Even a person with a finance background such as myself cannot realistically state what yield is "viable", especially without history.
Commercial Real Estate is paying 8.5% preferred these days...is that viable? Not sure, but I can look at history across rate environments.
Crypto has no history so I think a lot of people were going on trust of the players. Many investments are about trusting the managers.
If Commercial Real Estate is paying 8.5% and someone starts offering “Crypto Commercial Real Estate” as a competing product for those same fundamentals but offers 400% return, would you still be unable to assess its viability?
Totally agree. But why would you compare crypto high yield accounts to MM funds, rather than, say, CLOs or CLO funds, or structured notes (https://pprcapitalmgmt.com/invest-in-a-real-estate-fund/) or factored receiveables funds
The guy (SBF) was hanging out with and appeared to be anointed by Gensler and crew https://www.sec.gov/about/commissioners/gary-gensler. How much due diligence does one expect common citizens to perform?