The evolution of institutional perspective on Bitcoin tells quite a story. Back in 2018, Harvard's analysts were skeptical—betting it would sooner hit $100 than reach $100K. Fast forward to 2025, and Harvard has quietly accumulated $116M worth of Bitcoin, acquired at $116K per coin.

It's a striking reversal that highlights the unpredictability of market timing. Those who dismissed Bitcoin early missed years of gains. Meanwhile, institutions that initially hesitated are now positioning themselves, though at significantly higher entry points than early believers.

Bitcoin's journey from fringe asset to institutional portfolio staple didn't follow the doubters' timeline. The lesson? Markets have a way of proving skeptics wrong—just not always on their preferred schedule. Timing matters, but so does eventually getting in the game.