The Lure of the Crypto Succubus

Don’t buy any cryptocurrencies — they are all elaborate Ponzi schemes

Jacob Jose
Extra Newsfeed
Published in
11 min readMar 16, 2022

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Image by Jorge Franganillo

Nearly every popular cryptocurrency, including Bitcoin and Ethereum, are elaborate pump and dump schemes, where new naive buyer victims pay off promoter sellers.

While 55% of crypto investors don’t have a college degree, several other…

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Jacob Jose
Extra Newsfeed

Strategy Analyst in search of Actionable Social and Economic Insights.