A number of major American universities, has invested several million dollars in Bitcoin, said the head of the law firm Capital Fund John Laura. According to entrepreneurs, the transaction is considered as the arrival on the market of institutional investors, said the entrepreneur. It is reported by CCN.
When to grow the cryptocurrency market
Laura did not disclose the names of universities, citing commercial secrecy. According to him, private universities have large amounts of money and usually invest in startups, large corporations, precious metals and other high-yield assets, which in the future can bring serious profit.
The head of the Capital Fund noted that the sums invested are relatively small compared to other investments of universities. Educational institutions while only exploring the market, trying to determine whether it is reliable and safe.
Laura noted that institutions prefer to invest only in safe assets. To the government’s decision regarding the regulation of digital assets and the emergence of safe havens, protected from hacking, large investors will not come to the stock market.