The current CMO for software startup Think3 and the former Google Analytics advocate Adam Singer, in a series of tweets, lashed out on the crypto community describing the space as cultlike. Adam Singer tweeted that bitcoin has gone from a creative economic experiment to a cult of overexposed, get rich quick neo goldbugs rooting for the end of the world. He further noted that everyone in the crypto community is watching the same chart all the time and taking online victory laps that would make Jordan Belfort blush every time their only holding has a >5% move.
Bitcoin rises as the highly anticipated halvening event quickly approaches.
Bitcoin is currently going through a bullish phase, reigniting new hope and hype for the industry, as well as some of the mainstream public. The hype is also because of the highly anticipated halvening event that is scheduled to take place on May 12. Adam Singer agreed that the crypto space is a solid place for sharing memes and trolling, but he added that recruiting new blood to the crypto casino further enriches the sharks of the market.
The chief marketing officer of Think3 acknowledged that the industry builders creating killer applications with the new burgeoning technology and the struggles those folks face in the shadows of the traders and trolls. He said that those folks should be championed.
Adam Singer does not hate crypto or bitcoin.
The former Google analytics advocate, Adam Singer, later clarified his position on bitcoin, saying that he does not inherently dislike crypto or bitcoin itself. He tweeted that it’s the people creating redic spam to create FOMO or make patently false statements about how the existing financial system works that he does not like. He is not the only one who has bashed bitcoin amid the recent bull run. Several other BTC traders and analysts also claimed that this bull run is fake, and big players are playing small traders using the halvening narration.
For the record I don’t even hate crypto or bitcoin. Just people tweeting absolutely redic spam to create fomo or make patently false statements about how the existing financial system works (in attempt to recruit more people to become shills). It hurts the whole sector. Grow up.
— Adam Singer (@AdamSinger) May 8, 2020