Harvard Purchased a Cryptocurrency!

Harvard University has recently bought into a token sale. Blockstack reported to the the SEC that Harvard invested in their cryptocurrency. The university bought about 95,833,333 Stacks Tokens. This is the first case in which an educational institution has directly invested in a digital currency. Investors have forecasted that many institutional investors would eventually jump on the bandwagon. In a recent report, Grayscale has stated that 66% of all investments stemmed from institutional investors, just in the last year. Many analysts are claiming that digital assets have the capacity to handle insitutional investments.
Tokens are typically more risky to invest in, compared to your conventional digital assets such as Bitcoin. This is all because of tokens’ survivability in the market. Blockstack was most likely an interest to Harvard, because it was the first token to be certified with the US SEC. The profits of Blockstack’s token sales, will go toward developing its decentralized computing platform and ecosystem. Many other investors have also participated in token sales such as Morgan Creek Digital.

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