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Reply to "If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?"
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[quote=Anonymous][quote=Anonymous]Random youtubers create their own cryptocurrency. Their followers spend millions on the "coins". What problem is this solving, and why is this a good thing? https://www.bbc.com/news/articles/c89xvjkzzyvo There are over 100k different "scam" tokens out there: https://www.securities.io/5-worst-rug-pulls-in-crypto/ Lots of red flags in my finanicially risk-averse mind.[/quote] As a Russian born immigrant with US passport and apartment in Moscow the crypto allows complete avoidance of sanctions. You just sell apt in Moscow for crypto, and cash it for USD anywhere else in the world. It’s tax-free transactions on home exchange a the likes. It legalized money laundering on a world scale [/quote]
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