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I pray that the inevitable nft/crypto bubble pop does not trickle into the rest of the economy. I’d love to believe the ape nft stuff is also mid 20s kids like
by soared 4y ago
I pray that the inevitable nft/crypto bubble pop does not trickle into the rest of the economy. I’d love to believe the ape nft stuff is also mid 20s kids like me messing around, but I’d imagine there is a whole lot of institutional money fooling around with similar projects.
- paxys 4y agoConsidering Fidelity is literally starting to offer crypto trading in 401k accounts, that ship might have sailed already
- soared 4y agoTrue. Fidelity was mining bitcoins for years before other institutional investors were involved and they likely hold massive reserves. I just hope they’ve insulated themselves against the risk.
- abirch 4y agoMost banks do. They are transferring the risks to their customers.
- xmprt 4y agoCryptocurrency trading can be a legitimate way to diversify risk. Of course people should know what they're getting into before they start and it's very likely to fail but I trust institutional traders more than anyone else to actually make money off of cryptocurrencies.
- Geee 4y agoI believe that Fidelity allows investing in bitcoin, not crypto in general.
- rhizome 4y agoI figure NFTs are an attempt to materialize cryptocurrency so that it does trickle into the rest of the economy. >I’d imagine there is a whole lot of institutional money fooling around with similar projects. If it's your trashcoin/NFT/whatever, you're at the top of the pyramid no matter what. There's no downside in convincing people to contribute cold hard cash to your new soared-coin.