Emory Becomes First University To Invest In Bitcoin

[m2017]

"This reportedly becomes the first time a university admits and reports owning BTC, with crypto enthusists thinking this is “impressive” for a university that is five times smaller than Havard."
_{Source: https://www.cryptopolitan.com/emory-university-owns-15-million-of-grayscale-mini-trust/}

I almost laughed out loud at this phrase (highlighted in the text). I would like to know who these crypto entquiasts were who considered owning a shares in Grayscale Mini "impressive". I am sure that no more or less experienced user on this forum will consider this event "impressive", because this news would have had a positive "response" from the BTC-community only if "The private research university in Atlanta, Georgia" bought bitcoins directly and had it in its own possession, and not in the form of dubious surrogates offered by Grayscale Mini. Or are the professors at this university so uneducated that they don’t know how and where to buy bitcoin, and even more so, how to store it?

[OcTradism]

I almost laughed out loud at this phrase (highlighted in the text). I would like to know who these crypto entquiasts were who considered owning a shares in Grayscale Mini "impressive". I am sure that no more or less experienced user on this forum will consider this event "impressive"
-snip-
Or are the professors at this university so uneducated that they don’t know how and where to buy bitcoin, and even more so, how to store it?

Bitcoin investors must identify their own biggest reasons why they move from central and commercial banks to Bitcoin. Why do they pick Bitcoin for their investment portfolios?

To be their own banks.
To control their funds by themselves.
All these are helpful for them to avoid losing funds by any black swan events, compromises on any centralized platform that later fail to compensate hacked fund to their customers.

If they understand it, as either a university, institutional investor or retail investor, they will do see vital practice of using open source non custodial wallets to store and secure their own bitcoins.

If they understand it, they will see spending money to buy shares of Grayscale Mini Trust is not impressive, but stupid and very risky.

Reminder: do not keep your money in online accounts

[joniboini]

I get what you mean but if we take that harsh stance and discourage loved ones from investing in bitcoin or advise people not to invest in bitcoin if they don't store bitcoin themselves. Do you think more people will invest in bitcoin and will bitcoin become as popular as it is today? I bet if there were no bitcoin ETFs, we wouldn't have as many people interested and invested in bitcoin as we do today.

Well, I'd try to give them some tips and tricks if they find it difficult to own their own Bitcoin. I don't think we should normalize them. Yes, I agree that money is on the table, but that doesn't mean we can't change anything to help people become their own banks. There are too many bank failures in my country, which should show that trusting a third party should not be their first option. The point is that if they buy ETF or something similar we need to make them realize that they don't necessarily own Bitcoin, whether they want to accept that risk or not is their own choice.

[kotajikikox]

No, owning a share in Grayscale’s mini trust doesn’t mean you actually own Bitcoin. You’re just investing in Bitcoin’s value. If you really own it, you’d have the key or at least the ability to withdraw it.

Regardless of the fact that they do not hold the keys to their own bitcoin, they still one way or another has invested in it. I am pretty sure that they bought bitcoin ETFs because of legalities and complexes that would need to be sort out. They bought the bitcoin under the university's name so who would hold the keys?

Anyway, I am curious where did they take the money from to invest in. Did they get it from shareholders or maybe what the students are paying them? If that is the case, did they announce this to the student body? They represent the whole community of students so it must make sense that the students also appreciate this move.

[Smack That Ace]

No, owning a share in Grayscale’s mini trust doesn’t mean you actually own Bitcoin. You’re just investing in Bitcoin’s value. If you really own it, you’d have the key or at least the ability to withdraw it.

Regardless of the fact that they do not hold the keys to their own bitcoin, they still one way or another has invested in it. I am pretty sure that they bought bitcoin ETFs because of legalities and complexes that would need to be sort out. They bought the bitcoin under the university's name so who would hold the keys?

It's funny how people admit and track the money flowing into the market through ETFs and brag that demand for bitcoin is high, but they deny that Emory University is an investor in bitcoin. I really don't understand what's going on with people. If we deny that people investing in bitcoin through ETFs are not bitcoin investors. We should also reject bitcoin ETFs and no money is flowing into the market and the demand for bitcoin is not as high as we are boasting.

So far, Bitcoin ETFs have bought nearly 1 million BTC and this number will soon surpass the amount of bitcoins Satoshi holds, if they are not bitcoin investors, then who are they?

Anyway, I am curious where did they take the money from to invest in. Did they get it from shareholders or maybe what the students are paying them? If that is the case, did they announce this to the student body? They represent the whole community of students so it must make sense that the students also appreciate this move.

They are open about their investments to the public, meaning everything is transparent and everyone agrees on decisions so it doesn't matter if it's shareholder money or student money. We just need to know that they have invested a large amount of money in bitcoin and they are bitcoin investors.

[john_egbert]

Anyway, I am curious where did they take the money from to invest in. Did they get it from shareholders or maybe what the students are paying them? If that is the case, did they announce this to the student body? They represent the whole community of students so it must make sense that the students also appreciate this move.

They are open about their investments to the public, meaning everything is transparent and everyone agrees on decisions so it doesn't matter if it's shareholder money or student money. We just need to know that they have invested a large amount of money in bitcoin and they are bitcoin investors.

Yeah, I do think that if it ever were to be shady, then they wouldn't be able to put such an amount of money in the shares in the first place  Hopefully, that wouldn't be the last case of such a deed done, even though, as it was pointed out, it isn't owning the BTC they put their money on..