His name is David Swensen - and he just decided cryptocurrency is the next big thing. He's so sure of it, Yale has now invested into two cryptocurrency-focused funds.
The first of those funds is "Paradigm" which was started by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang.
The second is a fund controlled by Silicon Valley venture capital firm Andreessen Horowitz.
Swenson's ability to predict what's next currently has Yale's endowment fund out performing every other university in the nation.
"The University’s endowment is now valued at a record $29.4 billion — a $2.2 billion increase from last year’s previous record of $27.2 billion. Yale’s Investments Office has traditionally been the top performer among its peer institutions." according to Yale's official school newspaper.
Also important to note, where Swensen goes - others follow!
It's reasonable to expect this will trigger other large investments into the cryptocurrency markets from other university endowments.
Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco News Desk
