Bitcoin Updates: Harvard’s Investment in Bitcoin Challenges Previous Doubts as More Institutions Join
- Harvard University tripled its Bitcoin stake in IBIT, now holding $442.8M in the ETF, making it the fund's 16th-largest holder. - The move defies past skepticism from Harvard economists like Kenneth Rogoff, who once predicted Bitcoin would fall to "$100 rather than $100,000". - Institutional adoption grows as Abu Dhabi's Al Warda and Emory University also boosted Bitcoin ETF holdings, despite recent market volatility and outflows. - Harvard's 0.6% Bitcoin allocation in its $57B portfolio highlights crypt
Harvard University has significantly expanded its investment in
This move by the university's endowment stands in contrast to previous doubts expressed by Harvard economists. Kenneth Rogoff, a former chief economist at the IMF and a Harvard professor, once forecasted that Bitcoin would be valued at "$100 rather than $100,000" within ten years. Yet,
Harvard's strategy reflects a wider movement toward institutional involvement in crypto. Abu Dhabi’s Al Warda Investments, a sovereign wealth fund, also
These conflicting market signals have fueled debate among experts. Vincent Liu from Kronos Research described the recent withdrawals as a "risk-off reset" amid global economic uncertainty, while some analysts see the current prices as attractive entry points.
Harvard’s bold move into Bitcoin highlights the increasing acceptance of cryptocurrencies among major institutional investors, despite ongoing regulatory and market uncertainties. With its Bitcoin investment now accounting for 0.6% of the university’s $57 billion endowment, Harvard’s actions could pave the way for other large endowments to follow suit. As the market continues to fluctuate, the coming weeks will reveal whether institutional backing can steady the market or if more turbulence is ahead.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blockchain Betting's Legal Challenge: Is It Considered Gambling or a Derivative?
- NBA star Tristan Thompson advocates blockchain-based sports prediction markets, aligning with DeFi's potential to transform fan engagement. - Kalshi faces legal scrutiny as a federal judge questions whether its event contracts qualify as derivatives under U.S. commodity laws. - Blockchain startups like Ideosphere and Portage Biotech explore prediction markets for scientific funding, leveraging tokenized assets and staking revenues. - Regulatory ambiguity over derivatives vs. gambling risks stifling innov
From Spectator to Participant: How Prediction Markets Are Transforming the Way Fans Interact with Sports
- NBA star Tristan Thompson predicts prediction markets will boost sports viewership by integrating real-time betting into broadcasts. - FanDuel launches a standalone app with CME Group , offering sports and economic prediction contracts while addressing regulatory and consumer protection concerns. - Polymarket partners with UFC and NHL to introduce live prediction scoreboards, transforming passive viewing into interactive trading during events. - Growing industry adoption by Google, Yahoo Finance, and pla
Federal Judge Blocks Trump’s Attempt to Pressure UC Through Funding
- A federal judge blocked Trump's plan to defund UC over antisemitism claims, citing First and Tenth Amendment violations. - The $1.2B funding demand and civil rights investigations were deemed coercive tactics to suppress "woke" academic views. - UC warned the financial threat would devastate its research programs, while critics called the strategy authoritarian. - The ruling preserves UC's funding but leaves unresolved tensions over government influence in higher education.
Ethereum News Today: Ethereum’s Unyielding Approach: Shutting the Door on Centralization
- Ethereum co-founders release "Trustless Manifesto" on blockchain to reinforce decentralization amid ecosystem centralization risks. - Document encoded in ownerless smart contract emphasizes self-custody, public verifiability, and rejecting convenience-driven centralization. - Warns against AWS outages and hosted RPCs creating single points of failure, citing 25% throughput loss on Coinbase's Base chain. - Critiques Paradigm's growing influence and institutional staking risks, proposing DVT to mitigate ce
Trending news
MoreCrypto prices
More
