You know you’re in trouble when you’ve lost Carlos Matos.
The walking meme made famous by his unbridled enthusiasm for Bitconnect, a cryptocurrency project strongly resembling a Ponzi scheme that shut down its lending and exchange platform in January, is now here to offer some measured words of caution. Namely, stay the hell away from bitcoin.
“Bitcoin Is A Scam,” he tweeted on October 26. “Sell Everything It’s NEVER Going Back Up”
Bitcoin Is A Scam. Sell Everything It’s NEVER Going Back Up
— Carlos Matos (@CarlosMatos80) October 26, 2018
Matos, of course, is best known for promoting a likely scam himself. He launched into meme infamy in October of 2017 after a video of him singing Bitconnect’s praises went viral.
Importantly, this was all before the price of a BCC token shot up to around $437, and then crashed back down to its current price of $.67.
If you haven’t seen the clip, recorded at a Bitconnect gala in Thailand, you should go ahead and watch it now. We’ll wait.
His proclamations of “I love Bitconnect!” were endlessly remixed, and Matos — a self-proclaimed Bitconnect investor — quickly became the face of the project.
Needless to say, none of this worked out so well for him. Even John Oliver took a swing at Matos on Last Week Tonight.
And while Matos surely regrets the day he heard of Bitconnect, you can’t say he didn’t learn anything from the mess he helped create.
Which, to be clear, is that bitcoin is a scam.