Akon Rings the Bitcoin Bell, Says It’s Foolish Not Investing In Cryptocurrency

Akon Says It Is Foolish Not To Invest In Cryptos

The famous singer and songwriter Akon has recently been focused on spreading the word about the cryptocurrency market. He has unveiled the plans to launch Akoin, his own crypto, in June and has been talking a lot about cryptocurrencies in the media since then.

During a recent interview in which the interviewer admitted that he did not understand exactly what cryptocurrencies were, Akon has told him that “nobody does”, people just invest in them because everybody is doing it and making profit out of it.

According to him, it is pretty much the same as investing in the stock market. You buy the shares of the companies that people trust the most and you know there is profit to be made. There is a lot of people investing in them, you do not really understand how it all works, but you invest. He believes that cryptocurrencies fundamentally follow some of the same principles.

He said that he was still learning about cryptos and getting more involved with them now. His new token, Akoin, will be an investment in the future of Africa. He compared cryptos to the change of media between cassettes do CD, mp3 to streaming and others examples from the music industry. According to Akon, you are a fool if you do not see the cryptocurrencies as a good investment.

Don’t Trust Akon, Learn For Yourself

At the end of the show, one of the hosts decided to invest $10,000 USD in Akoin after admitting that he did not know what he was doing but he trusted Akon because he was rich. The producers did advise people not to invest on trust, though, as it can be dangerous. According to them, it is better to learn about the cryptocurrencies before you invest.

Akon has also seized the opportunity to state that people will be able to buy Akoin from ATMs in the future.