One Millionaire Really Is Giving Away Bitcoin — But Is That a Good Thing?

Cointelegraph

Published Jul 14, 2020 09:51PM ET

Updated Jul 15, 2020 12:00AM ET

Millionaire philanthropist Bill Pulte has given away close to $150,000 this year in an attempt to promote the mass adoption of cryptocurrency. However, some critics are concerned that he may inadvertently be providing legitimacy to the masses of scammers who use fake giveaways to con new users out of crypto.

Others believe it’s a ‘self serving’ attempt to build his public profile. Pulte has nearly 3,000,000 Twitter followers, up from the 10,000 he had in July 2019.

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