Howard Marks

Let's say, for example,

an ID verification for $5, except that because there's a secondary market for it, these things were trading for five times, 10 times what they were initially issued up.

They became like a stock.

Well, in order to be a stock, you have to be regulated.

You have to file with the SEC documents.

They were not doing that.

And guess what?

The SEC came up recently and I wrote an article about it and they are very upset and they want the marketplace to realize that it's fraud.

We securitize everything.

Yeah.

And we're doing everything by the book.

And think about this.

We're able to issue shares in a company for pennies on the dollar where it used to be you'd go to a broker and say, hey, I want to raise money.

Unless you're raising millions, they won't do it for you because it's too expensive.

Very easy.

There's $300 billion in the world of crypto, Bitcoin, Ether, $300 billion of value.

They have a need to invest.

Why?

They want to diversify their portfolio, just not own Bitcoin.

They want to own many coins, right?