More than one in three Britons think cryptocurrencies are a Ponzi scheme – despite backing from some of Hollywood’s biggest names
- Bitcoin lost over two thirds of its value since it peaked leaving many at a loss
- Poll found 41 percent of female investors would prefer to put their money in gold
- Nearly half of 18 to 24 year-olds said they still trusted cryptocurrencies
- Gwyneth Paltrow, Matt Damon and Kim Kardashian all encouraged investors
More people think cryptocurrencies are a Ponzi scheme despite the backing of Hollywood stars like Matt Damon and Kim Kardashian, according to a poll.
Tally Money found that in 2,000 adults, 36% said they thought cryptocurrencies were a Ponzi scheme while under a third thought them a trustworthy investment.
The value of cryptocurrencies has continued to crash in the past few months as Bitcoin lost over two thirds of its value since it peaked last year, leaving many at a loss.
Traditional assets like gold and property however have only grown as gold prices jumped 19% since Bitcoin peaked in April last year.
The crypto crash came despite many celebrities urging fans to invest as Hollywood A-listers like Gwyneth Paltrow, Matt Damon and Kim Kardashian all now face criticism for encouraging people to invest.
Researchers also…
