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Another interpretation is that the crypto mania is evidence of huge unmet demand for the types of investment profile that are largely unavailable to non accredi
by mattnewport 9y ago
Another interpretation is that the crypto mania is evidence of huge unmet demand for the types of investment profile that are largely unavailable to non accredited investors. If regular investors had access to more (possibly less risky) such investments perhaps the demand for crypto investments wouldn't have been so great.
- saalweachter 9y agoThere's certainly an unmet demand for investments that yield 1000-fold overnight. People want to invest a few hundred or a couple thousand dollars and be multi-millionaires by Christmas. They don't want to put tends of thousands of dollars into an aggressive portfolio to maybe break a million in 2045.
- crdoconnor 9y ago>If regular investors had access to more (possibly less risky) such investment Which could be done easily by raising interest rates above 0% and offsetting any resulting collapse in demand with counter cyclical fiscal policy.
- mattnewport 9y agoYears of extremely low interest rates does seem like a contributing factor to the demand for riskier investments that may see some inflation beating return.
- s73v3r_ 9y agoI think that just shows that there's a huge unmet demand for get rich quick schemes.
- SkyMarshal 9y agoIt could also be argued that the success of crowdfunding sites like Kickstarter are similar evidence that people want to make micro-investments in early stage ventures that appeal to them.