news hardware Paid to predict Bitcoin’s price, this astrologer now faces criticism
Maren Altman, a famous astrological influencer who offers her services to analyze the market and make predictions for several cryptocurrencies, is currently facing criticism from critics. The influencer must now be held accountable for potential partnerships and conflicts of interest after the disclosure of multiple legal documents that undermine her honesty.
Maren Altman, the astrologer of bitcoin and other cryptos
You certainly know the Wall Street traders and their technical analysis, which is punctuated by numerous graphs and curves of all kinds. Only, it could be that this system is no longer up to date…
Maren Altman found another, less tedious (but not necessarily more efficient) method. This uses astrology to predict the price of different cryptocurrencies like Bitcoin or Ethereum. If the method may surprise, it seems that people are convinced of this approach since his YouTube channel has more than 200,000 subscribers.
While everything went well despite the crypto winter, the influencer has been in turmoil for a few days.
Astrology to predict bitcoin and crypto prices, but not only…
The crypto seer is accused of directing some of her predictions out of sheer conflict of interest. A court document was released on Twitter containing a $30,000 payment to Maren Altman. The issuer of these two transfers is neither more nor less than Celsius Network.
If this company means anything to you, it’s because it gained notoriety following its bankruptcy last July, in part following the fall of crypto. The crypto lending platform had caused a lot of conversation, especially after the suspension of its users’ accounts. After filing for bankruptcy, Celsius still owes its users 4.7 billion dollars.
Coming back to the case of Maren Altman, it is important to note that this platform had its own cryptographic token: the CEL. In several of her videos, the influencer has in particular touted the qualities of this platform without mentioning the token. While several of these partnerships are common within the crypto ecosystem, the problem in Altman’s case stems from the fact that the influencer has hidden the nature of the collaboration from her community.
Specifically, Altman’s contract with Celsius said she was to be paid $15,000 per month “in exchange for two YouTube mid-roll video ads per calendar month and two mentions of Celsius on Tik Tok.”
The Bitcoin astrologer faces a tornado on Twitter
With 1.8 million subscribers on TikTok and its various social networks combined, many of its followers feel duped. Many believe the analyzes have been skewed by this partnership. Several critics on Twitter say the YouTuber has created a favorable climate despite Celsius’ cash problems.
“My mistake was trusting Celsius”, “No idea, no visibility on anything other than my marketing campaign.” says Coindesk’s Maren Altman, facing accusations for her take on the company’s plight.
In that interview with Coindesk, Altman finally admitted that Celsius paid her for that promotion. An ad she feels is “no different than a fashion ad for a company.”
She also took the opportunity to condemn the statements she was targeting, which she describes as a “witch hunt”. In fact, the YouTuber seems to have become a scapegoat for the Celsius company since the incriminating documents were released.
