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What is more risky to invest in? Startups or Bitcoin?
Interesting question. Investing in startups takes some expertise, so if these markets are efficient, it should be less risky if you have that expertise, and more risky if you don't.
Risk of investing in a given startup is generally a decreasing function of time, so the expected mutiple decreases as the startup matures It looks similar with bitcoin. Buying BTC in 2011 = seed; in 2014 = series A; in 2017 = series B; today = series C...
Any kind of expertise to be successful in cryptos?
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