Bitwise CIO Matt Hougan tweeted that Harvard University significantly increased its Bitcoin investment from $117 million to $443 million in the third quarter, while raising its gold ETF allocation from $102 million to $235 million. Harvard chose to bet on the currency devaluation trade and favored allocating to Bitcoin over gold at a 2:1 ratio.
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Bitwise CIO Matt Hougan tweeted that Harvard University significantly increased its Bitcoin investment from $117 million to $443 million in the third quarter, while raising its gold ETF allocation from $102 million to $235 million. Harvard chose to bet on the currency devaluation trade and favored allocating to Bitcoin over gold at a 2:1 ratio.