Replying to Avatar BoomTown

The death of the finance industry is going to be fraught with obscenely misinformed yet impassioned FUD and hurried, haphazard political intervention.

There is no need for financial advisors when the public can save using bitcoin and generate 25%+ annually without risk (outside of short term volatility risk).

Investment bankers will have to actually structure deals and solicit a scarce pool of buyers not just PowerPoint about the deal and take it to “market”.

Private Equity will have to generate fund returns of 50%+. VC will make 5 bets instead of 50 and be asked to generate 100%+ fund returns. Unlikely, IMO. nostr:note1995x6szj26d5s9mrvdx3sznaxn8cguz0dhaxkdt9r4f9664fr4dsvv0gjl

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average_bitcoiner 1y ago

My in-laws will be in shambles. I tried to warn them...

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