The Rise Of Cryptocurrencies Has Been Quite Steep Over The Last Few Years Introducing New Documentary Film СRYPTOPIA
Cryptopia, which is a documentary on cryptocurrency by Torsten Hoffman, an independent filmmaker, had to be released online this year due to the ongoing pandemic situation. A supremely popular European promotional tour, which included sold-out premieres in Berlin, Basel and Luxembourg, had to be cut short midway, and thus the movie was released online. However, this should not detract from it in any way. Hoffman is also experienced in the subject matter, having spent four years making this movie as a follow up to his 2014 release, Bitcoin: The End of Money As We Know It.
The rise in popularity of cryptocurrencies has been quite steep over the last few years, with many places now beginning to accept them as a form of payment. Prominent among these have been online casinos, with many online casinos offering the option to make payments and withdraw winnings in the different forms of cryptocurrency. Bitcoin gambling providers, among others, have thus become popular not just for their games, but for this option to use cryptocurrencies on the sites, and this is set to grow even more as crypto grows in popularity in the time to come. Thus, Cryptopia is actually a very interesting movie for anyone with an interest in the space to watch, along with Hoffman’s previous movie.
It is also interesting to see how Hoffman managed to produce this movie. He travelled across the world, including the super-secret Xapo vault in the Swiss mountains, and also spoke to crypto influencers such as Andreas Antonopoulous, Roger Ver, Charlie Lee and Wences Casares, among others. His first movie, which was released in 2014, was crowdfunded, and became quite popular on various illegal movie-streaming sites. Following this buzz, it was licensed for release in more than 20 countries, and also released on streaming platforms. This success meant that Hoffman was able to lean on Screen Australia, a Kickstarter funding campaign, as well as a German broadcaster for funding to travel the world for producing Cryptopia.
The movie itself documents these travels, with Hoffman also talking to people about blockchain, the technology that underpins bitcoin and other cryptocurrencies, and its wider applications outside of this space. Many experts in the field share their views with Hoffman on a variety of topics, including alternative currencies such as NEO, Litecoin and Ethereum, while there is also a discussion with one of the founders of the TCP/IP protocol that is the bedrock of the internet. The crypto space is still considered quite suspicious among the masses, due to the various scams and thefts that have been reported in the media in recent times, along with the general unfamiliarity of the public. Sharp price rises and falls have also not helped public perception, and this documentary tries to get ahead of all of this and lay out the pros, cons and future application of bitcoin, cryptocurrency and blockchain by talking to some of the most influential people in the space, on camera.
The movie itself has a global feel, with filming having taken place in San Francisco, Los Angeles, Berlin, Hong Kong, London, Tokyo, Switzerland and Melbourne. The visit to the Xapo vault is one of the highlights. Xapo is a Hong Kong-based company which provides a bitcoin wallet, a bitcoin-based debit card, and a cold storage bitcoin vault for customers. The vault itself is a decommissioned military bunker in Switzerland, dug into the mountainside, and access is heavily protected and guarded. Hoffman’s crew was the only film crew ever given access to it, and this is a definite high point of the movie, and adds to the intrigue and excitement that is generally a theme throughout the movie as well.