Well, people belief and opinions are always different. If Bitcoin and ****** were a fraud, I wonder why renowned asset management firms like Blackrock, Fidelity and Ark are filing for Bitcoin spot ETF! Even Lary Finks of Blackrock calls Bitcoin "international asset".
There is A LOT of fraud and scamming in ****** though.
A lot of people see ‘******’ and think of Bitcoin but there are thousands of other cryptocurrencies, and plenty of them have been scams:
Three Arrows Capital which lost over $3 billion of other peoples money and the owners are currently on the run.
Voyager and Celsius spring to mind as major collapses.
FTX and Sam Bankman-Fraud (or was it Bankman-Fried?) who is facing a stretch in jail.
And obviously the MYRIAD of new cryptocurrencies that have promised early investors that they were going to ‘shoot to the moon’ and ended up being rug pulls where the people who set up the currencies basically just rinsed the early investors and left with their money.
There are so many of these rug pulls that it keeps many a YouTube channel in work, my favourite being
CoffeeZilla - even so called celebrities such as the Faze Clan and Logan Paul are in on some of these scams.
My thoughts on ****** for what it’s worth:
Bitcoin is an investment market and
not a currency (and it never will be)
Don’t invest in any ‘new’ currencies especially if your favourite influencer is setting it up.
Only invest what you can afford to lose, as you probably will.
Don’t listen to anyone who offers investment advise.