News for hackers. Stuff that matters.

A comment on IRS Files $44B Claims Against Bankrupt FTX. Parent comment

Re:IRS Files $44B Claims Against Bankrupt FTX by prepend on Thursday May 11, 2023 @03:51PM (#35907534)
These investments were comparable to money market funds. There’s no way passive cash is viable at those returns.

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?

[ Parent | on HN ]
Re:IRS Files $44B Claims Against Bankrupt FTX by TuringNYC on Thursday May 11, 2023 @04:05PM (#35907690)
>> These investments were comparable to money market funds. There’s no way passive cash is viable at those returns.

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

[ Parent | on HN ]