I don’t know how you feel about what's a lot of money and what's not a lot of money but $10 million is a life changing money for most people. Yes it's nothing to Buffett or Bill Gates or Elon Musk who basically said he spends 50 million dollars Everytime a space X lands and crashes.
So that kind of money is nothing to these guys and one guy that makes money look like nothing is Mr Beast.
Who's Mr Beast? We're talking about one of the richest YouTubers on planet earth. The ten million dollars I mentioned, he made that amount recently just by inflating and dumping obscure crypto coins.
If you look at the situation, he might not have broken any laws so let's be clear on that but how about the moral side of what he just did? He dumping to make that money only means people lost money.
When someone like MrBeast, who’s well known for giving away millions of dollars gets accused of backing low-cap tokens, that's not news we should overlook.
Just think this through for a minute, how does the guy who’s supposedly all about good deeds, charitable causes, cleaning the environment and changing lives people's lives for the better get mixed up in something like this?
Isn't odd that almost every big time influencer can just mess up and walk away untouched, as long as they didn't technically break any rules out government laws. There's no accountability for these guys and no mess left for them to clean up except for maybe their reputation and even with that they know how to let people forget about it.
When it comes to crypto, it's a dangerous game. Right now, there are no hard boundaries and also no effective regulators looking over your shoulder. That makes it perfect for pumping and dumping schemes.
I think I’ve seen enough stories of influencers cashing in, leaving their followers with useless valueless coins and just disappearing and infact they even have a way of burying the news about such actions.
The sad thing is that this keeps happening and not many are talking about it. It's very very easy to manipulate a community that’s already so volatile and speculative.
Maybe MrBeast wasn’t looking at the long-term impact, maybe that's why he decided to do this and was only looking at it from a profit perspective. Maybe it was just business for him.