Group 1 - Harvard disclosed a reduction of 1.46 million shares in BlackRock's iShares Bitcoin Trust (IBIT), decreasing its position to approximately $265 million [2] - Simultaneously, Harvard opened a new position of 3,873,044 shares in BlackRock's iShares Ethereum Trust, valued at roughly $86.8 million [2] - The total combined spot crypto ETF exposure for Harvard at the end of the quarter exceeded $352 million [2] Group 2 - Harvard initially disclosed a $116 million position in IBIT in August 2025, which tripled to around $350 million by November before the recent reduction [3] - The move to sell Bitcoin and invest in Ethereum suggests a strategic shift, with analysts indicating that ETH may be undervalued compared to BTC [4] - The decision reflects a broader trend where Ethereum is increasingly recognized as a significant asset alongside Bitcoin, with BlackRock showing more interest in ETH [5][7] Group 3 - Major institutions are now monitoring the BTC/ETH ratio to inform their portfolio decisions, indicating confidence in the longevity and potential growth of both assets [7] - Bitcoin is viewed primarily as a store of value, while Ethereum is considered a productive asset with multiple return drivers, including its role in smart contracts and infrastructure [8]

FLIGHTIVE. AND BOBBY JOINS US NOW FROM CRYPTO STORAGE. I WONDER IF YOU'RE ABLE TO EXPLAIN OR RUN BACK THE RECENT PRICE ACTION WE'VE SEEN IN BITCOIN.BOBBY: YES, BITCOIN PRICE IS VERY VOLATILE AND A LOT OF IT IS DUE TO TRADING, NOT INVESTMENT BUT SOME ARE TRADING ON THE SPOT EXCHANGES, DERIVATIVES, FUTURES, AND YOU SAID THE OPTIONS MARKET AND FUTURES MARKET. SO WITH A LOT OF LONGS AND SHORT POSITION, IT BECOMES A VERY VOLATILE ASSET ESPECIALLY NOW WE SEE THE BULL MARKET IS OVER AND WE'RE IN FAIR MARKET TERRIT ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. David Marcus, co-founder and CEO of Lightspark, said on Tuesday that Bitcoin (CRYPTO: BTC) is superior to gold, and the federal government should consider rotating a small portion of its bullion reserves into the apex cryptocurrency. Marcus’ Bold Suggestion During an interview with Bloomberg TV, Marcus said he’s all for selling gold to buy Bitcoin for the Strategic National Reserve. “Bitcoin is so much b ...

Core Insights - Bitcoin is increasingly viewed as a practical tool for wealth building rather than just a theoretical technology, serving as a store of value for users [2][3] - The primary global issue Bitcoin addresses is the challenge of building wealth, especially as traditional methods like home ownership become less accessible for younger generations [3][4] - Bitcoin's role is expected to remain as a long-term store of value, rather than a medium for everyday transactions, even with potential price increases [5] Wealth Building Perspective - Younger investors, particularly Gen Z, are turning to Bitcoin as an alternative to traditional wealth-building tools, as home ownership is becoming less attainable [4] - Bitcoin is seen as a key tool for future generations to build wealth, providing a disciplined approach to savings [4] Liquidity Strategies - Crypto-backed lending has gained popularity among Bitcoin holders, allowing them to borrow against their Bitcoin holdings without selling the asset [6] - This strategy enables users to access liquidity while preserving the value of their Bitcoin investments [6] Market Position - Bitcoin's identity as a long-term store of value is strengthening in a landscape where traditional wealth-building avenues are narrowing [7]

Core Insights - Bitcoin is transitioning from a peer-to-peer currency to a store of value, as indicated by a significant decline in network activity and active addresses [2][3]. Group 1: Bitcoin Network Activity - There has been a 42.6% decline in Bitcoin's active addresses since 2021, suggesting a shift in usage patterns [2]. - Bitcoin's exchange supply ratio has decreased significantly since January 2023, indicating a reduction in liquid supply as investors prefer to hold rather than trade [2][3]. - The Mean Coin Age of Bitcoin has increased by 16% since January 2023, further reflecting a trend towards HODLing [4]. Group 2: Bitcoin's Performance - Bitcoin's performance in 2025 has not supported its image as a reliable store of value, with a 4.23% decline from the start of the year [6]. - In contrast, physical gold-backed cryptocurrencies have seen substantial growth, with increases over 70% this year, highlighting their role as effective wealth preservers [7].

