Stanford University’s Blyth Fund, managed by students, recently made a significant decision to allocate 7% of its endowment toward Bitcoin investments. This move, announced by Kole Lee, leader of the Stanford Blockchain Club, highlights the growing institutional interest in digital assets.
According to Lee’s announcement on X, Stanford Endowment purchased Bitcoin at $45,000 in February. In his pitch to the Blyth Fund, Lee emphasized the potential benefits of investing in Bitcoin, particularly focusing on ETF inflows, market cycles, and its role as a hedge against monetary instability and geopolitical tensions.
Lee expressed bullish sentiments, projecting a target price range of $110,000 to $130,000 for Bitcoin, citing continued inflows into the market and the potential for short-covering rallies once Bitcoin surpasses its previous all-time high of $69,000.
The Blyth Fund, established in 1978 in honor of banker Charles Blyth, is managed by students and oversees a significant portion of Stanford’s endowment. Alongside traditional assets like stocks and bonds, the fund has now diversified into Bitcoin, reflecting the evolving investment landscape and the growing acceptance of cryptocurrencies.
