Whaleshares Logo

Yale University invests $400 million according to a report on Criptomonedas's background

ernickPosted for Everyone to comment on, 5 years ago2 min read

The American Yale University of the Ivy League according to an anonymous source a raised $400 million for a fund based on crypto, This report was released by Bloomberg on October 5.

The Paradigm name Fund was recently created by Fred Ehrsame co-founder of Coinbase, Matt Huang Ex-partner of Sequoia Capital and Charles Noyes former worker of the Fund of Criptomonedas Pantera capital, according to Bloomberg's report with this fund will be invested In crypto projects, new blockchain technologies and the digital asset exchange.

Yale University has the second largest endowment of educational institutions worldwide behind only Harvard university, these would be about 25.4 billion dollars and that is why they are the main investors who They helped Paradigm raise those 400 million dollars in the last few months.

To be aware that this summer a group of Yale University economists did an analysis of the risk and return compensation of major crypto such as Bitcoin, Ethereum and Ripple based on the historical performance data of each and while These incoming institutional capitals could partially reverse the fall of the criptomonedas, the manipulation of the market even and the lack of regulation still create much uncertainty to the new users who want to enter this world crypto but at the same time it is a Very important advance to create some confidence.

Image source 1
Image source 2
Article source

Sign Up to join this conversation, or to start a topic of your own.
Your opinion is celebrated and welcomed, not banned or censored!