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A comment on Attorney General orders unregistered crypto lending platforms to exit NY. Parent comment

Re:Attorney General orders unregistered crypto lending platf... by gfodor on Monday October 18, 2021 @04:56PM (#28911613)
Is it really true only 80k citizens have 2m in liquid assets?
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Re:Attorney General orders unregistered crypto lending platf... by pb7 on Monday October 18, 2021 @05:04PM (#28911712)
Absolutely not. There are estimated ~100K people with $50M or more.[0]

[0] https://www.statista.com/topics/3467/millionaires-in-the-uni...

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Re:Attorney General orders unregistered crypto lending platf... by perl4ever on Monday October 18, 2021 @07:34PM (#28913207)
I read somewhere that the financial threshold for an accredited investor has stayed the same for a very long time, without adjustment for inflation.

That means that when it was originally instituted, there were much fewer and they were much richer compared to the rest of society.

So if someone is quoting an unreasonably low number, they might be using a figure from long ago.

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