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$120 Million Down the Crypto Rabbit Hole: Billionaires’ Latest Desperate Gamble on Digital Dust

A cartoon rabbit wearing a top hat and holding a briefcase full of dollar bills falls down an endless digital tunnel filled with swirling cryptocurrency symbols.

Billionaires and their money-laundering schemes: it’s a match made in heaven! Or should I say, on some obscure cryptocurrency forum where only the most gullible souls dare tread? Parafi Capital has somehow managed to scrounge up $120 million for investing in crypto funds. Because what could possibly go wrong with throwing more money at this rudderless industry? The fact that they’re targeting general partner stakes suggests a desperation to cling onto relevance, like trying to salvage the Titanic from the depths of financial despair.

Source: bitcoin.com

The New York-based digital asset manager, Parafi Capital, has secured $120 million to invest in general partner stakes of crypto funds. These funds focus on specific market segments, strategies, or geographic locations. With this funding, Parafi Capital aims to build a portfolio of 30-50 general partner stakes in crypto funds. The New York-based digital asset manager, Parafi Capital, has raised $120 million to invest in or acquire general partner stakes […]

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