Yes it is and people are now turning to similar places and names like 'crypto currency' to basically get scammed out of their cash. People just don't learn.
People are still interested in bitcoins after all the controversy that surrounds it? Its fake, scandalous and a way to lose all your resources! Make sure to stay far from it. Just imagine, one man having the password for all, nonsense!
Unfortunately many of the young generations were too attracted by such crypto currencies hoping to get-rich-quick.
Despite their best efforts, our young generations were totally unprepared and unaware what risks they were involving themselves in. Risk all the income and life-earnings; investing large sums into crypto currency where at the end most of them lost much of their savings.
What happened to investing in a more controlled, financial-backed stock market?