Daily: The Cryptocurrency Cult

Cryptocurrencies have boomed in recent years, but are they here to stay? Amy Castor, an independent journalist whose work focuses on cryptocurrency and financial fraud, talks to Justin Quirk to explain some of the myths around crypto, if e-currencies really can work as an alternative to the normal financial system, and the strange world of NFTs. “Crypto was designed as an e-currency, but it’s mainly used for speculation.” “There is mind-boggling amounts of money going into this space, in the hope more will come in.” “Bitcoin is a cult, there are those who believe it will save people in Argentina.” “The people that will lose in this are the unsophisticated investors who join the game too late.” “Those who invested in Bitcoin in November have already lost half of their investment.” https://www.patreon.com/bunkercast Presented by Justin Quirk. Group Editor: Andrew Harrison. Lead Producer: Jacob Jarvis Producers: Jacob Archbold and Jelena Sofronijevic. Audio production by Jade Bailey. THE BUNKER is a Podmasters Production Learn more about your ad choices. Visit podcastchoices.com/adchoices