These last few months have seen a boom in cryptocurrencies in the international financial market. With hundreds of large investors around the world launching into the purchase of Bitcoin, looking to take advantage of the huge profits generated by its last big bull rally. But it has not only been financial firms that have invested, since large universities also invest in Bitcoin, as Lark Davis points out in the Tweet of the day:
Universities enter Bitcoin
One of the data less known by the general public is that large American universities such as Harvard, Yale or Princeton, are not only educational institutions. If not, they also regularly make multi-million dollar financial investments, with which sources of income are ensured to maintain their activities. Diversifying your portfolios with various assets, ranging from bonds and stocks to real estate.
Thus, university investment funds are one of the favorite objectives of entrepreneurs looking for investors to start companies. Arriving at the curious situation in which the most famous universities in the world are also several of the most important capitalists in the market. So it was only natural that eventually these institutions would also enter the Bitcoin market.
In this way, it has been recently made known through a source familiar with the matter that Harvard, Yale, Brown, the University of Michigan, and other American universities have been buying cryptocurrencies through Coinbase for some months. With some educational institutions involved in the crypto market for at least 18 months. Just what Lark Davis highlights in his tweet:
«College funds have been quietly buying Bitcoin for the past year… Those sneaky dogs!».
The fact that universities also invest in cryptocurrencies should come as no surprise. Well, despite being attached to educational institutions, these funds operate independently and with purely monetary criteria. Therefore, it was unlikely that they would stop taking advantage of the multi-million dollar profits that the Bitcoin market is generating.