Core Viewpoint - Bitcoin is presented as a superior store of value compared to gold, with four key advantages that make it more appealing as an investment asset [1][4][13]. Group 1: Comparison with Gold - Gold has historically been the preferred store of value due to its rarity and other qualities, but it has limitations that Bitcoin addresses [2][3]. - Bitcoin has a fixed supply of 21 million coins, while gold continues to be mined, raising concerns about future supply [5][6]. - Bitcoin is more fungible than gold, as it does not require purity verification for each unit [7]. Group 2: Unique Advantages of Bitcoin - Bitcoin is impossible to counterfeit due to its unhackable open-source code, unlike gold which, while difficult to counterfeit, is not immune [10]. - Bitcoin offers superior portability, allowing for instant transfers across long distances without the need for physical handling [12]. - Despite Bitcoin's higher volatility compared to gold, it is viewed as having greater long-term potential upside [12][13].

Group 1: Gold Market Dynamics - The price of gold reached a record high of $4,462.10 per troy ounce, marking a 69% increase year to date, significantly outperforming the S&P 500's 17% rise [1] - Factors driving gold's rise include political instability, low interest rates, and the decline of Bitcoin, reinforcing gold's position as a safe haven asset [1][5] - Analysts suggest that the current economic environment, characterized by a weakening labor market and potential interest rate cuts by the Federal Reserve, is favorable for gold [3][7] Group 2: Bitcoin's Decline - Bitcoin's narrative as a reliable store of value has faltered, with its price dropping from a high of approximately $125K to a low of $84.2K, a decline of 34% [4] - The collapse of Bitcoin has led anxious investors to seek refuge in gold, further boosting its demand [5] Group 3: Economic Policies Impacting Gold - The potential for a $2,000 "free money" giveaway by the Trump administration is expected to devalue existing currency, making gold more attractive [6] - The ongoing fiscal deficits projected at $1.8 trillion to $1.9 trillion over the coming years, combined with existing national debt of $38 trillion, contribute to the depreciation of the dollar, which is beneficial for gold [7]

In the last 30 days, the only ones that have bought and there areund well 164 with countries included 164 of these DATs. You you've got the ones that actually bought some was strategy El Salvador uh Eric Trump's company American Bitcoin Pro Cap Cananan Anop DDC that's seven hypers scale 11 12 13 14 only 14 out 164 bought and out of those 164 you had Exodus sell 245 Satsuma Tech sell 579 that's it I just can't wrap my head like if you believe in Bitcoin and what it what it what it's supposed to do what it co ...

In the last 30 days, the only ones that have bought and there areund well 164 with countries included 164 of these DATs. You you've got the ones that actually bought some was strategy El Salvador uh Eric Trump's company American Bitcoin Pro Cap Cananan Anop DDC that's seven hypers scale 11 12 13 14 only 14 out 164 bought and out of those 164 you had Exodus sell 245 Satsuma Tech sell 579 that's it I just can't wrap my head like if you believe in Bitcoin and what it what it what it's supposed to do what it co ...

Core Viewpoint - Bitcoin's recent price pullback has raised questions about its role as a reliable store of value in investment portfolios, especially as it has not consistently behaved like a safe haven asset during market volatility [1][2]. Group 1: Bitcoin's Performance and Market Behavior - Bitcoin's sharp decline from its record high has erased its year-to-date gains, leading to skepticism about aggressive price targets for the cryptocurrency through 2026 [1]. - The narrative of bitcoin as "digital gold" is challenged when it behaves like a risk asset during equity market downturns, undermining its perceived value as a safe haven [2]. - Historical performance shows mixed results; for instance, during the "tariff tantrum" in April, bitcoin performed well amidst stock market volatility, capturing investor attention [3]. Group 2: Recent Market Trends - In contrast to its previous performance, bitcoin recently experienced a significant sell-off alongside weakness in technology stocks, indicating a lack of decoupling from traditional risk assets [4]. - The extent of bitcoin's decline was notably greater than that of the overall stock market, further complicating its narrative as a digital store of value [4].