Ever since the concept of value has been created, humans have shown a need to ensure they can touch whatever they own. Whether that is their money, a house, or the tree in their backyard, we need physical contact with our belongings. But we are living in the 21st century now, and the age of digitization is upon us. Do we need to be able to touch something to say we own it?
Is The Era of Traditional Assets Coming To An End?
Things have been turning upside down in the investment world ever since the Brexit hit; that much is certain. With asset management firms locking up user funds so they can’t pull out money, a very dangerous precedent has been created. After all, investors put their hard earned money into these funds, under the assumption of having direct access to money whenever needed. But alas, that is not the case for the majority of funds locked up UK asset management firms right now.
Interestingly enough, the contract signed by every single one of these investors makes a mention of how “fund managers can halt redemptions” at any moment. Do keep
Read more ... source: LiveBitcoinNews
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