The expansion of the crypto market is driven by the transfer of assets from traditional markets. The interest shown by Silicon Valley and entertainment industry is huge. But the reluctance on Wall Street to go in big is relevant.
However, there is another section of the American society which is slowly but firmly embracing the crypto market. Not just with their good words but also with their good money. The American academic institutions are getting involved with the crytpocurrency.
They have already started to make small investments in the market. The nascent involvement comes mainly through crypto hedge funds. The phenomenon is concentrated mostly among the New England area and broadly to the East Coast.
But given the fact that this is the home of prestigious Ivy League institutions, the embrace of crypto is widening. The academic support is crucial for the further acceptance of the crypto in the American economy.
The lawyers from the hedge funds clarified that they can’t name their clients. They are bound by the attorney-client privilege. But the universities are putting their money in these funds for strategic reasons also.
The large scale involvement of the institutional investors is not going to happen anytime soon. But investors are putting small percent of their net worth in the crypto hedge funds. The academia is seen as the bridge between young fund managers and the desire to raise money.
The universities are very enthusiastic in their support of cryptocurrencies and Blockchain technologies. The prestigious ones are already offering courses in Blockchain tech and cryptocurrency markets. Cambridge and Oxford are already involved.
The Belarusian Technical University is offering a diploma course. Brazilian universities are offering Masters Courses. The icing on the cake is the Pyongyang University’s course in cryptocurrency.
The support of academia is crucial for the further expansion of the cryptocurrencies. The “in and out” system of American governance is ideal for the influence of academia to flow in future administrations in DC.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.