Some universities on the east coast of the US have begun making small investments into cryptocurrency hedge funds, according to a lawyer in the industry. John Lore, the founder of Bitcoin 3 million Fund Law Group, told Business Insider: “We’re seeing some academic institutions getting involved on a limited basis for strategic reasons. Bitcoin keeps coming back in the headlines.
With any Bitcoin price change making news and keeping investors guessing. In countries that accept it, you can buy groceries and clothes just as you would with the local currency. Bitcoin is divorced from governments and central banks. It’s organized through a network known as a blockchain, which is basically an online ledger that keeps a secure record of each transaction and bitcoin price all in one place. Every time anyone buys or sells bitcoin, the swap gets logged.