- Harvard buys $116 million Bitcoin at $116,000.
- In 2018, a Harvard economist declared BTC price would be $100 in a decade.
- Now, BTC is higher than $120,000 and moving to claim higher targets.
Reputed private Ivy League research university in Cambridge, Massachusetts, USA, Harvard University buys $116 million Bitcoin at $116,000. This is a momentous occasion for the crypto community as it watches a reputed institution eat its own words from 2018, when Harvard declared that Bitcoin was more likely to hit $100 than $100,000. The response from the crypto community states that everyone gets Bitcoin at the price they deserve.
Harvard Buys $116 Million Bitcoin at $116,000
Bitcoin has had an arduous journey since its inception in 2009. Bitcoin was created by the legendary Satoshi Nakamoto to eradicate the existing corrupt and centralized banking systems as we knew them. Nakamoto launched Bitcoin to give people a transparent, private, immutable, encrypted, and decentralized form of transacting value as a response for the 2008 financial crisis.
Bitcoin’s arrival took the world by storm and shook the traditional banking and financial relasm to their core. No longer did banks horde power, no longer did honest hardworkers have no information about the value they brought to the bank, Bitcoin decentralized power and put it in the hands of the people with faster speed and greater security. Soon, systems had to adapt or go obsolete.
Inspired by the Bitcoin philosophy, innovators and visionaries began to build, develop, and expand the web3 real with blockchain technology as their sword and shield. Soon, Bitcoin’s native and pioneer crypto asset BTC gained more and more value until holders saw their lives changing before their eyes, unlocking a path to financial freedom and generational wealth. However, amidst this revolution arose many naysayers.
As we can see from the post above, in 2018, when Bitcoin was trading between $6,000 and $14,000, an economist from the reputed Ivy League research institution, Harvard University, made an ignorant statement. In detail, the Harvard economist said that a decade from then, Bitcoin (BTC) was more likely to be $100 than $110,000. Now in 2025, BTC is past $100,000 and is expected to hit much higher highs soon.
Harvard Eats Its Own Words
What’s more, Harvard has gone on to buy Bitcoin of its own. As the post above confirmed, Harvard buys $116 million Bitcoin at the price of $116,000, when they could have bought BTC years ago at a much smaller price. The crypto community finds this very amusing, but is happy to see that Harvard now sees Bitcoin (BTC) for its true worth, a real asset offering real value. Most of the crypto community has been preaching that it is not too late to buy Bitcoin, and that hesitation will only ensure that everyone gets Bitcoin at the price they deserve.
