Ivy league school Endowments buying into Crypto under your nose for up to 18-months!
Harvard, Yale, Brown Endowments Have Been Buying Bitcoin for at Least a Year. University endowments that backed blockchain VCs in 2018 have started buying crypto directly from Coinbase. CoinDesk broke this story...
Stealth Industrial Buying - has been taking place via University endowments. Which are pools of capital accumulated by academic institutions, often in the form of charitable donations. These funds, which support teaching and research, can be allocated into various assets for investment purposes. These funds can be HUGE in Capital! Some examples are Harvard’s is the largest university endowment with over $40 billion in assets. Yale has over $30 billion, Michigan has about $12.5 billion, while Brown holds $4.7 billion. Eye's Wide Open now, these are juggernauts which are bringing the wall of Money to Fruition!
Summary - Keep your eyes peeled as staid enterprises, large Universities are jumping on the Crypto Bandwagon. Another key foundation layer a wider adoption of Crypto not just as reserve assets but adoption.