Cryptocurrency has been the theme of a slew of news reports throughout the year, with more and more variants appearing, attracting further press coverage. And now, one celebrity is doing the opposite of most… Ben McKenzie is telling celebrities to stop talking about cryptocurrency.
Celebrities have been pushing and supporting a wide range of internet projects, from cryptocurrencies to NFTs.
Ben McKenzie has appeared in a number of notable shows, including the popular drama The O.C., where he played Ryan Atwood, launching him to teen heartthrob status and eventually stardom.
After that, he would go on to star in many theater shows, films, and television series, most notably as a young James Gordon in the fan-favorite Batman prequel Gotham.
McKenzie recently co-wrote an article for Slate with Jacob Silverman, who is known for his 2015 book Terms of Service: Social Media and the Price of Constant Connection.
In the article, titled “Celebrity Crypto Shilling Is a Moral Disaster,” McKenzie criticized Kim Kardashian and other celebrities for urging their social media followers to invest in cryptocurrencies.
“Urging her 251 million Instagram followers to get involved in a highly volatile, speculative market that’s little different than gambling in the world’s most fraudulent casino. The Hollywoodization of crypto is a moral disaster. And for celebrities’ fans, who likely have far less money to lose, it’s potentially a financial one, too.
These rich and famous entertainers might as well be pushing payday loans or seating their audience at a rigged blackjack table. While the wild swings of crypto might be exciting for some, the rewards for many are illusory, especially once one gets beyond the top few cryptocurrencies like Bitcoin and Ethereum.”
Since then, McKenzie and Silverman have written more articles on crypto for the same publication. A deep dive into the nature of and problems with 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 issue. The pair are writing a book about the cryptocurrency industry and fraud, but there is no firm publication date yet.
What are your thoughts on celebrities and their involvement with cryptocurrency? Let us know in the comments below!