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No one says they had to take away money from somewhere. But most likely the stock market. With the markets being up a ton over the last ten years, most HNWIs co
by charlesdm 9y ago
No one says they had to take away money from somewhere. But most likely the stock market. With the markets being up a ton over the last ten years, most HNWIs could have easily borrowed against their shares portfolio at <2% a year and put it into crypto, if they were up for it. (Portfolio) margin debt is at an all time high.
If you had the balls to lever up your portfolio 3x you would have made a killing after the 2008 crash with just a few million in capital, and that's just by investing in the stock market.