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Stanford University’s Blyth Fund Embraces Bitcoin
A group of forward-thinking students have dared to challenge the status quo by merging Bitcoin, the digital darling of the financial world, with academia. This follows after the Blyth Fund decided to allocate about 7% of its portfolio to Bitcoin.
Blyth Fund Finds Bitcoin
The Blyth Fund is a student-run investment fund named after the legendary banker Charles Blyth. Since its establishment in 1978, the fund has been a stronghold of traditional investment strategies. Although it typically invests in stocks, bonds, and some other assets, this will be the first time it is diversifying into crypto.
For what it’s worth, the decision to embrace Bitcoin as an investment tool was not made lightly. It came after months of research, debate, and soul-searching. That is after Kole Lee, the leader of Stanford’s Blockchain Club, had pitched Blyth Fund to invest in BlackRock’s spot Bitcoin ETF in early February.
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