> Investing in small businesses isn't legal because you need to be an accredited investor which only the top 1% of the wealth pyramid qualify for.
Whaaaaat? Sorry, but that comment makes no sense. You can buy a share in any small business you want.
You're mistaking this for some types of stock market investments[1], which are made to "save people from themselves", from back in the day before 1929 when access was free for all and hawkers peddling crappy stock brought the entire world economy to a halt by getting the general population to join the stock market casino (slight exaggeration, but not by much).
[1] And guess what, your sister's lemonade stand isn't listed on the NYSE or even on the Romanian BVB :-p
Sounds like you live in the USA right? And probably have a good income?
I tried for years but angel list never accepted me being an investor because of income or nationality restrictions. And other methods of gaining access to silicon valley startups didn't work out.
Now imagine how hard it is for someone in India or Thailand to invest in USA startups.
In crypto I can buy their token in seconds from anywhere in the world, no kyc required, and no middle men taking their cut to custody it for me.
So go invest in something else and make your money there. The income limit is only $200K. I don't understand why you're so fixated on this one thing.
This limitation was put in place for an extremely good reason: to protect people from getting scammed and also to prevent bailouts. A lot of people think they're savvy investors when they're not.
Whaaaaat? Sorry, but that comment makes no sense. You can buy a share in any small business you want.
You're mistaking this for some types of stock market investments[1], which are made to "save people from themselves", from back in the day before 1929 when access was free for all and hawkers peddling crappy stock brought the entire world economy to a halt by getting the general population to join the stock market casino (slight exaggeration, but not by much).
[1] And guess what, your sister's lemonade stand isn't listed on the NYSE or even on the Romanian BVB :-p