McKenzie, who has a degree in economics and recently co-authored the book “Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud,” said he began investigating the industry when his acting roles dried up during the COVID-19 pandemic.
“I started paying attention to the financial markets really for the first time in my life,” he told BNN Bloomberg in a television interview Wednesday. “I saw all these things that seemed inexplicable initially – meme stocks, crypto, NFTs – and decided to do some research.” “It’s actually at least as bad as I feared, if not worse,” he said. “It’s been a pretty wild ride, but I have to say a lot of the things I’ve been warning about for the last two years have proven true.
McKenzie doesn’t refer to cryptocurrencies as “currency” because he argued that most users are investing rather than using it to buy goods. – an enforcement trend that is long overdue, according to McKenzie. “What we’re seeing now is the rubber hitting the road,” McKenzie said. “All of these effectively unregistered, unregulated securities are finally coming under scrutiny legally and I don’t think they’re going to stand up.” first exchange-traded fund tied to Bitcoin. For his book, McKenzie interviewed Sam Bankman-Fried, the beleaguered founder and CEO of FTX. Bankman-Fried faces 13 federal charges in the U.S.
McKenzie interviewed the crypto founder in the summer of last year before Bankman-Fried’s arrest – and he said the warning signs were already showing. With files from Bloomberg News
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