Why did the Stanford Student Investment Fund choose BTC as its first crypto asset investment?
Recently, the investment fund Blyth, operated by Stanford University students, allocated 7% of its portfolio to BTC.Source: zycrypto
Compiled by: Blockchain Knight
Recently, the investment fund Blyth, operated by Stanford University students, allocated 7% of its portfolio to BTC through BlackRock's iShares BTC ETF (IBIT), marking the fund's first investment in crypto assets.
Cole Lee, head of the Stanford University Blockchain Club, proposed the decision to invest in BTC this February.
It is noteworthy that the Blyth fund was established in 1978 to honor the legendary banker Charles Blythe.
The Blyth fund manages a consumable fund pool of up to $1 million for Stanford University, known for its successful strategies in investing in stocks, bonds, and other assets.
On Monday, Lee posted on X, justifying his investment based on ETF fund inflows, the crypto asset market cycle, and the prevention of "currency chaos and war."
Lee stated that Blyth's investment structure includes independent funds, allowing students to make investment decisions freely.
He further explained that the iShares BTC ETF is an excellent opportunity for Blyth to purchase its first crypto asset.
Lee added, "In February of this year, I recommended IBIT to the Blyth fund, which is operated by students and manages part of Stanford University's endowment fund. BTC now accounts for 7% of the portfolio."
"The ETF is BTC's IPO moment. Now, buying BTC is as easy as buying stocks."
Lee also predicted that a large influx of traditional institutions into the BTC space will occur by the end of 2026, triggered by the recent ETF approvals.
"Following Tesla and El Salvador's purchases of BTC in 2021, I believe that within two years, multiple governments and a dozen S&P companies will add BTC to their balance sheets."
Additionally, Lee stated that BTC's price range in this bull market will reach between $110,000 and $130,000. Compared to the current price, the potential upside is 140% to 180%, based on the completion of cyclical patterns.
Previously, Lee pointed out that a breakthrough above the $69,000 mark for BTC would lead to the liquidation of billions of dollars in short positions, intensifying upward volatility for BTC.
In a tweet on March 6, Lee added that leveraged long positions and accumulation would waver, subsequently pushing BTC upward under the guidance of ETF fund inflows.
"If BTC breaks above $69,000, it will indicate that BTC is likely to rise further."
Lee also emphasized the strong inflow into BTC and anticipated that this trend would continue and gain more momentum as BTC prices rise.
Notably, on March 4, BlackRock filed documents with the SEC (U.S. Securities and Exchange Commission) to include BTC in its Strategic Income Opportunities Fund, which manages assets totaling $36.5 billion.
Moreover, clients of Bank of America and Wells Fargo can now access BTC on demand.
At the same time, it has been reported that Morgan Stanley is also conducting due diligence on the increased spot BTC ETF on its brokerage platform.
These developments indicate that institutional interest in BTC is growing, which could further drive demand and price increases.
