Facebook banned James and anyone else from advertising anything related to bitcoin and other cryptocurrencies.
Altucher himself thinks this is a great idea and praised Facebook for “trying to clean up the junk content,” because there are a lot of scammers and illegal services out there. Facebook representatives said the same thing when they announced a ban on crypto ads, including the one Altucher paid for, specifically “cryptogenius discovered a new bitcoin.”
Altucher says he earned $11 million in 2016 before the recent crypto boom. It distributes free content on Facebook, podcasts and other outlets, and charges subscription fees for services offering digital currency selection and financial advice.
Altucher is currently selling a "Crypto Trader" package that includes "crypto masterclasses with six videos" and other services for $2,000.
The following are excerpts from Altucher's emails in response to Please comment:
"About a year ago, I made $100 million + a hedge fund in the crypto space. I spent it all building up a robust cryptocurrency research service. I hired people, wrote a book, created an education club, and sent reports to subscribers every week. In addition to my regular content on entrepreneurship, health, and wealth, I also added a section on digital currency.
I wanted to help. to many people, not just a few. I hope that more attention in the crypto space will be paid to the educational process. Now advertising and services are starting to focus on the huge number of people who simply need to learn what bitcoin is.
It is an attractive opportunity, but like any financial opportunity, it involves the existence of schemers and charlatans.
I used to work with Rob Koinen (the Facebook product manager who wrote the press release), I was on the board of directors of his last company, Optimal. He is a pro in this space and knows what he is doing. Overall, this ban will be beneficial for the cryptocurrency space."
According to https://www.cnbc.com
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