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Venezuela and Steven Seagal involved in cryptocurrency sales

It's not known if Steven Seagal is backing Bitcoiin with his estimated US$16 million fortune. (Source: TechRadar)
It's not known if Steven Seagal is backing Bitcoiin 2Gen with his estimated US$16 million fortune. (Source: TechRadar)
The cryptocurrency craze continues as a sovereign state and a controversial celebrity become involved in the virtual currency (VC) industry. Venezuela's government has made its "petro" currency available in a presale launch, while Steven Seagal has been promoting a digital currency called Bitcoiin 2Gen.
Daniel R Deakin,

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For cryptocurrency investors who have become bored buying into Bitcoin, Ethereum or any of the other well-known VCs, today is something of a watershed moment. Firstly, the world’s first sovereign cryptocurrency has been involved in a presale launch, and if that’s not enough for potential digital currency buyers to get excited about there is also an Initial Coin Offering (ICO) for a cryptocurrency backed by a “major” film star. These are heady times for the VC industry.

The state and star involved are Venezuela and Steven Seagal, respectively. Venezuela has been advertising a presale launch for its “petro” cryptocurrency which is apparently backed by millions of barrels of oil. Considering Venezuela’s economy has been crippled for years now, it seems President Nicolás Maduro’s solution to that particular issue is to enter the VC market and sell millions of petros. Unsurprisingly, the US Treasury has warned potential petro investors to exercise caution.

If Venezuelan cryptocurrency doesn’t seem like a good investment, perhaps a VC backed by internationally renowned martial arts master Steven Seagal would be a better option? It appears that the actor has been proclaimed “worldwide ambassador” for a cryptocurrency called Bitcoiin 2Gen (the double “i” is intentional, so you can tell it’s not Bitcoin). This seems to be an opportunity for investors who, like the currency’s new ambassador, like to kick butt and live dangerously. Speculation that Bitcoiin 2Gen is based on a pyramid scheme will likely be disconcerting for wise investors.

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Daniel R Deakin
Daniel R Deakin - Managing Editor News - 2415 articles published on Notebookcheck since 2012
My interest in technology began after I was presented with an Atari 800XL home computer in the mid-1980s. I especially enjoy writing about technological advances, compelling rumors, and intriguing tech-related leaks. I have a degree in International Relations and Strategic Studies and count my family, reading, writing, and travel as the main passions of my life. I have been with Notebookcheck since 2012.
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Daniel R Deakin, 2018-02-20 (Update: 2018-02-20)