This former A+ list mostly movie actress all of you know, has invested her entire life savings into crypto and it is a crypto that is not doing well.

We are talking tens upon tens of millions of dollars.

Gwyneth Paltrow

Gwyneth Paltrow’s ‘endorsement’ of cryptocurrency is a shameless ad

Fresh off its false advertising controversy, Gwyneth Paltrow’s lifestyle brand Goop is now encouraging people to learn more about the fundamentals of Bitcoin and cryptocurrency – and how they can make their first investment. But before you rush to celebrate mainstream adoption, there are a few things we need to talk about.

Yesterday, Paltrow took to Twitter to share a Goop piece featuring an interview with Bill Barhydt, CEO of cryptocurrency wallet and exchange service Abra. The piece poses as an explainer on cryptocurrency and blockchain tech, but really – it reads like a shameless ad for Abra.

After glossing over the hackneyed arguments for blockchain – like lower fees (a highly contentious argument), censorship resistance, and heightened security measures (Goop refers to Bitcoin as “unhackable”) – the piece goes on to promote Abra and the benefits of using it. – Source

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