Yale’s $30 Bln Endowment Run by Investing Legend David Swensen Dips Its Toes in Cryptocurrencies

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    Yale’s David Swensen, who runs a $30 bln endowment, is now jumping feet first into cryptocurrencies by investing in Andreessen Horowitz and Paradigm, according to CNBC

Cover image via U.Today

Yale’s David Swensen, who runs a $30 bln endowment, is now jumping feet first into cryptocurrencies by investing in Andreessen Horowitz and Paradigm, according to CNBC. The exact amount of these investments could not be determined. Meanwhile, the representatives of the two venture funds declined to comment on the matter.

Wall Street titan Michael Novogratz, the CEO of cryptocurrency firm Galaxy Digital, immediately took to Twitter to call Swensen the world’s most influential investor whose decision to put money in crypto funds means that Bitcoin is a store of value.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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