Sunday, September 19

hype

Bitcoin, crypto, hype, jackson palmer, Leon Cooperman, Markets, MI Exclusive

Some early crypto enthusiasts have bailed on the sector, saying the movement has bought into hype without understanding the technology’s limits

Bitcoin crypto currency physical banknote and coin imitations. OZAN ​​KOSE/AFP via Getty Images A recent Financial Times Magazine piece interviewed several early crypto superfans who have since become disillusioned. Perhaps the most high-profile display of a crypto backer turning on the space is dogecoin creator, Jackson Palmer. But the most vocal crypto proponents are not deterred. Twitter's Jack Dorsey says bitcoin will create "world peace." Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Crypto has plenty of detractors, but it is those who were once inside the tent that attract the most interest-and ire.That's the upshot of a recent Financial Times Magazine piece that interviewed several early crypto superfans who have since become disillusioned wit...