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Not true. These are hedge funds managing complex instruments, not just regular bank accounts. Your bitcoin wallet doesn't allow shorting for example. Equivalen

• drcross 10y ago
  >These are hedge funds managing complex instruments. How come it's only when it comes to matters of finance that people tell me things are too complex for me to understand, yet I am well capable of understanding the most convoluted of machinery and systems. My only conclusion is that they are needlessly complicated on purpose.
  • daveguy 10y ago
    Complex meaning not able to be liquidated with a single bitcoin or any other currency transaction. This is a specific asset that the fund administrators are not allowing to be liquidated. If you used bitcoin to buy these assets they would still be held outside of the bitcoin system. Just like when you use dollars/pounds/etc to buy the asset the wealth is no longer held in dollars/pounds/etc. They would be at least one step removed from the currency regardless. You couldn't liquidate immediately even if you bought into the mutual fund with bitcoin. The mutual fund would never be held in pure bitcoin because there are multiple assets -- other stocks, bonds, etc (e.g. complex). Complex as in not simple. Not complex as in you wouldn't understand.
  • tedunangst 10y ago
    It's not particularly complicated. But if you invest in a real estate fund and want your money back, you can't walk into some random office and take "your" chair. If you invest in a gold mine, you can't go grab "your" shovel. Your interest is diffuse.