Easy Money: The Rise and Fall of Cryptocurrency

In Easy Money, Ben McKenzie and Jacob Silverman investigate the rise of cryptocurrency and the fraudulent schemes that have proliferated in its wake. They tell the stories of average people who have lost their life savings in cryptocurrency scams, and they expose the greed and corruption of the cryptocurrency industry.

“Cryptocurrency is the perfect scam for the 21st century. It’s a get-rich-quick scheme that promises easy money with no risk. But the reality is that cryptocurrency is a casino, and most people are going to lose.” – Ben McKenzie

Key Takeaways

• Cryptocurrency is a risky investment that is not backed by any government or central bank.
• The cryptocurrency market is highly volatile and prone to manipulation.
• There have been many fraudulent schemes in the cryptocurrency industry, including pump-and-dump schemes, exit scams, and Ponzi schemes.
• Cryptocurrency is not a good store of value or a reliable currency.
• The environmental impact of cryptocurrency mining is significant.
• Cryptocurrency poses a risk to the global financial system.