Harvard Doubles Down on Bitcoin and Gold

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Bitwise CIO Matt Hougan highlighted that Harvard University sharply raised its Bitcoin holdings from about $117 million to $443 million in Q3, while also increasing its gold ETF position from $102 million to $235 million. Harvard is effectively positioning for currency debasement, but clearly leans toward Bitcoin, favoring it over gold at roughly a 2-to-1 ratio in dollar terms. This shift shows growing institutional confidence in Bitcoin as a long-term store of value.