
Jakarta, Pintu News – Harvard University has further strengthened its position in the cryptocurrency market by increasing its investment in Bitcoin over gold.
According to Matt Hougan, Chief Investment Officer at Bitwise, the university is showing strong faith in Bitcoin by allocating twice as much money to Bitcoin as gold.
Harvard University has increased their investment in Bitcoin to nearly $443 million in the third quarter of this year.
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According to a report filed with the Securities and Exchange Commission, this increase puts Bitcoin above the stocks of major companies such as Nvidia , Microsoft, and Amazon . This increase reflects Harvard’s great confidence in Bitcoin’s long-term potential.
Investments in gold were not left out either, with allocations to gold ETFs increasing from $102 million to $235 million. Nonetheless, the proportion of investments in Bitcoin was much larger, showing Harvard’s clear preference for cryptocurrencies over gold.
Harvard Management Company (HMC) which manages Harvard’s endowment, owns 6.81 million shares of the iShares Bitcoin ETF (IBIT) managed by BlackRock. This makes Bitcoin the largest asset in their investment portfolio, with IBIT accounting for 21% of the total portfolio.

This decision caught the attention of traditional and crypto-focused investors as it could influence the decisions of other large institutions in the market. On the other hand, HMC also owns 0.66 million shares of SPDR Gold Shares (GLD) worth $235.10 million. This makes GLD the fourth largest asset after Microsoft and Amazon stocks.
Harvard Management Company’s total portfolio value is $2.10 billion, indicating strong diversification in their asset allocation.
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Bitcoin market dynamics are showing significant movement with Bitcoin price approaching $92,000 after rebounding more than 2% in the last 24 hours (8/12). Analysts predict that Bitcoin could reach $100,000 if it manages to break the key resistance zone between $93,000 and $94,000.
However, if Bitcoin price falls below $84,000, bearish sentiment could trigger a deeper drop. Meanwhile, gold prices also showed gains after a weekly decline, with the price per ounce rising above $4,210.

This rise comes after the highly anticipated Federal Reserve policy meeting, where markets are expecting an interest rate cut. History shows that interest rate cuts almost always support demand for gold.
Overall, Harvard’s investments in Bitcoin and gold demonstrate a strong diversification strategy and adaptation to global market trends. This decision not only affects the value of their assets but also signals to the market about the potential growth of Bitcoin and gold as investment assets in the future.
Harvard University increased their investment in Bitcoin to nearly $443 million in the third quarter.
Harvard allocates twice as much investment in Bitcoin as in gold, with Bitcoin at $443 million and gold at $235 million.
Bitcoin, through the iShares Bitcoin ETF (IBIT), accounts for 21% of Harvard Management Company’s total portfolio.
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