Ben McKenzie

How do you see them?

Yeah, there's this sort of, if you think of it as sort of like a multi-level marketing scheme.

Yeah.

And there's the people at the top of the pyramid and then there's everybody else at the bottom.

And the people at the top are the insiders, people that own the exchanges, issue the coins, hawk the coins, offer various sort of fintech-y type access to crypto.

They usually do pretty well.

And they're not the ones holding the bag at the end because they're not putting their own money into it necessarily.

Everybody else...

Almost everybody else loses.

And that's just true of MLMs.

I mean, in terms of the people that invest in the retail public, it's everybody.

I mean, it is very male, I will say.

It is very, very male.

But 40 million people, 40 million Americans have invested in cryptocurrency?

I think so.

It's like 16% of the adult public, which is, I know, it's sad.

Now, that being said, most of those people only put a little money in

Yeah.

Yeah.

They saw Matt Damon selling it and they're like, sure, I'll put a hundred bucks on it.