大学和基金会跳入加密货币投资

美国基金会和大学的捐赠正在增加对加密货币的投资，这是由特朗普总统推动使该国成为“比特币超级大国”的推动的。

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

当特朗普总统推动使该国成为“比特币超级大国”时，美国主要的基金会和大学捐赠正在加大加密货币投资。

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.

奥斯汀大学（University of Austin）通过以2亿美元的捐赠来启动500万美元的比特币基金来率领这项倡议，这标志着大学捐赠基金首次冒险使用这样的基金来涉足加密货币。

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

同时，佐治亚州的埃默里大学（Emory University）去年10月透露了其对比特币交易所交易基金（ETF）的持股，成为第一家这样做的大学。

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.

洛克菲勒基金会（Rockefeller Foundation）拥有48亿美元的捐赠基金会，也正在考虑增加其加密货币风险，特别是如果该行业设法吸引了更多样化的用户群。

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.

加密货币风险基金（例如Pantera Capital）也看到了资本的增长，自2018年以来，捐赠基金和基金会客户增加了八倍。

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.

耶鲁大学和德克萨斯大学A＆M投资管理公司是加密货币投资的早期采用者，在2020年代初期对加密货币基金进行了少量投资。

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

但是，一些专家对这些资产的投机性质和波动性提出了担忧。

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.

康奈尔大学教授埃斯瓦尔·普拉萨德（Eswar Prasad）警告说，机构投资者可能正在涉足投机资产，这些资产高度波动，对其他风险资产几乎没有对冲。

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，在过去的五年中，加密货币的表现优于传统资产，每年获得64％的最有价值的加密货币指数，而美国股票的指数为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.

尽管加密货币面临挑战，例如低采用率和监管不确定性，但某些捐赠基于其长期潜力。

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

奥斯汀大学的捐赠计划将其加密货币组合持有至少五年。

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.

洛克菲勒基金会（Rockefeller Foundation）的CIO Chun Lai还将数字资产视为未来的价值，尤其是随着经济变得更加数字化并与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.

尽管一些基金会谨慎，并缓慢扩大其加密货币组合，但其他基金会（例如内布拉斯加州大学基金会）正在等待更清晰的法规和更广泛的采用，然后再采取任何行动。