One unfortunate thing that both traditional finance and crypto have in common is a problem with Ponzi schemes. Ponzi scheme operators often tap into a nascent trend or technology and leverage their “mastery” of it as a selling point for targets who want to “get rich quick.”
Crypto is a prime target for the masterminds, who also often have extraordinary sales skills as they promise they have “superior knowledge” and can use this to beat the market and guarantee astounding returns. Spoiler alert: They can’t.
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