Blockchain
By Dan Saada
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It is a big deal on the news that Harvard brought the cryptocurrency. The Harvard University Endowment has invested in Blockstack’s crypto-token sale.
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The filing made to the U.S. Securities Exchange Commission (SEC) was listed with the designees of the affiliates of the Harvard Management Company, which included Charlie…
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Morgan Creek Digital’s Anthony Pompliano tweeted: “BREAKING: Harvard’s endowment invested $5M - $10M directly into Blockstack’s token sale.
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The fact that one of the leading University is comfortable holding cryptocurrency tokens is going to be a viral factor that will encourage beginner investors to invest in crypto.
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This is the first time where a major university has made a direct investment in a particular crypto token.
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Dan Morehead, the CEO of Pantera Capital, stated that the cryptocurrency industry is now empowered with the infrastructure to handle money from institutions.
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He said, "People have been talking about years on the impending institutional wave of money coming into the markets, and I think we now actually have the required conditions for…
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While cryptocurrency tokens have been considered to be risky, the investment from Harvard is likely to trigger a new line of thought among investors.
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Muneed Ali, CEO of Blockstack published, “Upon approval, the offering is expected to be the first SEC-qualified token offering of its kind.
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Of note, pension funds have already been invested crypto funds like Morgan Creek Digital per Tom Jessop.
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