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Grayscale Launches Investment Fund for People Who Hate Themselves and Want to Lose All Their Money on Unproven Blockchain Nonsense

DeFiEthereumHack 2 Barry Thompson August 16, 2024

An illustration of an old man sitting on a couch with his head in hands looking at a stack of worthless papers next to him; the background is dark grey with faint lines resembling broken chains; he's surrounded by empty bottles and trash, while outside through the window there are people running away from falling coins. The room has no windowsills or curtains but it looks like they were once present as evidenced by old nails in the wall where they used to be hung. In one corner of the image a faint light bulb is visible with its filament broken and hanging loose;

Oh boy, here we go again – another investment fund from Grayscale for the gullible masses who want to get in on the MakerDAO gravy train! Because what’s better than throwing money at a bunch of unproven blockchain nonsense? I mean seriously, folks, these tokens are just numbers on a computer. They have no inherent value other than whatever arbitrary price some speculator is willing to pay for them today

Source: cointelegraph

Grayscale launches investment fund for MakerDAO token
https://cointelegraph.com/news/grayscale-investment-fund-maker-dao-token
Asset manager Grayscale Investments launched a new investment fund for MakerDAO’s governance token, MKR, according to an Aug. 13 press release.  The Grayscale MakerDao Trust “offers investors the opportunity to gain exposure to MKR, the utility and governance token for the Ethereum-based, autonomous organization MakerDAO,” according to the announcement. The fund — which is not exchange-traded and is only available to qualified investors — adds to Grayscale’s suite of single-asset crypto […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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