Why Yale Is Investing in Cryptocurrencies

The transcript discusses Yale University's investment in cryptocurrency, led by David Swensen, a pioneer in institutional investing. This move is seen as a significant endorsement of the crypto space, potentially influencing other endowments. Yale's history of innovative investment strategies, including alternative assets, is highlighted. The discussion also touches on the potential risks and hesitations smaller endowments might face in entering the nascent crypto market.

What is the significance of Yale's investment in the crypto space?

• It is a small investment with little impact.

• It is a move to divest from traditional assets.

• It is the first time Yale has invested in any market.

• It brings credibility and legitimacy to the crypto market.

Who is David Swensen and why is his involvement important?

• A pioneer in institutional investing leading Yale's endowment.

• A new investor with no prior experience.

• A tech entrepreneur investing in startups.

• A government official regulating crypto markets.

What might be a reason for smaller endowments' hesitancy to invest in crypto?

• They consider the crypto space too nascent and risky.

• They have already invested heavily in crypto.

• They have no interest in any investments.

• They are waiting for government approval.

What is Yale's historical approach to investing compared to other endowments?

• Yale avoids any form of investment.

• Yale only invests in real estate.

• Yale has always followed traditional stocks and bonds.

• Yale is known for its innovative investing model with alternative assets.

What is the current performance of Yale's assets under management?

• Yale's performance is declining rapidly.

• Yale has not disclosed any performance data.

• Yale is performing at 7.4% this year.

• Yale is underperforming compared to other endowments.