Those people are smart enough to not estimate their return right now. Even if they bought at $20k it doesn't matter because they are not kind of people who panic sells at loss.
It depends. Most of the funds that wealthy individuals and other legal entities invest in are lead by overly bullish fund managers who really pushed the limit by making it look like there is a lot to gain in the near term. From what I have read it doesn't look like it's actually a well thought out long term investment, but rather one that's driven by last year's speculation.
I haven't seen one fund manager actually point at how the market might not be doing anything of significant nature in the coming two or so years. It's just the usual>
the price will recover before the end of the year or we'll hit $50,000 before the end of 2019 noise. I think this isn't how we should want anyone to be exposed to crypto.
More than 50% of the funds have failed this year, and the ones that are still standing are licking their wounds hoping for better times. It's maybe not the most positive news, but one that people deserve to know about.
