Chapter
The Rise of Cryptocurrency Startups
04:48 - 09:56 (05:07)
Cryptocurrency startups have gained momentum during the pandemic, targeting individuals with FOMO and promoting an alternative to traditional banks. However, the industry has been criticized for its reliance on hype and fear tactics to attract investors.
Clips
The cryptocurrency industry has experienced a pattern of boom and bust cycles as new experimental currencies enter the market and attract a following before disappearing.
04:48 - 06:45 (01:56)
Summary
The cryptocurrency industry has experienced a pattern of boom and bust cycles as new experimental currencies enter the market and attract a following before disappearing. Some proponents of the technology embrace the lack of government control, particularly in terms of drug dealing.
ChapterThe Rise of Cryptocurrency Startups
EpisodeDeath of a Crypto Company
PodcastThe Daily
Crypto companies are using FOMO, fear of missing out, in their marketing strategies and pushing the idea that not buying crypto now will lead to the feeling of failure.
06:45 - 08:29 (01:44)
Summary
Crypto companies are using FOMO, fear of missing out, in their marketing strategies and pushing the idea that not buying crypto now will lead to the feeling of failure. This has led to an increase in well-funded marketing campaigns and even celebrity endorsements such as the recent ad starring Matt Damon.
ChapterThe Rise of Cryptocurrency Startups
EpisodeDeath of a Crypto Company
PodcastThe Daily
Fintech startups are offering cryptocurrency savings accounts, advertising as an alternative to traditional banks.
08:30 - 09:56 (01:25)
Summary
Fintech startups are offering cryptocurrency savings accounts, advertising as an alternative to traditional banks. Users can earn interest on their crypto deposits similar to earning interest on a savings account.