As many as one in five Americans have invested in crypto.
For some, it’s been a financial miracle. But others have lost it all:
"I sat there and I sat for a long time before the Ponzi obviousness came out," listener Amos Iriqui says. "I'm like, this is a Ponzi scheme. Only the rich that have enough money to profit are going to profit."
Today, On Point: The crypto market is in meltdown, with $2 trillion lost so far. Could it pave the way to new regulations?
Guests
Hester Peirce, one of the five commissioners of the Securities and Exchange Commission. She is speaking on her own behalf, not on behalf of the SEC or her fellow commissioners. (@HesterPeirce)
Molly White, software engineer who maintains the blog Web3 is Going Great, a site documenting the scams and crashes of the crypto world. (@molly0xFFF)
'This Is A Ponzi Scheme': Listener Amos Iriqui On The Crypto Craze
One in six Americans have invested in crypto, according to Pew Research Center. But the crypto craze hasn't swept...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...