大學和基金會跳入加密貨幣投資

美國基金會和大學的捐贈正在增加對加密貨幣的投資，這是由特朗普總統推動使該國成為“比特幣超級大國”的推動的。

Major US foundations and university endowments are ramping up their cryptocurrency investments as President Trump pushes to make the country the “bitcoin superpower.”

當特朗普總統推動使該國成為“比特幣超級大國”時，美國主要的基金會和大學捐贈正在加大加密貨幣投資。

The University of Austin is spearheading the initiative by launching a $5 million bitcoin fund for its $200 million endowment, marking the first time a university endowment has ventured into cryptocurrency with such a fund.

奧斯汀大學（University of Austin）通過以2億美元的捐贈來啟動500萬美元的比特幣基金來率領這項倡議，這標誌著大學捐贈基金首次冒險使用這樣的基金來涉足加密貨幣。

Meanwhile, Emory University in Georgia disclosed its holdings of bitcoin exchange-traded funds (ETFs) last October, becoming the first college to do so.

同時，佐治亞州的埃默里大學（Emory University）去年10月透露了其對比特幣交易所交易基金（ETF）的持股，成為第一家這樣做的大學。

The Rockefeller Foundation, which boasts a $4.8 billion endowment, is also considering increasing its crypto exposure, particularly if the industry manages to attract a more diverse user base.

洛克菲勒基金會（Rockefeller Foundation）擁有48億美元的捐贈基金會，也正在考慮增加其加密貨幣風險，特別是如果該行業設法吸引了更多樣化的用戶群。

Cryptocurrency venture funds, such as Pantera Capital, have also seen a surge in capital, with an eight-fold increase in endowment and foundation clients since 2018.

加密貨幣風險基金（例如Pantera Capital）也看到了資本的增長，自2018年以來，捐贈基金和基金會客戶增加了八倍。

Yale University and the University of Texas/Texas A&M Investment Management Company were among the early adopters of cryptocurrency investments, making small investments in crypto venture funds during the early 2020s.

耶魯大學和德克薩斯大學A＆M投資管理公司是加密貨幣投資的早期採用者，在2020年代初期對加密貨幣基金進行了少量投資。

However, some experts are raising concerns over the speculative nature and volatility of these assets.

但是，一些專家對這些資產的投機性質和波動性提出了擔憂。

Eswar Prasad, a professor at Cornell University, warned that institutional investors might be getting into speculative assets that are highly volatile and offer little hedging against other risky assets.

康奈爾大學教授埃斯瓦爾·普拉薩德（Eswar Prasad）警告說，機構投資者可能正在涉足投機資產，這些資產高度波動，對其他風險資產幾乎沒有對沖。

notably, cryptocurrencies have outperformed traditional assets in the past five years, with an index of the 10 most valuable cryptocurrencies gaining 64% annually, compared to 14.5% for US equities.

值得注意的是，在過去的五年中，加密貨幣的表現優於傳統資產，每年獲得64％的最有價值的加密貨幣指數，而美國股票的指數為14.5％。

Despite the challenges faced by cryptocurrencies, such as low adoption rates and regulatory uncertainty, some endowments are convinced of their long-term potential.

儘管加密貨幣面臨挑戰，例如低採用率和監管不確定性，但某些捐贈基於其長期潛力。

The University of Austin’s endowment plans to hold its crypto portfolio for at least five years.

奧斯汀大學的捐贈計劃將其加密貨幣組合持有至少五年。

Chun Lai, the Rockefeller Foundation’s CIO, also sees digital assets as valuable in the future, especially as the economy becomes more digitalized and integrated with artificial intelligence.

洛克菲勒基金會（Rockefeller Foundation）的CIO Chun Lai還將數字資產視為未來的價值，尤其是隨著經濟變得更加數字化並與人工智能融合在一起。

While some foundations are cautious and expanding their crypto portfolios slowly, others, such as the University of Nebraska Foundation, are waiting for clearer regulations and more widespread adoption before making any moves.

儘管一些基金會謹慎，並緩慢擴大其加密貨幣組合，但其他基金會（例如內布拉斯加州大學基金會）正在等待更清晰的法規和更廣泛的採用，然後再採取任何行動。