Boo Radley75
Outstanding Member
Sam Bankman-Fried, the crypto fraudster has been jailed for 25 years -
The problem with crypto is that you’ve got enthusiasts who’ve apparently done well out of it, who may or may not be con artists, encouraging others to get involved. I’ve seen videos by 20 something Swedish guy Carl Runefelt on YouTube who once claimed to be valued at $1bn. He makes videos showing off his super rich lifestyle - fancy apartment in Dubai, a special edition Bugatti and million pound watches. He also went shopping for private jets. He also mixes with other super rich. He tells his followers how he was a supermarket worker only a few years before but now he’s a multimillionaire and investor. Andrew Tate bragged about his crypto wealth as well.
I can see from the YouTube comments that all this impresses young wannabe investors who want a taste of that life. But is it fair as these young people aren’t likely to make anywhere near this sort of money? In fact their money is far more likely to end up in the hands of Runefelt and his mates.