The Missing Cryptoqueen

2. The Bitcoin Killer

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Sep 19, 2019
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ANECDOTE

Jen Macadam's Investment

  • Jen Macadam invested 1,000 euros in OneCoin in 2016, and her investment seemingly grew rapidly.
  • Within a week, she invested another 5,000 euros, and her friends and family collectively invested a quarter of a million.
INSIGHT

Illiquid OneCoin

  • OneCoin investors couldn't exchange their coins for real currency or use them to buy anything.
  • The value of OneCoin was increasing, but the coins were essentially useless for practical purposes.
ANECDOTE

Bjorn Bjercke's Job Offer

  • Bjorn Bjercke, a blockchain specialist, was offered a job as CTO of OneCoin in 2016.
  • The job entailed building a blockchain, which Bjercke found suspicious since OneCoin claimed to already have one.
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