This article sounds like it's laying the ground for legislation to further censor youtube. I would never make a financial decision based on advice from these hucksters, but I don't want the government involved. Also, the condescension in this article is palpable. Traditional finance is no less slimy. CNBC is one long commercial. And the corruption in exchanges like the gold market and LME metals market get ignored by the talking heads conmen of mainstream media.

While disgusting, most of this is short money as more influencers come into the space they drive down the price these guys can charge and split up the refferal income driving down profitablity, those that got in early will lose their fortunes either by spending big and thinking they can maintain it or get taken out thinking they can play the market due to their overconfidence

Ill happily pick up their sats as they cock up

The link for this post is using an archive for the article on Insider's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on Insider's website is:

The rise of the crypto hype men: How YouTubers are making fortunes by promoting cryptocurrencies, making wild predictions, and profiting off their loyal fans https://www.businessinsider.com/the-rise-of-cryptocurrency-youtube-influencers-2022-8