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Re: PerdonMe post# 57230

Wednesday, 03/02/2022 9:01:57 AM

Wednesday, March 02, 2022 9:01:57 AM

Post# of 66806
I believe I read they have the bitcoin number you quoted under management with additional amount of about 2000 coming. They get 2% as a management fee and 20% of the growth in value. Once the full 5000 coins are under management, that 2% fee at current pricing is 5000 x $43,500=$217,500,000 x .02= $4,350,000 in revenue. If, for example, bitcoin goes back to the $65,000 range it was in they would earn about $4000 per coin x 5000= $20,000,000. Add that to the fee revenue of $4,350,000 and you come up with around revenues of $25 million. What is the problem here?

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