Since it debuted in 2009, Bitcoin has transformed from an experiential digital currency to a global asset, demonstrating its resilience and undeniable power. Even if there are flaws in the cryptocurrency’s performance, investors still choose Bitcoin, interested in the possibility of high returns. It’s possible to invest in Bitcoin directly by using one of the major cryptocurrency exchanges, such as Binance, or buy shares in a fund that holds Bitcoin. The SEC has approved the first spot Bitcoin ETF, providing access to the cryptocurrency for everyday investors.
We’ve slowly but surely moved from dealing with cash and debit/credit cards for payment to paying contactless using our smartphones and watches. Bitcoin is the cryptocurrency that’s been around the longest and is still active today. In today’s world, cryptocurrency literacy is more important than ever. Bitcoin is an integral part of our day-to-day lives, but we don’t have the necessary knowledge to make the right decisions. If you’re looking for an entertaining way to learn about Bitcoin, add these movies to your Netflix watchlist.
Cryptopia: Bitcoin, Blockchains and The Future of The Internet
Cryptopia: Bitcoin, Blockchains and The Future of The Internet (2020) is written, directed, and produced by Torsten Hoffmann, known for Kopf oder Zahl (2009), Decker (2015), and Ein mieser Tag (2018). Hoffmann is passionate about technology and emerging media formats, focusing on monetization opportunities for factual content producers. His first documentary, Bitcoin: The End of Money as We Know It, won many prizes in recognition of its quality. The 60-documentary is the product of crowdfunding, with fans paying to watch it with Bitcoin or fiat currency.
As a producer/director, Torsten Hoffmann aims to dispel negative perceptions about Bitcoin, which is still in its infancy and requires education and a new way of thinking. Cryptopia: Bitcoin, Blockchains and The Future of The Internet reexamines Bitcoin and looks into the evolution of blockchain technology, revealing the good, the bad and the ugly. For this documentary, Hoffmann leveraged his 5-year experience and global network. Much of the media coverage is fallacious or deceiving, which explains why the general public is still confused about this technology and its implications.
The non-fictional motion picture assumes no prior knowledge of the subject, following a well-structured story, so it’s accessible to all. If you’re a Bitcoin enthusiast, there’s little to learn, but you can test your knowledge to determine gaps. You can allocate future study time accordingly. Cryptopia: Bitcoin, Blockchains and The Future of The Internet is available on Netflix, so sign into your account and watch instantly on the web.
Bitconned
Bitconned (2024) is an entertaining film that revolves around three people who scam millions of investors by manipulating the cryptocurrency market, using the money to “sponsor” their lavish lifestyles. It’s basically a tale of human greed. Bitconned, directed by Bryan Storkel, best known for producing Netflix’s The Legend of Cocaine Island, was released at a time when U.S. regulators have the first-ever spot Bitcoin ETF, which is set to validate the digital asset’s legitimacy in the mainstream financial system. The documentary unveils the story of Centra Tech, a cryptocurrency company set up by South Florida hustlers.
Ray Trapani had a few runs with the criminal justice system. In 2018, he was arrested for his role in a fraudulent scheme that generated $32 million in losses. He was the mastermind of Centra’s ICO, promoted with claims of non-existent business relationships with major credit card companies, fictional executive bios, and misrepresentations about the company’s financial products. A New York Times reporter, Nathaniel Popper, exposed the fraud, unraveling the tangled web of lies. The non-fictional motion picture uses original interviews with Trapani, his family, and others engaged in the conspiracy.
Bitconned delves into the Centra Tech crypto scam’s intricacies, focusing on its creator. It’s a classic tale of greed, deception, money, and power in the modern digital age. The documentary investigates the unbelievable story of a true crime and reviews cryptocurrency’s vulnerabilities and superficial allure. Since no central authority governs cryptocurrencies like Bitcoin, no one can guarantee their minimum valuation, which can negatively impact those who’ve invested a large amount of wealth. Several speculative bubbles have marked the history of cryptocurrency.
Trust No One: The Hunt for The Crypto King
Trust No One: The Hunt for The Crypto King saw over 12 million viewing hours on Netflix worldwide. Directed by Luke Sewell, the documentary zeroes in on Gerry Cotten, the person who established the crypto asset trading platform Quadriga CX, who died in 2018 at the age of 30. Gerry Cotten is commonly referred to as the “Crypto King”. The movie explores the death, paranoia and conspiracy theories circulating among investors, unable to use or withdraw their funds. This wasn’t just any cryptocurrency exchange, but Canada’s largest, controlled by only one person.
Cotten takes an investment, converts it into Bitcoin, and trades it in the expectation of turning a profit; he founded Quadriga CX following the Bitcoin boom. Trust No One: The Hunt for The Crypto King is about intrigue, cryptocurrency, which still baffles mainstream media, and clear headed investigation. Even if the Quadriga CX case reached a resolution, many people lost their money. The documentary proves how easy it is to fall into wishful thinking; it’s not possible to become rich overnight with Bitcoin or any other cryptocurrency because the market is highly volatile and unpredictable.
When Gerry Cotten passed away in 2018, he left behind a trail of missing millions, lawsuits, and investigations. Cotten became an outspoken supporter of cryptocurrency, giving his opinion about things openly and honestly at conferences and events. He set out to bust the myth that Bitcoin is the province of hackers and hucksters. In 2018, Bitcoin had its worst-performing year, closing at more than 70% lower than its yearly open. Investors soon realized that it would take weeks, months even, to pull their money out of the Quadriga CX exchange.
Conclusion
Most of us watch films for enjoyment, but they’re a fantastic educational resource for helping us understand Bitcoin and blockchain technology. Grab your popcorn and start your lesson.
