Beware the ‘sensible’ crypto crowd — they’re worse than the fanatics | Financial Times

What I am talking about when I use this oxymoron is the men in suits — and it is most commonly men, though there are women too — who will tell you that sure, the vast majority of cryptoland is a gigantic grift, but that their crypto coin is going to change the way we send money around the world, making the financial system fairer and more inclusive and democratic.

It’s the political leaders who insist that we must embrace this noxious industry in order to stay at the cutting edge of innovation. It’s the Wall Street types with money to lose who appear on CNBC to tell the less well-off that crypto is a safe place to put their money. And yes, it’s the crypto exchange bosses who don’t care about the Lambos and designer clothes; they just want to make a few billion dollars so they give it all away and make the world a better place.

Source: Beware the ‘sensible’ crypto crowd — they’re worse than the fanatics | Financial Times