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Celebs slammed by City boss for pushing crypto onto public
Evening Standard
|May 26, 2022
A TOP City boss today criticised the celebrities that have been promoting cryptocurrencies to ordinary folk and admitted the lockdown-inspired share trading boom is over.
Andy Bell, founder and chief executive of leading investment platform AJ Bell, said Hollywood actors should not be giving investment advice.
Gwyneth Paltrow, Reese Witherspoon and footballers John Terry and Paul Pogba have all lately been endorsing crypto investment. Matt Damon told viewers that "fortune favours the brave" in an ad for crypto.com.
Analysis shows that those who followed the advice of the celebrities have lost half their money.
The crypto market has soared in popularity with 2.3 million Britons taking punts. Lately, the coins have crashed with $200 billion wiped off their value in a single day last week. Bitcoin, the best known, has halved in six months.
Diese Geschichte stammt aus der May 26, 2022-Ausgabe von Evening Standard.
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