Following the reports about a legendary investor George Soros investing in cryptocurrency, Venrock, a limited liability venture capital firm owned by the Rockefellers, is allegedly looking into cryptocurrency projects and markets.
Where are the rumors coming from?
Venrock has earlier announced a partnership with Coinfund, an investor group focusing on cryptocurrency startups like Coinlist and the Kik messenger.
Also, David Pakman of Venrock, says the firm is in crypto for the long term, seeing the surrounding tech as transformative.
Why is it important?
The Rockefellers family doesn’t need an introduction in financial circles. Depending on the level of involvement, their support for cryptocurrencies might act as an additional signal for those concerned of industry long-term risks.
What can we learn from it
- First Soros, now Rockefellers – the crypto adoption among the most traditional investors gradually grows.
- Venrock team is aimed at “helping to architect a number of different crypto economies and crypto token-based projects”.