I found it interesting that what I consider a highly competent institutional investor like Swensen is investing into cryptocurrency founds for both start ups and established currencies like BTC and ETH. Source https://seekingalpha.com/news/3395410-yales-swensen-invests-crypto and https://www.cnbc.com/2018/10/05/yale-investment-chief-david-swensen-jumps-into-crypto-with-bets-on-two-silicon-valley-funds.html
Just a picture on the guys success:
“* Swensen, who manages Yale’s $29.4 billion endowment, has invested in two funds dedicated to cryptocurrencies, sources tell CNBC.”
"Swensen started at Yale in 1985 when the endowment managed just over $1 billion, according to its alumni magazine, which has also called him Yale’s “in-house Warren Buffett.”
And:
“Yale’s endowment returned an annualized 7.4 percent in the past decade and 11.8 percent over 20 years, according to its annual report. The fund gained 12.3 percent from June 2017 through June 2018, the university announced this week. Harvard University, with a $39.2 billion endowment, posted a 10 percent gain.”
While anyone can have a good investment in any given year I think growing annualized returns over such a long time period shows investment skills.
I think for the Crypto currency space in general it is both good and bad more smart money is flowing into the space. Again we will see some projects that are just simply money grabs, but I also think that for projects like Cardano we will see price appreciation that will allow the projects to get more mass adoption. Oh and my Daedelus/Yoroi/Infinito wallet would not mind either… What do you guys think? Is a price appreciation a good thing for Cardano currently and do you think more money is flowing into the space?