Reasons Why The Crypto Dream Is Turning Into A Nightmare

Sports Franchise Greed

Global sports teams and franchises are paying the price for their greed. Many of them partnered with crypto platforms and currencies as they groped for money. Some of them even exploited their fans by selling NFTs. Most of the latter don’t retain value and left their buyers in a hole (via SBNation).

Meanwhile, many of these crypto platforms bring a lot of negativity. That’s because they disappear in an instant as several Premier League teams experienced. This also influenced fans because they don’t trust crypto now. The same issue happened with the UFC after their deal with Crypto.com went bust.