That’s everyone working in crypto now. If you’re buying and holding, you’re the “exit strategy” for these guys.
Anyone smart enough to work in finance is going to understand that Bitcoin is unregulated, so you can do lots of things that are illegal in regular markets. That means that the top “Bitcoin finance” guys are knowingly defrauding the market.
Would you want to invest in a something that was sold almost exclusively by smart unethical people? Also, it pays no dividends or interest (because it produces nothing).
I worked part time for a guy trying to make a new coin and earn bank on IPO. Same type of guy.
Unsurprisingly I ghosted them when I didn’t get paid. But he’s still got money and isn’t in jail so… meh.
That’s everyone working in crypto now. If you’re buying and holding, you’re the “exit strategy” for these guys.
Anyone smart enough to work in finance is going to understand that Bitcoin is unregulated, so you can do lots of things that are illegal in regular markets. That means that the top “Bitcoin finance” guys are knowingly defrauding the market.
Would you want to invest in a something that was sold almost exclusively by smart unethical people? Also, it pays no dividends or interest (because it produces nothing).