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So, you are in charge of a coin investment fund. What would you do?
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<p>[QUOTE="GoldFinger1969, post: 16877658, member: 73489"]Understood, Mr. B, I enjoyed this back-and-forth debate. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><b>The #1 problem with this is what just happened with the Blackstone REIT: </b> you can't invest in ILLIQUID assets and have a LIQUID investment vehicle.</p><p><br /></p><p>This is compounded by the fact that the asset class -- coins -- <b><span style="color: #0000ff">maybe has a market cap of a few billion dollars </span></b>for the most popular coins in top condition....and you want to open it up to a 1-time flow of a large amount of money...OR....continual flows of money.</p><p><br /></p><p>That's like asking a giant stock fund like Fidelity Contrafund or Magellan at its peak decades ago to invest in a microcap stock <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />...they can't, it's too small for them.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 16877658, member: 73489"]Understood, Mr. B, I enjoyed this back-and-forth debate. :D [B]The #1 problem with this is what just happened with the Blackstone REIT: [/B] you can't invest in ILLIQUID assets and have a LIQUID investment vehicle. This is compounded by the fact that the asset class -- coins -- [B][COLOR=#0000ff]maybe has a market cap of a few billion dollars [/COLOR][/B]for the most popular coins in top condition....and you want to open it up to a 1-time flow of a large amount of money...OR....continual flows of money. That's like asking a giant stock fund like Fidelity Contrafund or Magellan at its peak decades ago to invest in a microcap stock :D...they can't, it's too small for them.[/QUOTE]
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So, you are in charge of a coin investment fund. What would you do?
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