It's a First in the USA: Bitcoin Finds Its Place Among 200 Million Dollars! - Coin Bulletin

ABD Austin University included Bitcoin in a portion of the fund it created as a first among universities in the country with (BTC)

The University of Texas at Austin, making the decision to establish a $5 million Bitcoin fund, set a precedent among university endowments in the country. This fund is being created as part of the university's $200 million donation fund.

Austin University, by launching the first university fund investing in digital assets, has highlighted the increasing impact of cryptocurrencies in the traditional financial world. The fund managers of the university state that they took into consideration Bitcoin's outperformance of other asset classes in the past five years and the growing investor interest when taking this step.

They will hold Bitcoin for 5 years

Chad Thevenot, senior vice president of Austin University, said that the university plans to hold this Bitcoin fund for at least five years. Thevenot stated that they believe the fund offers long-term value like traditional investment assets. This strategy supports the idea that Bitcoin can be embraced as a store of value despite its volatile price movements.

Although some foundation and university funds in the US are still cautious about crypto investments, this move by the University of Austin indicates a transformation in the perspective of traditional financial institutions towards Bitcoin and other digital assets. In particular, the evaluation of alternative investments such as Bitcoin by major investment funds and universities could further increase institutional interest in the crypto ecosystem.

This move by the University of Austin reflects Donald Trump's attitude towards Bitcoin and cryptocurrencies after his return to the US presidency.