Cryptocurrency has been the subject of a multitude of news stories throughout the year, with more and more variants appearing, attracting additional media coverage. And now a celebrity is doing the opposite of most… Ben McKenzie tells celebrities to stop talking about cryptocurrency.
Celebrities have pushed and supported a wide range of internet projects, from cryptocurrencies to NFTs.
Ben McKenzie has appeared on a number of notable shows, including the popular drama COwhere he played Ryan Atwood, launching him to teen idol status and eventually stardom.
After that, he went on to star in numerous theater shows, movies, and TV series, including as a young James Gordon in the fan-favorite Batman prequel. Gotham.
McKenzie recently co-authored an article for Slate with Jacob Silverman, known for his 2015 book Terms of Service: Social Media and Constant Connection Pricing.
In the article, titled “Celebrity Crypto Shilling is a Moral Disaster,” McKenzie slammed Kim Kardashian and other celebrities for urging their social media followers to invest in cryptocurrencies.
“To urge its 251 million Instagram followers to get involved in a highly volatile speculative market that is little different from gambling in the world’s most fraudulent casino. The Hollywoodization of crypto is a moral disaster. And for celebrity fans, who probably have a lot less money to spare, it’s also potentially financial.
These rich and famous entertainers might just as easily be applying for payday loans or sitting their audiences at a rigged blackjack table. While the wild swings in crypto can be exciting for some, the rewards for many are illusory, especially once one outgrows the few major cryptocurrencies like Bitcoin and Ethereum.
Since then, McKenzie and Silverman have written more crypto articles for the same publication. A deep dive into the nature and issues of Tether, a so-called “stablecoin” at the heart of much of the crypto economy, is one of them.
However, these articles will not be McKenzie and Silverman’s last word on the matter. The pair are writing a book about the cryptocurrency industry and fraud, but there is no firm release date yet.
What do you think of celebrities and their involvement in cryptocurrency? Let us know in the comments below!
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