Bitcoin Marketcap
$1.84T
Gold Marketcap
$16.23T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.84T
Gold Marketcap
$16.23T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Coindesk is reporting that Harvard, Yale, Brown, and some other colleges & universities, have been purchasing BTC for their endowments, possibly dating as far back as 2019. Coindesk quoted one of their two sources as saying:
It could be since mid-2019. Most have been in at least a year. I would think they will probably discuss it publicly at some point this year. I suspect they would be sitting on some pretty nice chunks of return.”
Yale's CIO, David Swenson, made headlines in 2018 by investing in 2 crypto funds, though those likely had large equity components at the time, and weren't bitcoin specific. The move was widely regarded as reducing career risk for other managers who may have sought to make similar moves. If Coindesk's sources are accurate, that appears to have paved the way for several CIOs to directly add BTC itself to their organizations' endowments.
tldr