Rockefellers Move into Cryptocurrency
George Soros was found to be investing in cryptocurrency. Now, Venrock, a 3 billion USD venture capital firm owned by storied American family, the Rockefellers, have taken to Bitcoin.
Who is the Rockefeller family?
The Rockefeller family is an American industrial, political, and banking family that owns one of the world’s largest fortunes. The fortune was initially made in the US petroleum industry during the late 19th and early 20th centuries by John D. Rockefeller and his brother William Rockefeller, primarily through Standard Oil. The family is also known for its long association with, and control of, Chase Manhattan Bank. The Rockefellers are considered to be one of the most powerful families, if not the most powerful family, in the history of the United States.
Rockefeller and Bitcoin?
Limited liability venture capital firm, Venrock (a compound of “venture” and “Rockefeller”), is turning its sights on cryptocurrency projects like Bitcoin , Ethereum and NEO . Famously an investment vehicle of the Rockefeller family, the focus for Venrock since its inception nearly half a century ago is technology and progress. Their investments are a laundry of list of dominant companies, from Intel and Apple, to AppNexus and StrataCom and many others. Cryptocurrency seems like a logical progression to this inversions
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.
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