Harvard University has made a big move recently; they actually invested a considerable amount of money in Bitcoin! Specifically, Harvard's super wealthy foundation (with over $53 billion) bought shares of BlackRock's Bitcoin ETF, purchasing 1.9 million shares worth $116 million. This is quite a large sum!

You might be wondering why a wealthy school like Harvard would invest in something that seems a bit mysterious like Bitcoin? Actually, this is quite interesting. Although most of Harvard's money is invested in major tech companies like Microsoft and Amazon (these are their largest investments), they started considering buying cryptocurrency as early as 2018. It seems that the financial managers at these prestigious schools are quite trendy.

Speaking of which, it's worth mentioning that Harvard's $53.2 billion fund is the richest among all universities in the United States! However, they are not the only university buying Bitcoin. This year, Emory University also purchased 2.7 million shares of a Bitcoin fund, making them one of the early adopters.

In fact, these Bitcoin funds were only approved by the U.S. Securities and Exchange Commission in January of this year, with a total of 11 firms, including BlackRock, receiving approval. Unexpectedly, within just a few months, the size of BlackRock's fund has surged to $86 billion, indicating that it's not just Harvard buying; many others are jumping on the bandwagon.

If you ask me, these prestigious schools are quite bold with their investments. The price of Bitcoin fluctuates wildly; most people wouldn't dare to touch it, yet they dive in with hundreds of millions of dollars. But then again, they have a lot of money, so a little loss doesn't scare them. If they make a profit, isn't that even better? For us ordinary folks, we can just watch the excitement; if we really want to invest like them, we better weigh our own wallets!