Date: May 8th, 2018 5:53 PM Author: cordovan boyish locale
they think there are a handful of cryptos which will have trillion dollar market caps in the next decade
they are more interested in "alts" and less btc -- maybe partially due to the fact that as a big hedge fund, they can procure cheesecake terms for ICOs
Date: May 8th, 2018 6:21 PM Author: cordovan boyish locale
seems like theyre investing in a lot assuming a few will hit it big. its worth considering that big funds get YUGE discounts, so even cryptos that dont moon can yield gains
Date: May 8th, 2018 11:25 PM Author: cordovan boyish locale
agree partially.
their best trades aren't on coinbase, and they aren't really available to the average joe shmoe with 150k or whatever to invest. imagine a 50% ICO discount. the theme of 2018 is that these deals are increasingly becoming available only to big players. but yeah, it makes no sense for someone to invest in a bitcoin fund or whatever, unless they have issues with custody
Date: May 9th, 2018 10:37 AM Author: Appetizing low-t persian
Right, everyone knows that, but that is regime dependent. Doesn't work when people get wise to the ICO scam and stop buying up coins from insiders at 3-20x right after the ICO. Maybe that's next year, maybe it's 5 years from now.