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Crypto: The World’s Greatest Scam

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Crypto: The World’s Greatest Scam

James Jani,

5 min. de leitura
3 Ideias Fundamentais
Áudio & Texto

Sobre o que é?

Depending on your point of view, crypto is either a transformational innovation or a massive fraud.

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Editorial Rating

7

Qualities

  • Eye Opening
  • Background
  • Hot Topic

Recommendation

Bitcoin debuted in 2009, launching the modern era of cryptocurrencies. Since then, individuals and institutions have made and lost fortunes in crypto, and as the digital asset market evolves, supporters champion its potential, while detractors believe that it’s a house of cards. In this informative video, commentator James Jani shows how crypto assets carry great risks for investors and the broader financial system. Investors will find this a robust examination of the negative externalities associated with cryptocurrencies.

Summary

Bitcoin created an asset class of digital monies that enthusiasts believe will fundamentally alter the global financial system.

Cryptocurrencies are now firmly embedded in financial markets. Investors can hold and trade nonfungible tokens (NFT), stablecoins and other digital assets. The hype surrounding cryptocurrencies reached dizzying heights in February 2021 when the artist known as Beeple sold his digital art NFT for more than $69 million. The NFT craze continued and reached ludicrous levels, as NFTs of apes and cats commanded multiple thousands, if not millions, of dollars. 

Satoshi Nakamoto created bitcoin in 2009 with the vision of revolutionizing the modern financial system...

About the Speaker

James Jani comments on current issues on his YouTube channel.

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