23-Year-Old 'Crypto King' Has Luxury Cars Seized After $35 Million of Investor Money Vanishes
Despite a notice that the article is from a “featured partner” many people don’t understand such articles are bought and paid for—a practice that has a. The text of the Daily Caller article about Pleterski is rather ridiculous and riddled with grammatical errors, but may have been enough to convince some people with no experience in crypto that he was an up-and-coming entity who could make them rich.It’s safe to say that Aiden Pleterski is not your average 22-year old.
What makes cryptocurrency so special is the fact that its worth is not very likely to plummet like that of other more traditional currency. The main issue with regular currencies of the fact that if a country or entity needs more money, they can simply print some more, therefore causing huge value shift in the market.Pleterski’s article also claimed bitcoin is finite, which is a common defense of the cryptocurrency.
However, the whole concept of something like Bitcoin is that the amount of coins available is actually finite, meaning that those who hold and trade bitcoin aren’t going to experience huge fluctuation in value due to new batches of money being printed in order to meet demand, which in turn will cause a depreciation of the given currency.
But some investors suspect Pleterski didn’t even bother investing the money, instead pocketing it for himself, according to people who spoke with the CBC.“I don’t know if he was ever really trading,” Diane Moore, a woman who invested $60,000 with Pleterski, told theInvestors are trying to get their money back through the bankruptcy court and two civil lawsuits, but criminal charges haven’t been pursued, even though some have reported their incidents to Toronto police, according to the CBC.