Bitcoin, as an emerging digital asset, has not only attracted the attention of ordinary investors but has also caught the eye of academic and business leaders. Recently, there have been reports that several well-known universities have started to plan Bitcoin ETF, a phenomenon that has sparked widespread discussion.

The Bitcoin ETF held by Harvard University, valued at up to $116.6 million, ranks fifth on its asset list. Meanwhile, Brown University also holds a similar ETF worth $13 million, ranking third in its asset allocation. These actions undoubtedly demonstrate the recognition of top universities for the future development potential of Bitcoin.

However, the volatility of the Bitcoin market remains an important issue that investors need to face. Recently, within a single day, the Bitcoin price experienced a significant fluctuation from 118 to 122 and then back down to 118. This drastic price movement inevitably raises questions about the reasons behind it. Some believe that this may be the result of large funds manipulating the market, aiming to gain short-term profits or liquidate leveraged trades.

From a technical perspective, the reduction in positions around 122 aligns with market expectations, while the 1183-1185 range is seen as a potential entry opportunity. As long as the price does not fall below the support level of 1183-1180, most analysts remain bullish.

It is worth noting that not only academic institutions but also many business celebrities may hold Bitcoin. While we cannot know for certain whether entrepreneurs like Jack Ma or Liu Qiangdong hold Bitcoin, it can be speculated that with the popularity of digital assets, an increasing number of high-net-worth individuals may incorporate Bitcoin into their investment portfolios.

At the same time, institutional investors are continuing to increase their holdings of Bitcoin. According to reports, last week a Bitcoin financial company added approximately 5,000 BTC, further confirming institutions' confidence in the long-term value of Bitcoin.

Overall, although the price of Bitcoin may continue to fluctuate in the short term, in the long run, with the increasing participation of more institutions and individual investors, Bitcoin's position as a new asset class may be further consolidated. While investors focus on short-term market fluctuations, they should also think more about the role Bitcoin may play in the future financial system.