Universities’ Cryptocurrency Bond Is Getting Stronger By The Day Via Donations And Financial Backing
Digital Currency Donors Are Spreading Awareness About The Alt-Asset Industry In A Big Way
If recent news stories are to be believed, a whole host of digital asset owners have been donating their crypto holdings to established universities so as to help spread awareness regarding blockchain tech. In addition to this, it is also worth remembering that a number of ivy league colleges such as Stanford, MIT, Cornell, and Princeton are now accepting alt-coin donations from interested parties.
A More Detailed Look At This Blossoming Trend
When looked at closely, we can see that the above-mentioned crypto donation trend has been gathering a lot of momentum over the past few months. For example, a few weeks back, entrepreneur Mike Novogratz donated quite a bit of his annual cryptocurrency profits to Princeton’s Bridge Year Program. As a result of this charitable venture, more students of the prestigious university are now being given the opportunity to go and study abroad (in lesser-developed countries such as Bolivia, Senegal, and India for a period of nine months).
A recent Tweet by Novogratz reads as follows:
“Proud to put some of our crypto winnings (2017) to a good cause. A year living in a different culture can change your life for the better. Build bridges, not walls.”
Lastly, it is also worth mentioning that at the start of the year, New Haven-based Holberton School received a $10,000 worth BTC donation from Nathan Pitruzzello (Founder of the Scroll Network). Similarly, a couple of years back, the Echolink Foundation donated $50,000 worth of BTC to UC Berkeley.
Coinbase: “Students Are Flocking To Take Classes On Crypto And Blockchain”
In addition to the aforementioned wave of alt-coin donations currently sweeping the crypto world, it is also worth pointing out that the last 12-14 months have seen a massive spike in the number of blockchain oriented courses and subjects being offered by US-based educational institutions.
If that wasn’t enough, a number of Ivy League schools have also put large amounts of money into niche’s cryptocurrency funds recently (for example Yale has invested in the Paradigm project). To be a bit more specific, we can see that Yale’s aforementioned endowment is the “second-largest in its category”.
Other Key Pointers Worth Mentioning:
- The University of Michigan is currently supporting a cryptocurrency investment fund that is looked after by VC powerhouse Andreessen Horowitz.
- A few reports claim that MIT, Stanford, and Harvard have “significant investments” in various digital asset funds.
- A research report clearly states that a whopping 42 Percent of the globe’s Top 50 Universities are currently offering students with the opportunity to study crypto oriented courses.
- The above-stated report also mentions that a massive number of Ivy League schools are currently “invested in at least one or more crypto related investments”
- At the moment, Holberton School and MIT are providing their students with diplomas, degrees, and certificates that have been processed using a BTC-based system.
In rounding off this piece, it is worth noting that Cornell and Stanford currently lead all US-based universities as far as “elective classes related to cryptocurrency and blockchain technology” being offered to go.
Lastly, a recent report claims that the blockchain study course released by Stern Business School (which was started in 2014) now has more than 230 students as opposed to just 35 people when the program was launched.