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Christopher Joye

Christopher Joye

Is bitcoin the biggest honeytrap in history?

Depending on your timing, the cryptocurrency – which possesses all the hallmarks of a Ponzi scheme – could easily be the best or worst investment you have ever made.

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Last week, this column happened across one of the world’s most successful crypto-bankers, who helped service the industry’s luminaries, including FTX and its founder Sam Bankman-Fried.

“It’s all a fraud,” this billionaire banker suddenly exclaimed. This was not the expected greeting.

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is a portfolio manager with Coolabah Capital, which invests in securities, including those discussed in his column. Connect with Christopher on Twitter.
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    Original URL: https://www.afr.com/opinion/is-bitcoin-the-biggest-honeytrap-in-history-20251121-p5nhh0