Madoff used the same approach to tell everything was safe: "By purportedly selling its holdings for cash at the end of each period, Madoff avoided filing disclo

Madoff used the same approach to tell everything was safe: "By purportedly selling its holdings for cash at the end of each period, Madoff avoided filing disclosures of its holdings with the SEC, an unusual tactic.".[0] This way, each time the market was down, he would answer, me paraphrasing: "nothing to worry about, I was liquid". Seen from outside, this feels the same... now suddenly backed by something way more secure, no external audits. As somebody totally outside of the crypto currency bubble, I looked for the first time today at the official market capitalization of these currencies, these are mind blowing, I simply do not understand how they can be so. [0]: https://en.wikipedia.org/wiki/Madoff_investment_scandal https://en.wikipedia.org/wiki/Madoff_investment_scandal