Crypto: gambling by disguise

The paradox of cryptocurrency

There is a paradox for crypto researchers, its touted as the best new investment where you can make 100 times your contribution. And whilst some large firms and investors have entered the market the majority are uninitiated retail investors betting big from their smartphones. But this looks like gambling, argues psychology professor Paul Delfabbro. We need clarification just what people are doing with crypto, are people betting big on the future of the internet or simply gambling in a new form on their phones.

 

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