Crypto in Documentaries: Banking on Bitcoin, Cryptopia, Money Electric and Arte productions
Trader's Film Library #69 · Crypto. The history of bitcoin and the bubbles around it.
Original title: Banking on Bitcoin · Cryptopia · Money Electric: The Bitcoin Mystery · Type: documentaries · Created by: Christopher Cannucciari (2016), Torsten Hoffmann (2020), Cullen Hoback (2024) · Usefulness for traders: ★★☆☆☆
What it's about
“Banking on Bitcoin” (2016) tells the early history of bitcoin and its pioneers. “Cryptopia” (2020) contrasts blockchain enthusiasts and sceptics. “Money Electric: The Bitcoin Mystery” (HBO, 2024) searches for bitcoin's creator and names a specific person, who denies it. Arte's shorter documentaries about crypto and the NFT market are also worth watching.
What it has to do with markets
The crypto market is a textbook example of speculative manias and bubbles, such as NFTs. For an index futures trader it's above all a lesson in crowd psychology and the risks of unregulated markets.
Lessons for traders
- a speculative mania looks similar in every market (herding, Atlas of biases #31)
- unregulated markets carry extra risks: exchanges, fraud, manipulation
- a vision of technology isn't a valuation of an asset
What to watch out for
“Money Electric”'s claim about bitcoin's creator is disputed and unconfirmed.
Discussion
The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →
Navigation
← #68 Gambling on Screen: Uncut Gems, Two for the Money, The Gambler · Film Library index · #70 Crypto Scandals: Trust No One, Bitconned, The Biggest Heist Ever, Crypto Boy, Crypto →
The description outlines the plot without revealing the ending where possible (true stories have a known outcome). Educational content, not investment advice.