Harvard increased its bitcoin investment from $117 million to $443 million in the third quarter

Matt Hougan, chief investment officer at Bitwise, said Harvard increased its bitcoin investment from $1.17 billion to $4.43 billion in the third quarter. It also increased its allocation to gold ETFs from $1.02 billion to $2.35 billion. Consider this: Harvard decided to do a Debasement Trade, and its allocation to bitcoin was 2 to 1 for gold.