I manage $40 million for clients. I don’t deal in fantasy with no underlying value.
So you don’t hold US dollar cash? What currency are you transacting in?
No offense intended, but at $40M AUM, you are following & capitalizing on trends, not making them.
If that's all you manage then you are correct to avoid speculation of any sort. Bitcoin was speculative and rising, now it is speculative and falling. Alternatives to bitcoin are more interesting, and even more speculative. That bubble is just starting.
So you dont deal in fiat currencies either?
“I dont deal in fantasy with no underlying value.”
Yet, you deal in the fiat dollar.
BTC is based on the assumption that all national governments are essentially libertarian in nature and will not simply crush anything that threatens their ability to collect taxes if it becomes big enough to be more than a nuisance. Keep thinking those good thoughts everyone.