Yale investor goes $300 million into cryptocurrency funds

Yale investor David Swenson, known for converting Yale’s endowment into a $29 billion fund has gone deep into cryptocurrency. Swenson is the chief investment officer at the school and his team has investing $300 million into Andreesen Horowitz’s crypto fund and has also invested in Paradigm crypto fund. This signals that more and more wall-street and conventional investors with large amounts of money pouring into the crypto arena despite the outward hostility for crypto. Even though J.P. Morgan’s CEO has said he has no taste for crypto himself, J.P. Morgan itself has built a worldwide payments system with 75 banks based on Ethereum. Even as they say they don’t like crypto, they are getting themselves into it and their actions speak to the coming crypto takeover.

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