Yale University Delves Into Cryptocurrency Market

U.S. Ivy League school Yale University has allocated money.

According to reports, the fund has raised around $400M from investors such as Yale University.

Yale is 2nd largest higher education endowment in the US & generally thought to be the most prestigious.

The virus is spreading and no one can stop it 🚀. - Pomp October 5, 2018.Paradigm, according to Noyes, plans to invest the money into early-stage cryptocurrency projects, new blockchains, and exchanges.

Some say that Yale's endorsement of Paradigm could bolster confidence in the fund, and in the cryptocurrency market as a whole, since Yale's endowment manager David Swensen has a track record for savvy investing.

As CNBC points out, the two investments represent a tiny portion of the billions that Swensen is managing, but a successful return on that investment could convert some market holdouts into crypto investors.

Bitcoin, in particular, has gone down in market value 50 percent, and the entire cryptocurrency market has dipped 63 percent, according to data pulled from coinmarketgap.com.

Fears over the lack of consistent regulation in the crypto market also have investors worried they'll sink millions into digital assets only to have it vanish in the wake of a hacking attack or market collapse.

Market experts are predicting that Bitcoin has hit its bottom and will make a comeback.

Makers of cryptocurrency accessories like cold wallets have built-in extensive security measures to keep digital assets from being stolen.