On Pomp’s podcast I talk about the musical chairs analogy. Sovereigns are playing a game of musical chairs and large institutional allocators- pensions, endowments, state plans, are playing another one. BTC makes the music stop. Yale just sat down.https://www.bloomberg.com/news/articles/2018-10-05/yale-is-said-to-invest-in-crypto-fund-that-raised-400-million …
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