said at the $19.8 billion pension fund's March 24 investment committee meeting.
"It's not an investible idea at this point," Ms. Murphy said. But the topic has stayed in everybody's thoughts, she said, noting that Federal Reserve Chairman Jerome Powell had called it a speculative currency in recent congressional testimony, she said.
Ms. Murphy added it's good to know why people choose cryptocurrency as an alternative to traditional currency and what impact it will have on traditional currency.