I wonder what % of Walk St "assets" are physically held, with no counterparty risk.
I'm guessing close to zero.
Tick Tock.
Discussion
Not to mention the execution risk, #[2] made a great point on this recently, roughly look at what the avg p/e equates to in yield and compare the execution risk to a 3 month treasury.
Now point buying S&P500.
Buy #bitcoin and self custody! Zero execution risk!
I heard it. He's right.
It amuses me that they call this "accredited investor", "sophisticated investor" or "smart money".
They are going to get one massive punch in the face.
Counter party risk: it doesn't matter until it does