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    Cryptocurrency closely resembles ‘a Ponzi scheme or multi-level marketing’, says actor Ben McKenzie



    Actor and ‘Easy Money’ author Ben McKenzie joins ‘Squawk Box’ to discuss the flaws and shortcomings of cryptocurrency, the inherent risks and practices within the industry, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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    View 31 Comments

    31 Comments

    3. Alex Morgan on

      I have yet to encounter any anti-Bitcoin arguments that hold up to scrutiny. The only real threat is unknown unknowns which apply to all assets.

    5. O Campbell on

      Classic pyramid scheme. For every 1 person you meet who claim they made a profit off crypto it's probably a 1000 who got left holding the bag.

    8. asldkfjasldkfj on

      This guy is a useful idiot to the establishment. Does he want to do a “deep dive” with his “economics degree” into the federal reserve and traditional banking system. Let’s try to explain how that is not an imaginary system made up by Goldman sacs executives.

    12. Random Ron on

      Isn't Joe Kernan owning Bitcoin a violation of his terms of employment?
      Conflict of interest.
      Jim Cramer is an exception, that's why they have the infamous Cramer disclaimer.
      Fire the biased bum!

    16. 港完 on

      This guy is a joke, look ay his smile when he said he did okay after double down btc…. wait… if you dont belive it, why still buy it at lower price? This guys is a clown.

    20. Bakul Badwal on

      Crypto is a scourge on society. Used to work in the scam industry and saw the light. MOST will get hacked using it and have zero recourse

    22. GoForPro Joe on

      Bitcoin's limited supply increases demand which follows the increase in price. The weird thing is Bitcoin is a digital currency that isn't linked to a real asset or commodity that drives demand, unlike stocks which are linked to some kind of an asset or commodity that determines the limited supply and price.

    24. Ashford Artworks on

      lol..Selling FUD… He says……don't buy bit coin but I made a lot of money off of it….but don't do what I do.and double down…even though it worked for him..instead buy this book first because a buddy of mine told me to get in 2021 and I didn't do my DD and got burned…now buy my book, and help me make "easy money" from my book "easy money". lolololololol

    27. Alpha THE FIRST ONE! on

      Excellent.. they tried end this interview with discrediting him but it backfired. Just because you got in early before the rush does not make bitcoin a valuable investment. All ponzi schemes work like that. Get in early find new suckers then when you cannot find any new suckers, it fall down.. That happening right now to Crypto. The new suckers came from covid and stimulus checks and unemployment checks.. now that gone and they are looking for new suckers…

    30. Nik One on

      I always listen to actors for my investment and technological knowledge. If you think Crypto is bad, you should see how the Federal Reserve and Fiat Currencies work.

    31. OChan Investing on

      Now he can say his friend gave him the worst financial advice. 10 years from now we’ll say his book gives the worst financial advice. Salty man lost money on bitcoin and wrote a book to whine about it lol

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