Harvard University Increases Bitcoin Investment Over Gold, Signals Strong Confidence
- Harvard University’s Bitcoin investments rose from $117 million to nearly $443 million in Q3.
- The university’s allocation to gold ETFs increased from $102 million to $235 million during the same period.
- Harvard now allocates Bitcoin at a ratio of approximately 2-to-1 over gold.
- Spot Bitcoin ETFs experienced a net outflow of $87.77 million last week amid market uncertainty.
- Bitcoin price rebounded by over 2% in the last day, currently trading around $91,715.
Harvard University’s shift towards Bitcoin reflects its confidence amid the US dollar debasement trade, with a notable preference for Bitcoin over gold investments. The increase in BTC investment is significant as it influences other institutional players in the market.
With Bitcoin investments reaching nearly $443 million, Harvard demonstrates a clear commitment to digital assets compared to its gold ETF holdings of $235 million.(Source)
