First Soros, Now Rockefellers’ $3 Billion Firm to Invest in Cryptocurrency

From News

Limited liability venture capital firm Venrock (a compound of “venture” and “Rockefeller”) is turning its sights to cryptocurrency projects and markets. Famously an investment vehicle of the Rockefeller family, the focus for Venrock since its inception nearly half a century ago is technology and science. Their investments are a laundry of list of dominant companies, from Intel and Apple, to AppNexus and StrataCom, among many, many others. Cryptocurrency seems like a logical progression.

Though the firm might not move the needle so much in crypto circles, at least at first, the family carries a certain cache with Americans. They’re best known for Standard Oil, which not only grew out of the late 19th and early 20th centuries to confer on the family previously unheard of levels of wealth, but was also subject to landmark Supreme Court decisions concerning monopolies. The family’s holdings are vast, as a tour of New York City would reveal: the Rockefeller Center, Museum of Modern Art, to the former World Trade Centers. They have also served in high government posts – from Vice President of the United States to Senator, and everywhere in between. Indeed a lasting tribute to the family’s incredible wealth is the very name itself being a synonym for outrageously rich.

What do the Rockefellers mean for the future of crypto currencies?

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Know as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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