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by klochner
3090 days ago
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No one seems to be talking about how venture investors have transformed into cryptocurrency hedge funds over the past year. The conversations you see from VCs has similarly changed - instead of talking about teams building enterprise value, you hear something that sounds more like speculative bubble FOMO language. Maybe i'm wrong, feels ominous. |
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It won't be long before investors try to find ways to triple their returns, scheming and repackaging begins akin to '08. Derivatives and CDO-esque shit. You know your 401k will in some way be underpinned by some vast quantity of poorly rated repackaged crypto assets.
And good luck with regulating this nascent market in Trump's America.