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You forget it's automated. I think plenty of HNWIs are willing to pay 2% management fee to be able to invest in a diversified crypto index fund.
by charlesdm 9y ago
You forget it's automated. I think plenty of HNWIs are willing to pay 2% management fee to be able to invest in a diversified crypto index fund.
- sparky_ 9y agoFor fellow non-native speakers: HNWI = High Net-Worth Individual
- asdsa5325 9y ago2% fee is pretty high, I don't think so.
- jacques_chester 9y agoCryptocurrencies have characteristics of other high-risk assets -- diamond mines in war-torn regions, shares in politically unstable countries, bonds of provinces or states with a history of defaulting, venture capital, exotic commodities trading etc etc. The risk is higher, the volatility is higher, liquidity is lower, the overall market is at an early stage of development. For such asset classes, paying a fat premium is common.