US foundations and university endowments are increasingly investing in cryptocurrencies, driven by President Trump's ambition to make the US a 'bitcoin superpower'. Despite volatility, crypto's strong performance has attracted investors, with institutions like the University of Austin launching a $5mn bitcoin fund and Emory University disclosing bitcoin ETF holdings. The Rockefeller Foundation is also considering increasing exposure, while Pantera Capital reports a surge in endowment and foundation clients.
US foundations and university endowments are ramping up their exposure to cryptocurrencies to join the digital assets rush prompted by President Donald Trump’s promise to make the nation the world’s “bitcoin superpower”. Crypto has far outperformed other asset classes over the past five years despite its high volatility, with many who have stood on the sidelines now jumping in for fear of missing out on the runaway price jumps.
“I have significant concerns about institutional investors getting into what is essentially a purely speculative financial asset and one that doesn’t provide very much hedging relative to other risky assets,” said Eswar Prasad, a professor at Cornell University. “Bitcoin seems to move up and down with the prices of other risky assets such as equities, but it’s much more volatile.
Technology CRYPOTCURRENCY INSTITUTIONAL INVESTORS ENDOWMENTS FOUNDATIONS DIGITAL ASSETS
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