this cycle isn’t like any other cycle
the closest comparison i see is the 2020 DeFi expansion, when an entirely new vertical brought billions of dollars onchain
this time, stablecoins and especially tokenized stocks are opening another new lane for crypto
institutional capital, retail and developers are all entering through different channels, while the market structure itself has played out differently from prior four-year cycles
trying to map this cycle one-to-one with the last one could miss what’s actually changing in front of us
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Read today how a 73 year old guy from Croatia got scammed for over 500k € in crypto.
For over a a year he invested via fake agent that gave him a call and offered investment into $BTC.
After checking in to see how he is doing recently this so called agent said his balance is at 731k €
He asked for a cash out, happy with the free money he made for thr past year.
They said he needs to pay 9k € for the "crypto wallet tax".
The man did
Later on when he finaly realised he got scammed since they did not reach out to him anymore he went to the police.
Imagine working for so long, saving up that kind of money just to let your guard down and get an L of a lifetime.
Truly sorry for the man if the article is true and police report really did get out to the public as awarness measure but come on...
Who with that kind of money would trust a random caller with their funds.
I underatand if someone shared the seed phrase, private key, picked up a wallet drainer and so on.
Trusting a random caller with that kind of money is just unreal. Thoughts?
@NINAMONTILVA It's a sad experience, these scammers are bent on ripping everyone their hard earned money. I also got scammed of $23,000 in a fake investment.
I'm grateful I was able to recover all my funds with the help of @SentrynA team, I'll advise you contact them too.