Friday, November 2, 2018
LA Attorney, Now Cryptocurrency Mogul, Plans Blockchain Paradise In Nevada
In yet another story of a cryptocurrency millionaire looking to create their own, utopian society, former Los Angeles attorney Jeffrey Berns--who made his fortune on investing in the Ethereum cryptocurrency--has purchased a massive plot of land near Reno, and hopes to create his own utopian world of "houses, schools, commercial districts, and production studios", according to a profile in the New York Times. Berns is founder of Blockchains LLC, which recently spent $170M in cash to buy a huge lot in Storey County. Berns was most recently Managing Partner at the LA office of Berns Weiss. Berns is not the only LA area cryptocurrency mogul trying to create their own blockchain society; notably, a number of other LA cryptocurrency investors have set up shop in Puerto Rico, with similar ideas.