Harvard Embraces Bitcoin: Witness Their Remarkable Journey
Main Idea
Harvard University, which once doubted Bitcoin's potential, has now invested $116.7 million in BTC ETFs as Bitcoin's price exceeds $118,000, marking a significant shift in institutional perspective.
Key Points
1. In 2017, Bitcoin reaching $20,000 was seen as risky, and Harvard Prof. Kenneth Rogoff predicted Bitcoin would likely fall to $100 by 2028 rather than reach $100,000.
2. By 2025, Bitcoin's price has surpassed $118,000, and Harvard University has invested $116.7 million in BTC ETFs, holding 1.9 million IBIT shares.
3. Harvard's investment positions it as the 29th largest among 1,300 major IBIT ETF investors, with its Bitcoin holdings now exceeding its $100 million SPDR Gold Trust assets.
4. Brown University has also invested in Bitcoin, indicating broader institutional acceptance.
5. The article contrasts Harvard's earlier skepticism with its current substantial investment in Bitcoin, highlighting the asset's growing legitimacy.
Description
Bitcoin's valuation crossing $100,000 might have seemed absurd in the past. Harvard once deemed BTC falling to $100 more probable than reaching $100,000. Continue Reading: Harvard Embraces Bitcoin: Witness Their Remarkable Journey The post Harvard Embraces Bitcoin: Witness Their Remarkable Journey appeared first on COINTURK NEWS .
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