Alex Morris

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
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.

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