It was Mark Carney who convinced Marienelle Mariscal to invest in crypto. Or so she thought.
In April, when Mariscal was stuck in her Toronto home, unable to work while awaiting surgery, she stumbled across a video on social media that appeared to show the prime minister urging viewers to invest in cryptocurrency. Mariscal was intrigued.
“I was hoping that I can just get some money while I’m at home recuperating,” the 41-year-old said.
The current crash has killed the dream of a new monetary era
Only a few months ago, crypto advocates were making wild proclamations about a looming monetary revolution. Bitcoin would reach $100,000, $500,000, maybe even $1,000,000, granting holders “financial freedom,” while VCs on social media touted NFTs (non-fungible tokens) as a rebellious alternative to dubious subprime-era CDOs — pools of risky loans packaged together and sold on to investors. What could go wrong?
Everything, as it turns out.
