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

  • Alex Dovbnya
    📰 News

    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


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

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.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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