According to Wu Blockchain, Bitwise CIO Matt Hougan tweeted that Harvard University significantly increased its Bitcoin investment from $117 million to $443 million in the third quarter, while also raising its gold ETF allocation from $102 million to $235 million. Harvard has chosen to bet on the currency devaluation trade, and prefers to allocate Bitcoin over gold at a ratio of 2:1.
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According to Wu Blockchain, Bitwise CIO Matt Hougan tweeted that Harvard University significantly increased its Bitcoin investment from $117 million to $443 million in the third quarter, while also raising its gold ETF allocation from $102 million to $235 million. Harvard has chosen to bet on the currency devaluation trade, and prefers to allocate Bitcoin over gold at a ratio of 2:1.