Bitcoin Global News (BGN)

February 22, 2019 -- ADVFN Crypto NewsWire -- Yesterday, we posted on the subject of the shift in portfolio strategy that crypto funds are experiencing because of the bear market. Today, on the heels of the announcement that Pantera Capital will be following Morgan Creek Digital into the world of endowments and pensions, CoinDesk broke the news that earlier this week, the University of Michigan decided to invest in the crypto world once again.

Reportedly, they had effectively already pledged $3 million from their principal endowment fund in 2018, though since the fund is valued at $12 billion, their initial move into crypto a relatively minimal amount of risk. As of now, the exact amount of their planned 2019 investment into Andreseen Horowitz’s crypto fund, which is the same one they contributed to last year, has not been specified.

It is reasonable to assume that this year’s investment could be larger, if Pantera and Morgan Creek Digital’s recent fundraising is taken into account and yet, at the same time, matters are far from certain in this regard.

Given the fact that Andersen Horowitz already trusted by other universities like Yale as a reliable authority on crypto investing, it would seem that their fund is more likely to experience large investments from universities than others. Simultaneously however, as CoinDesk’s article today reminds us and as we suggested above, Morgan Creek Digital and Pantera can be said to stand on the same footing.

However all of these factors shake out, it appears that 2019 will truly be the year of institutional investments, though it is currently difficult to say how large they will grow as time goes on. Perhaps companies like Cambridge Associates, which advises endowments on their investments, will continue to be major players as this saga develops.

By: BGN Editorial Staff