If the people that sold needed the money, they are for sure better off, even if they got less money than waiting
Additionally, it’s impossible to know if they invested it in something that gave them better returns than waiting
Fortress might know what they are doing, but for sure they can’t exactly predict the price of BTC or that there would be a pandemic and the behavior of the markets during the pandemic
Potentially someone that sold in late 2019 and put their money into TSLA, NVIDIA or even Moderna, might have made more money than and unknown figure they could get when the bankruptcy proceedings finally pay out. If they exit(ed) the market at the right time
I think it’s a good trade for both sides, no need to have a winner and a loser
Sure, but you're assuming that the claim seller knew more about future average returns than the buyer. Chances are they didn't, or even if they did, took too little after the buyer's commission and still lost out.
But hey, sometimes the hedge fund has a better job acquiring "dumb" money and pays more than claims are worth just so they can get their cut.
If the people that sold needed the money, they are for sure better off, even if they got less money than waiting
Additionally, it’s impossible to know if they invested it in something that gave them better returns than waiting
Fortress might know what they are doing, but for sure they can’t exactly predict the price of BTC or that there would be a pandemic and the behavior of the markets during the pandemic
Potentially someone that sold in late 2019 and put their money into TSLA, NVIDIA or even Moderna, might have made more money than and unknown figure they could get when the bankruptcy proceedings finally pay out. If they exit(ed) the market at the right time
I think it’s a good trade for both sides, no need to have a winner and a loser