Stanford Graduate School of BusinessPower to Truth: Ben McKenzie on Crypto’s Risks—and What Comes Next
Stanford Graduate School of Business
Crypto and the film 0:10
Ben McKenzie says the movie began with a simple question about Bitcoin and grew into a warning about lies told for money. He says the film ends before the 2024 election, but Trump’s pivot to crypto had to be added because it changed the story.
Fraud inside power 3:31
He says what has happened since feels like the worst case. In his view, crypto fraud has become tied to the White House, and Trump has made most of his reported money from it. He points to pardons, stablecoins, and the use of crypto by people around the president.
A wider warning 9:31
McKenzie connects crypto to bigger risks in finance. He says products can be badly understood, prone to runs, and backed by little real money. He links this to bank failures in 2023, to gambling-like markets, and to the need for tougher rules and more public pressure.
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