New Report Shows Big Investments In Crypto By MIT, Harvard, Stanford And Other Universities

As you probably know, the biggest universities in the world have been ditching cryptocurrency and showing that they are transparent in regards to it, and always too careful. However, a new report is in the focus of the latest daily cryptocurrency news on our site – which actually proves the opposite.

As The Information first reported, a number of top-class universities and educational institutions – among which Harvard, Stanford, MIT (Massachusetts Institute of Technology), Dartmouth College and the University of North Carolina – have all invested in at least one cryptocurrency fund through their endowments.

This proves that institutional investors are now more active in crypto than any time before. The report cited an unnamed source familiar with the investments, as the publication reads. The five university endowments, according to it, sum up to tens of millions of dollars spent in these cryptocurrency funds – mainly in physical crypto assets as well as equity in crypto companies.

Right now, these universities remain silent on this – and have very little exposure to this asset class to date. However, the mere fact that they are engaging in this market says a lot about potential regulation and legitimization of the space.

As one journalist named Jon Victor from The Information reported:

“A move by endowments into funds that will directly bet on cryptocurrencies signals a major shift in investor sentiment toward the asset class, in the same way that institutions over the past decade became more willing to invest in private tech companies. Backing from such closely watched institutions could help validate cryptocurrencies, which are still considered too risky by many institutional investors.”

Currently, institutional investors are in the focus of the news – mainly for their ‘sober’ view towards crypto assets when compared to retail investors.