How do ECB President Lagarde and US Treasury Secretary Yellen feel about cryptocurrencies? Both warn of a lack of regulations, but are not fundamentally opposed to digital money.

Tesla’s entry into Bitcoin made waves. For many, it is only a matter of time before other large US corporations follow suit. Is Amazon Coming Next?

So far, any attempts to launch a crypto ETF have come across granite at the US Securities and Exchange Commission. It now remains to be seen whether the latest price high will prompt regulators to rethink.

Kroger subsidiary Smith’s Food, one of the largest retail chains in the US, has stopped accepting Visa payments. Reason are too high fees. Pomp responds promptly and senses a chance for Lightning.

Monopolies, as you learn in business studies, are never good. The resulting market power can usually be skimmed off by the adept monopolist to the detriment of consumers. The result is often poor service at high prices. Correspondingly salutary is competition.

Because Bitcoin and others endanger existing monopolies, there are nice stories here and there that further nourish the crypto narrative.

That’s what happened in the USA. As Visa’s transaction processing fees appear to have gradually increased, the largest grocery chain in the US Kroger has now pulled the plug: Smith’s Food & Drug Stores, a Kroger subsidiary, no longer accepts payments made with Visa credit cards.

Two major US pension funds are entering the crypto industry. As announced on Tuesday morning, the two public pension funds support a crypto venture capital fund worth $ 40 million. This is the first participation of US pension funds in virtual currencies. Will others follow?

The two pension funds that are registered in the state of Virginia are a fund for policemen and an employee fund – together the funds manage around 1.2 billion US dollars. The pension funds are participating in a new venture capital fund of Morgan Creek Capital. The majority of the capital is invested in companies from the blockchain industry, including Coinbase and Bakkt. But part of the money goes into cryptocurrencies like Bitcoin and Ethereum.

Pension funds invest in crypto industry and Bitcoin: “Great potential for the future”

Anthony Pompliano, founder of Morgan Creek Digital, told Bloomberg that this is not about short-term profit, but long-term prospects.

   “Smart investors can not be distracted by the prices, but look to longer trends.”

Anthony Pompliano