A revelation about a university’s investing suggests cryptocurrency investing may become more mainstream.
It was recently reported
that Harvard’s endowment, Harvard Management Company, holds tokens directly.
The endowment, which is the largest academic endowment in the world, bought into a token sale of Blockstack, a decentralized computing network, according to an SEC filing.
Harvard Management Company managers are not the only institutional investors considering cryptocurrency investing, according to Cryptonews
Cryptocurrency investment opportunity expands
“This past February, Cambridge Associates, a consultant for pensions and endowments, encouraged institutional investors to look more into cryptocurrencies. ‘Though these investments entail a high degree of risk, some may very well upend the digital world,’ the company, which reportedly works with institutions that collectively manage over USD 300 billion, said back then.”
As individual investors consider adding cryptocurrency to their portfolios, the asset class is becoming more accessible as more opportunities to invest become available. For example, self-directed IRA custodians including Equity Trust have introduced platforms that allow investors to buy or trade certain cryptocurrencies in their IRA
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Prior to making any investment decisions, please consult with the appropriate legal, tax, and/or investment professionals for advice. As a self-directed IRA custodian, ETC will not provide investment advice or risk assessment of any investment. The digital currency market may experience a high degree of volatility and clients should consult with an investment professional before any investment is made.