The scourge of the crypto influencer
The truth behind crypto influencers
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It is extremely difficult to establish which crypto influencers share investment ideas that they truly believe in and which have an ulterior motive for their recommendations.
As we discovered with our dearly departed friend John McAfee even the most credible influencers don’t usually discuss a project’s exceptional prospects unless there is something in it for them.
McAfee claimed to be telling his community about cryptocurrencies he believed in. He denied taking money from the projects he was ‘tipping.’ By accepting payment in exchange for lending his support to certain cryptocurrencies these apparent tips were more akin to financial promotions.
In McAfee’s case money talked not fundamentals.
Although McAfee is dead, the practice continues unabated.
