In 2018, Harvard economist Kenneth Rogoff expressed skepticism about Bitcoin's potential, stating it was more likely to hit $100 than $100,000 within a decade. Contradicting this forecast, by 2025 Bitcoin's price has surged past $116,000. Reflecting this dramatic shift, Harvard University has acquired approximately $116 million worth of Bitcoin, holding around 1,000 BTC through an exchange-traded fund (ETF). This move marks a notable milestone in institutional adoption of cryptocurrency, indicating growing acceptance among major endowments, hospital systems, pension funds, and charitable foundations. The acquisition underscores Bitcoin's evolving status as a significant asset in institutional portfolios.
Harvard economist Kenneth Rogoff in 2018: Bitcoin is more likely to hit $100 than $100,000 within a decade. Harvard University in 2025: Holds over $100 million in a Bitcoin ETF, with Bitcoin trading above $100K. https://t.co/7Uc4YeSe9z
CNBC article from 2018 Bitcoin was $11.5k at the time Bitcoin is at $116k today Harvard bought $116m of BTC this week https://t.co/eqpQOaSaJe
FUN FACT: In 2017 Harvard said Bitcoin is more likely to hit $100 than $100K. 2025: Harvard buys $116 Million worth of Bitcoin All roads lead to Bitcoin. https://t.co/SUtB6j2lAf