The Michigan Daily - Despite scandals and flaws, crypto's popularity, fueled by social media and FOMO among younger investors, keeps its bubble inflated, potentially leading to future losses

https://www.michigandaily.com/opinion/yes-crypto-is-still-a-scam/

Crypto exchanges are facing scandals like money laundering and fraud, yet its popularity remains high among younger investors.

Cryptocurrency lacks real value and suffers from extreme volatility due to investor sentiment.

Social media algorithms and influencers fuel Gen Z's fear of missing out, potentially leading to financial losses.

Beware of cryptocurrency hype!!