Economist Jeffrey Tucker: Scams Are 'Bullish' for Bitcoin

Economist Jeffrey Tucker: Scams Are 'Bullish' for Bitcoin

Jeffrey Tucker, via Wikimedia Commons. It is no secret that the cryptocurrency industry is fraught with scams. Some of the more high-profile bitcoin scams-such as Mt. Gox-receive mainstream press coverage and reinforce the misguided stereotype that criminals are bitcoin's primary user group. Many in the Bitcoin community are understandably worried by this. However, Austrian economist Jeffrey Tucker sees a silver lining Tucker says the proliferation of bitcoin scams is actually a "bullish sign" for the bitcoin industry because scams tend to coalesce around budding industries with explosive....


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Sir Richard Branson, Founder of Virgin Records, Virgin Galactic, and 400+ other businesses