The collapse of Squid coin – a cryptocurrency named after the popular Netflix show Squid Game – poses the question: how can people be so gullible?
The question, of course, applies to much more than this particular scam. Recent years have seen the rise and fall of initial coin offerings; the emergence of non-fungible tokens; and increased financial fraud generally. If you work from home you are bombarded by scam callers – which would not exist if there were not a market for them. And most experienced investors have at some time been sucked into buying a stock near its peak.