Five major American universities have invested in the cryptocurrency. Media regard it as yet another sign of mass entry of institutional investors in kriptonyte.

Among the universities that invested in digital assets, included Harvard University, Stanford University, Massachusetts Institute of technology, Dartmouth College and the University of North Carolina. Investment, the amount of which is estimated at tens of millions of dollars, were made directly in bitcoin and cryptocurrency companies. It is reported that universities have invested through their funds.

This is not the first case when educational institutions are investing in digital currencies under this model. As reported by CNN, formerly of Yale College, managing the second largest University Fund after Harvard, transferred part of its assets for a total of $29.4 billion two cryptocurrency funds Andreessen Horowitz and Paradigm.

For the cryptocurrency market even these total investments — small contributions. However, the media believe that the fact that the cryptocurrency space come the universities with good academic track record will help to legitimize the industry.

“Step aside a portion of funds in the digital asset indicates a significant change in investor sentiment regarding a new asset class, in exactly the same way as investments in private technology companies in the last decade. Support for these tightly controlled institutions can help to legalize the cryptocurrency, which is still considered too risky by many institutional investors,” — said the journalist of the edition The Information, published information on the investments of the universities.

About the need to attract the attention of institutional investors in the cryptocurrency industry, many experts say. For example, billionaire investor Mike Novogratz (Mike Novogratz) suggested that many institutional organizations come to kriptonyte in the next 2-3 years, and this will cause explosive growth of the market. And in April a well-known captainvalor and former CEO of the Fund of the University of Chicago Ari Gender (Ari Paul), said that the majority of institutions interested in digital currency will enter the market once it will make such big players like Yale.

Recent research firm Fundstrat Global Advisor showed that more than half of institutional investors attitude towards cryptocurrencies and in particular to their course, positive. So 57% of them believe that bitcoin will increase in price by the end of 2019.