Let’s admit it, the majority of crypto investors up until 2018 were borderline gamblers and opportunity seekers. Of course, they wanted to see themselves as classic investors but in reality, the whole crypto ecosystem was only a little better than a “digital Vegas”, with a touch of multi-level marketing (MLM). This is especially true for investing into ICOs (Initial Coin Offerings).
It’s no wonder, though: if “investment opportunity” is has elements of MLM built inside – and that mechanism represents a major magnet for people to join and invest – guess who the “investors” would be.
After all, what was a Bitcoin five or so years ago? An investment opportunity, or a risky bet?