#CitationsNeeded: Ep.160: The 'Last $100 in Your Bank Account' Economy - How #Media's Love Affair with #Crypto, #NFTs and #Gambling Prey Upon #WorkingPeople

"NFTs May Seem Like Frivolous Fads. They Should Be the Future of Music," argues #RollingStone magazine. "How to Buy Bitcoin and Other Cryptocurrencies: A Guide for New Crypto Investors," advises TIME magazine. "'I had $10 in my bank account': This 36-year-old went from living paycheck to paycheck to making over $109,000 selling NFTs," proclaims CNBC. Over the past couple of years, U.S. media have been breathlessly hyping a new economy of digital "investment opportunities" and asset speculation. From cryptocurrency to NFTs, sports betting to online streaming casinos, business rags and legacy papers alike extol the virtues of a financial climate in which seemingly anyone with an internet connection, a smartphone, and a few bucks stands a chance of striking it rich. It's what we're calling "The Last $100 In Your Bank Account Economy." . Our guest is #Motherboard's #EdwardOngweso, Jr.

https://citationsneeded.libsyn.com/ep160-the-last-100-in-your-bank-account-economy-how-medias-love-affair-with-crypto-nfts-and-gambling-prey-upon-working-people