I believe there is a lot of other hedge fund type of places that does something similar as well. They just take your money, you invest with them, and you do not know what they are doing with it. I mean sure you do, you can ask them or they probably have some papers on it, but the meaning is, you do not say "buy this or that" and so forth, you just give them money and they use that money to make more money for you.
It means if they want to buy bitcoin with all of them, they can. Of course it is risky and if it doesn't pay out everyone will lose money and they will withdraw their money with discontent and that hedge fund will never see any more new investments, yet by ability and right of law they can actually do that. This place is doing something similar, not all the money but just a small portion of it.
Agreed. Similar to the big short of the mortgaged backed
securities scam of 2008, irresponsible bankers and traders might begin using your 401k to
invest in bitcoin and other cryptocoins. Bitcoin is alright, however, the article also mentioned that it will expand its portfolio to other digital assets. I assume altcoins hehehe. This news should be alarming.