Bitcoin

$5.1 Billion Pension Fund CIO Joins Non-profit Dedicated to Driving Bitcoin Adoption

Cryptochronicle.xyz, a top crypto news site, reported that the Proof of Workforce Foundation, a 501(c)(4) tax-exempt nonprofit organization, has announced the addition of two distinguished members to its Board of Directors: Ajit Singh and Raphael Zagury. This announcement was made in a press release sent to Bitcoin Magazine. Singh, currently serving as the Chief Investment Officer of the Houston Firefighters Relief and Retirement Fund, brings his expertise as the first in the U.S. to add Bitcoin directly to its balance sheet in 2021. Singh has a background in managing global pension funds and expressed his enthusiasm for joining the Board of Directors to contribute to the mission of promoting Bitcoin adoption among workforce organizations.

Raphael Zagury, the Chief Investment Officer and Head of Research at Swan Bitcoin, also joins the board. Known for creating The Nakamoto Portfolio, an open-source software tool demonstrating Bitcoin’s impact on fund portfolios, Zagury’s experience in fintech and finance solidifies the Foundation’s position as a global resource for fostering education-based Bitcoin adoption.

Other notable members on the Foundation’s board include experts in law, energy, multimedia, and mining. The Foundation also mentioned that Josh and Dan of Blue Collar Bitcoin will be stepping down from the board but will remain involved with the organization. Proof of Workforce Foundation offers all its services at no cost and more information can be found on their website.

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