Dan Olson, Part 2 - Charismatic Leaders and the Cult of Crypto

Trust Me: Cults, Extreme Belief, and Manipulation

Exactly Right and iHeartPodcasts

Society & Culture, True Crime, Comedy

4.5 • 2.6K Ratings

🗓️ 25 March 2026

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Dan Olson, creator and host of YouTube channel Folding Ideas, returns to continue the conversation on cryptocurrency and NFTs. They discuss how these bubbles are driven primarily by charismatic leaders, why success rates of investment are similar to MLMs (read: the vast majority of investors don’t win big), and how there’s a lot of shame around having lost money in this arena–but why more men should come forward with their stories.

Dan explains why there’s no inherent difference between scam cryptocurrencies and so-called “real” cryptocurrencies, since all are rooted in speculation and faith, where the line is between greed and just being a victim of American prosperity gospel, and what to look out for to prevent yourself from getting scammed.

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Transcript

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0:32.5	That's exactly right store.com promo code ERM Spring 26.
0:37.2	Some exclusions apply. Goodbye.
0:41.0	Trust me. Do you trust me? Would I ever lead you astray?
0:45.5	Trust me. This is the truth. The only truth. If anybody ever tells you to just trust them,
0:51.4	don't! Welcome to Trust Me, the podcast about cult, extreme belief, and manipulation from two
0:58.2	girls who've been scammed who've actually experienced it.
1:02.3	I'm Lola Blanc.
1:03.3	And I'm Megan Elizabeth.
1:04.6	It was a little redundant there, but that's okay.
1:07.0	In part two with our guest, Dan Olson this week, who is the creator and host of YouTube channel folding ideas, we are going to continue our conversation on cryptocurrency and NFTs.
1:17.7	He is going to tell us about how these bubbles are driven primarily by charismatic leaders, why success rates of investment into crypto and NFTs are likely similar to MLMs. In other words,
1:28.0	the vast majority of investors do not win big and why there's a lot of shame around having
1:32.3	lost money in this arena. But we think more men should come forward with their stories.
1:36.2	He'll explain why there's no inherent difference between scam, cryptocurrencies, and so-called
	...

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