Carole Baskin Turns to Crypto After Inflation Concerns

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In Brief
  • Carol Baskin is concerned about the volume of U.S. dollars that are being printed.

  • The Netflix star launches her own cryptocurrency.

  • Big Cat Rescue to introduce NFT's in upcoming weeks.

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Netflix hit docu-series Tiger King’s Carole Baskin has launched $CAT coin and turned to crypto because she believes that the U.S. dollar is being over-printed.

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At the launch of $CAT cryptocurrency, which she hopes will help fund her wildlife conservation efforts at Big Cat Rescue, Baskin stated that she didn’t trust the current U.S. fiscal system.

“I’m investigating cryptocurrencies because I am concerned about the volume of US dollars that are being printed and distributed with nothing to back them up,” Baskin said.

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The reality celebrity went on to say that she prefers the concept of a decentralized system over a conventional one.

“I like the idea of putting the power of money in the hands of the people, rather than banks and governments,” Baskin added.

Baskin has big plans for Big Cat Rescue, as she hopes to piggyback on the global rise in the popularity of crypto. She explained that the buying of the coin will give $CAT holders exclusive access to live sanctuary tours, conversations with her and her staff, as well as discounts to new merchandise and activities.

She explained that the buying of $CAT coins should be considered a donation to her wildlife sanctuaries as opposed to a store of value cryptocurrency like bitcoin;

“$CAT is not a currency for investment, but rather is a purr-ency of our fans to show their love for the cats.”

$CAT coin joins a host of other crypto charities including AidCoin and Carebit. Besides the currency, Baskin plans to launch a metaverse that will include non-fungible tokens (NFT) very soon.

“Future plans include a big cat metaverse for virtual visits with the cats … and NFTs which are launching in about two weeks.”

Big Cat Sanctuary NFTs will follow in the footsteps of Binance Charity’s NFT for Good, and Curve Finance. Curve auctioned five pieces of digital art for the Theatre Support Fund+ which helped support the theatre community in London during the COVID-19 lockdown.

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