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Has Crypto Exploited a Gray Area? | Odd Lots
Posted
July 10, 2023
Views
580
Likes
9
Engagement
1.55%
July 10, 2023
580
9
1.55%
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1:15Now Playing“Crypto has exploited a gray area between how we classify commodities & securities.”
On this episode of Odd Lots, Ben McKenzie explains why he thinks the industry is designed to enrich only a small group of insiders. Watch the full episode
When the pandemic struck in 2020, the actor Ben McKenzie (who you might know from The OC) had a lot of time on his hands. And like a lot of people, he suddenly got interested in crypto. But unlike a lot of other people, McKenzie didn't rush out to buy it. Instead, he dusted off his economics degree and decided to learn about how the industry really works. What he learned shocked him. So McKenzie (along with co-author Jacob Silverman) spent the last few years writing a book titled Easy Money: Cryptocurrency, Casino Capitalism and the Golden Age of Fraud. In an interview conducted live at the Bloomberg Invest summit in June, McKenzie explains why he thinks the industry is designed to enrich a small group of insiders at the expense of a misinformed public.
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