The line between investing and gambling is disappearing so fast that your brokerage statement should come with a 1-800-GAMBLER disclaimer…
All signs indicate that gambling, I mean investing, is becoming available to an increasingly larger group of people (everyone???).
Sure, it’s cloaked in fancy, uplifting prose: eliminate investor requirements because the current wealth and income-based thresholds improperly restrict access to private offerings.
Already, the Internet, crypto, and gamified online brokerage accounts have made gambling, I mean investing, 100x easier.
Now US margin debt is the highest in history.
Add crypto perps and 5X ETFs.
Mix in some ICOs and meme stocks.
This is so much fun in a bull market. In a bear market? Not so much.
#investmentbanking #technology #corporatecurrency #homecrowdadvantage #privateequity #venturecapital #castleplacement #cpgoapp
