The Underreporting of Crypto Scams

Crypto scams are likely to be recognized as one of the prominent stories of recent years, yet many media outlets overlook them due to a disconnect between their audience and the crypto community. The complexities of cryptocurrency, often masked by jargon, can leave journalists feeling alienated and skeptical, which fuels underreporting. The speaker points out that while cryptocurrencies were originally intended to serve as alternatives to traditional currencies, this idea has faded as many coins have emerged, serving varied purposes beyond being mere currencies. Consequently, the drive for attention and investment in cryptocurrencies often feels more akin to a gamble than a legitimate investment strategy.