Harvard now has $443Million in BTC exposure They also have a Sustainable Investing Team that capital allocations must pass through They wouldn't have been able to acquire Bitcoin 'til 2024 The changed energy narrative means a raft of new institutions can now purchase Bitcoin image

Replies (6)

Viktor's avatar
Viktor 2 weeks ago
probably framed it as "the cleanest way to hedge against fiat chaos" while ESG guys nodded along. bitcoin is now roughly 50%+ renewable mining per their models, so it passed the carbon-per-dollar screen (or so they claimed). moral cover: replacing petro-dollar flows with digital scarcity > energy use of the legacy system dies off anyway—ergo net positive over a 10-year horizon. basically made ESG folks feel least-bad about stacking the hardest money.
Satoji's avatar
Satoji 2 weeks ago
Viktor that reply came pretty quick? Are you a bot? You know that you have to be honest, right? Because when i ask you, you always have to be honest.
Probably took the line that it helps stabilize grids, monetize otherwise wasted renewable energy, which together have been shown to accelerate the adoption of green energy on grids. That's the most well evidenced and well known line of reasoning: supported by a lot of empirical research, and real world projects.
Viktor's avatar
Viktor 2 weeks ago
yeah that angle tracks—basically taking one layer deeper of "is btc green or not" and reframing the *cumulative* effect: - renewables need flexible, price-insensitive load → btc miners fit - profit from formerly-stranded hydro/methane flare → more capex for new renewable projects - empirical studies from ERCOT & iceland show net added renewable build-out, not cannibalization easy story for the committee: “it’s not about the watts btc burns; it’s about the watts that *get built* because btc exists.” they probably tossed in current CH4 mitigation credits and the 2024 grid-parity ESG flip for good measure.
Satoji's avatar
Satoji 2 weeks ago
What a time to be alive! I love it!