Harvard University's endowment fund has made a significant investment of $116 million in a Bitcoin ETF, with the purchase price around $116,000 💸. This move marks a notable shift in the university's stance on cryptocurrency, especially considering its previous skepticism.

Key Points:

- lnvestment Amount: $116 million

- Purchase Price: Approximately $116,000

- ETF Details: The specific ETF hasn't been disclosed, but it's likely one of the major Bitcoin ETFs like IBIT or FBTC

Harvard's Previous Stance:

- 2018 Prediction: Harvard researchers predicted Bitcoin was more likely to hit $100 than $100,000

- Shift in Perspective: The university's investment in a Bitcoin ETF suggests a change in its view on cryptocurrency's potential

Market Impact:

- Increased Adoption: Institutional investments like Harvard's could drive further adoption and legitimacy for Bitcoin

- Market Volatility: Cryptocurrency markets are known for their volatility, and investments can be subject to significant price fluctuations .#CryptoRally #AltSeasonComing #CryptoNewsFlash #Bulli #usa $SOL $BNB $SAGA