Mahkno : I thought you were joking when you originally posted this. Who gets involved with crypto? Any legit investor is just begging to be robbed in that Ponzi scheme.
@mypeez :
I totally agree. However, it seems that some of the the ultra wealthy invested in it for the sake of a diversified portfolio. I am serious. A few weeks ago , I was talking to someone whose son had inherited 8 million from his grandparents. They said because of the market conditions the amount was now under 5 million.. The son is 20 years old, flunked out of college and was heavily trading in crypto . I had all I could do to keep my mouth shut and listen. The son met someone online who was looking for backing for an independent film. Have no idea what was decided there. Also, in recent weeks there are stories of ultra wealthy having lost in foreign currency trading. Specifically, it seems, the exchange rate between the Euro, Pound Sterling, USD and Argentine Peso. They never, ever believed that the Euro and USD would be worth just about the same. I really, really do wonder if that could also be the case of KDG too.
In recent weeks, in some places, some other projects , CA included, have crashed and burned, shall we say, because of the crypto currency situation and foreign currency trading losses. So, I have no choice but to think that COULD be an issue in this case too.