How I Lost a Million Dollars In Crypto
“JPMorgan explores lending against clients’ crypto holdings,” reported the Financial Times this week, sending a paralyzing chill down my spine. That headline is the short summary of my title, and when I read it, I had the crypto version of war flashbacks to flickering numbers on a screen and losing more money than I knew was possible. At that point, I knew I had to tell my crypto story, if nothing more than to try to push JPMorgan away from this extremely bad idea.
I have been interested in crypto since 2014, when I first discovered the Bitcointalk forums where Satoshi Nakamoto, Bitcoin’s pseudonymous creator, posted about his ideas for the digital currency with the community. I thought it was an interesting economic slash…