Ben McKenzie, actor and regular critic of crypto assets, showed, once again, his aversion to digital currencies on Wednesday.

The cryptocurrency market is growing twice as fast as the internet industry grew from 1990 to 2000; Bitcoin is the fastest growing asset in the last decade, and the Ethereum platform is currently growing twice as much in usage as Bitcoin.

This may be the perfect scenario for Ponzi scheme professionals, as people have learned that cryptocurrency investments have generated fortunes in a relatively short period of time. Such growth comes to be used as a flag in Ponzi schemes to convince multiple victims to fall into fraudulent traps: participating in them is a guarantee of losing all the resources invested.

They normally work with traditional currencies, but now these fraudsters are even posing as cryptocurrency investors. Therefore, anyone interested in investing in virtual assets must be careful to differentiate between direct investment in cryptocurrencies and investment in a Ponzi scheme ‘disguised’ as cryptocurrency investments.

Related to the above mentioned, there is the fact that the legitimacy of cryptocurrencies continues to be debated and if there are supporters, there are even more critics. While the greats in the sector defend them tooth and nail, others like Ben McKenzie do not hide their skepticism. Known as a staunch critic of digital assets, the actor returns to give his opinion on the ecosystem.

Cryptocurrencies, The Biggest Scam in History, According to Ben McKenzie

Ben McKenzie, actor and regular critic of crypto assets, made a statement on Wednesday once again showing his aversion to digital currencies. Testifying before the US Senate Banking Committee, McKenzie compared cryptocurrency to Bernie Madoff’s fraud. According to him, they represent the biggest Ponzi scheme the world has ever seen.

This statement adds to a climate of growing uncertainty. Between the monumental drop in token prices and that of exchanges, investors are gradually losing faith. For crypto skeptics, the very operation of cryptocurrency sufficiently shows its limits. Thus, for McKenzie, a space that only works thanks to the funds contributed by new clients cannot achieve anything concrete.

Although many people do not agree with this opinion, it should be noted that the volatility of crypto assets is causing panic. While bitcoin (BTC) was trading above $60,000 in November 2021, it is now struggling to reach $18,000.

However, even if cryptocurrencies do not have unanimous support, they continue to trade and attract new customers. Between individuals and institutions, the sector is gaining new customers despite everything. Although Ben McKenzie does not hold these assets close to his heart, he nevertheless acknowledges that cryptocurrency highlights the many flaws in the banking system.

By Audy Castaneda

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