Nigerian singer Seun Kuti has sparked a heated debate online after revealing that his sister lost a staggering ₦50 million to cryptocurrency. In a passionate video, Kuti slammed crypto, labeling it a scam designed to exploit the poor.
Kuti accused crypto promoters of orchestrating a massive wealth transfer from struggling individuals to the wealthy, likening it to gambling. He expressed frustration over his sister’s loss, stating, “I’ve been warning her, but she didn’t listen. My own blood sister lost over ₦50 million. Do you know how many Nigerians have lost millions to this?”
The video has ignited mixed reactions online, with many weighing in on the risks and realities of cryptocurrency investments. Some users sympathized with Kuti’s sister, while others criticized her for investing without proper research.
Kuti’s criticism of cryptocurrency has sparked a wider conversation about the risks and benefits of investing in digital currencies. While some see crypto as a legitimate investment opportunity, others view it as a speculative bubble waiting to burst.
