Popular Wall Street analysts are getting in on a hot new crypto side hustle
Business Insider1 day
Eightco Stock Surges 5,700% on $250M Worldcoin Investment
Above: The worldcoin logo displayed on a smartphone. Image copyright: Avishek Das/SOPA Images/Getty Images
The Spin
Pro-establishment narrative
Eightco's dive into biometric payments is a bold, smart move. This $6 trillion market promises faster, secure and phone-free transactions that boost retailer efficiency and customer loyalty. With Dan Ives steering the ship and a $250M Worldcoin investment, Eightco is poised to ride the AI-driven authentication wave, revolutionizing market efficiency in a world craving secure, seamless payments.
Establishment-critical narrative
These investments are part of the financial tech industry's dystopian future, where innovation masks mass surveillance and exploitation. This sector erodes privacy for profit, turning everyday transactions into data grabs. Worldcoin, with its creepy iris-scanning orbs, lures desperate people with crypto crumbs while hoarding biometrics. This is Altman's power play: a global, ID-financed universal basic income to control the world.