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I work in finance and there are a lot of fund managers praising their own business with an upside of up to 15 % p. a.

More likely to be 10-ish. They lock up your capital for 3 to 5 years facing serious penalties if you break the contract. It all got very bad liquidity.

And then I sit there with my Bitcoin in self custody, saying nothing. Operating 24/7 with global liquidity and minimal fees to move it around and/or sell.

And they all think they are the “risk off” posibility.

#bitcoin #tradfi #legqcy #grownostr

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Discussion

Hurvajs Rumcajs 11mo ago

Must be fun to meet these people and just laugh silently, at least for a while.

HolySats 11mo ago

It’s kind of funny as you know that they didn’t pass their ego test yet. Well… most of them.

And it’s also challenging to play the game with them because everything I do, I consider with Bitcoin in mind. And most of those companies I see are good in just one thing: making magic with numbers.

I don’t really get most of their plans… like this company, buying a huge comercial center for millions of EUR for a 5% yield. Like really, you work SO HARD with huge capital and enormous risks to make 5% while inflation is 3%?

No way I am taking that risk with you and lock my money for it.