When Predictions Fail: Harvard’s $116M Bitcoin Bet

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Published: 18 Aug 2025 › Updated: 18 Aug 2025 When Predictions Fail: Harvard’s $116M Bitcoin Bet

When Predictions Fail: Harvard’s $116M Bitcoin Bet

In 2018, Cheang Ming of CNBC published that a Harvard economist predicted that after a decade, contrary to the $100,000 expectation, Bitcoin would most likely drop to $100. Seven years later, Harvard bought $116M in Bitcoin at $116,000.

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When Predictions Fail: Harvard’s $116M Bitcoin Bet