Looking beyond the common notion that cryptocurrency markets are volatile, there lies another characteristic that can make the idea of investing in crypto difficult for some. There is an air of frenzy that moves throughout this burgeoning market, and this feeling is pervasive on social media alongside FOMO. Being exposed to the wrong voices in such an important space can ruin one’s perception of cryptocurrencies completely, and it would be a shame for anyone to waste future opportunities due to having had such an experience. An Eclectic Marketplace For instance, celebrities have been caught out on multiple occasions for wrongly promoting DeFi projects to their (sometimes) unwitting audiences. Kim Kardashian and Floyd Mayweather have both been recently accused of “making false or misleading statements” in their promotions of the cryptocurrency EthereumMax, which allegedly caused investors to lose money. Mayweather even tried to mention the token at the Bitcoin 2021 Conference in June, only to be booed by the crowd (who were clearly there to hear about Bitcoin, not Ethereum Max). On the other hand, Twitter and Block (formerly Square) founder Jack Dorsey continues to ramp up his efforts with Bitcoin through a compelling effort to protect software developers from falling victim to similar accusations. In an email, Dorsey announced the launch of a “Bitcoin Legal Defense Fund”, its main purpose being “to defend developers from lawsu...
