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:
“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.”
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.
Cryptocurrency investment opportunity expands
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.
Access More Cryptocurrency Insight and Information
For more details on the types of cryptocurrency and investing in the currency in a retirement account, download your free Guide to Digital Currency in an IRA.
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.
Join over 100,000 subscribers who receive investing and wealth-building news and education in their inbox.
You are leaving trustetc.com to enter the ETC Brokerage Services (Member FINRA/SIPC) website (etcbrokerage.com), the registered broker-dealer affiliate of Equity Trust Company. ETC Brokerage Services provides access to brokerage and investment products which ARE NOT FDIC insured. ETC Brokerage does not provide investment advice or recommendations as to any investment. All investments are selected and made solely by self-directed account owners.
By entering your information and clicking Get Started, you consent to receive reoccurring automated marketing text messages and emails about Equity Trust’s products and services. This consent is not required to obtain products and services. If you do not consent to receive text messages and emails from Equity Trust and seek information, contact us at 855-233-4382. Reply STOP to opt out from text messages. Message and data rates may apply. View Terms & Privacy.
