How do you actually make money from investing there. U get shares of different startups, then what?
Then you lose all your money when they've burnt through what you gave them.
A friend of mine is in tech PR. We talked a while back about a few Bitcoin related things.
The last time I saw him he was looking a bit glum. He and his father had put a ton of money into a crypto payment processor, I can't remember which one, it might've been the one that abandoned Coinbase, and lost the vast majority of it funnily enough.
I sat there and gaped at him. 'You put money into a Bitcoin company?'
This is an area best left to the VCs for a long time to come. And even they're going to get a little bored of throwing their money away eventually. Other than being speculated on by bigger VCs I don't see where any returns are going to come from within the next decade or two.
I don't need to be accredited to know that putting money into an industry at this nascent stage is borderline suicidal.