President Donald Trump’s pro-crypto stance is believed to be encouraging US charities and universities to accumulate Bitcoin (BTC). A recent report by The Financial Times reveals that Trump’s promises to establish the US as a crypto powerhouse have prompted foundations and universities in the country to acquire the leading cryptocurrency by market capitalization. Notable educational institutions that are gaining exposure to the flagship digital asset include the University of Austin and Emory University in Georgia. Additionally, The Rockefeller Foundation, a philanthropy group, is considering increasing its holdings of crypto assets. Chun Lai, the Chief Investment Officer of The Rockefeller Foundation, stated, “We cannot predict the future of cryptocurrencies in 10 years. However, we do not want to miss out when their potential becomes significantly apparent… Cryptocurrencies are closely related to artificial intelligence and the digitization of the economy. They can prove useful if the economy becomes more digitized.” Chad Thevenot, the Senior Vice President for Advancement at the University of Austin, mentioned that the university sees investing in crypto assets in the same light as investing in other asset classes. He said, “We believe there is long-term value in crypto assets, similar to our belief in the long-term value of stocks or real estate.” The University of Austin, which recently opened, is establishing a $5 million BTC fund. However, some universities, such as the University of Nebraska, are adopting a more cautious approach towards digital assets. Brian Neale, the Chief Investment Officer of the University of Nebraska Foundation, stated that he does not plan to enter the Bitcoin and crypto market until clear regulations are established and more of his counterparts decide to invest in this asset class. He said, “I believe this administration has the ability to steer things in that direction. However, I do not think that the president of the United States issuing his own cryptocurrency will be the catalyst to push things into the mainstream.”