Ivy League institution Yale University is investing in Paradigm, a cryptocurrency hedge fund founded by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Pantera Capital veteran Charles Noyes. Yale’s endowment is the second-largest in higher education and is run by David Swenson, a world-class investment manager that began Yale’s endowment with a “meager” $1 billion. “This is really big news. David Swenson is the most influential investor in the world. By making this investment, he just said that bitcoin is a store of value.