The Ivy Leagues Have Been Buying Bitcoin

Plus record stablecoin volumes

Happy Tuesday Blockfolians!

The Lede

Here’s a juicy report from CoinDesk sources: for the past year, some of the most storied institutions in American academia have been quietly buying bitcoin.

Harvard, Yale, Brown and the University of Michigan have all been allocating from their massive endowments. The source anticipates that these endowments will begin discussion their allocations later this year.

Important to note: these institutions aren’t just influential in the academic world. These multibillion dollar endowments are run by some of the savviest money managers out there - money managers who many of their peers and colleagues listen to.

As we’ve said before, 2021 is just getting started.

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Community Commentary

Wow throwback
How will ESG stocks involve bitcoin and crypto?

A Really Big Number We Should Be Paying Attention To

$237B

That’s stablecoin volume for January so far - a new all time high


Final Thought

Seriously