"Joke" Cryptocurrency Hits Jackpot

A man created a cryptocurrency as a joke called “SCAM,” now it’s worth $70 million. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/tyt/live

“As cryptocurrencies have grown in popularity and valuation, both parodies and obvious schemes have cropped up with occasionally little distinction. But nothing up until now has prepared you for SCAM, or Simple Cool Automatic Money, the wild creation of a TikToker who goes by Dre and is very open about having no clue what he’s doing as the founder of a new cryptocurrency with a $2.5 million market cap.”

Hosts: Ana Kasparian, Cenk Uygur

Cast: Ana Kasparian, Cenk Uygur

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