This recent FT article attempts to make a story about the Crypto bros descending on ‘Silicon Bali’ going on to point out “It’s very heavy on males. White males, people in their early twenties”. That is probably accurate.
But then FT goes on to highlight one failed crypto scheme in Bali:
“Those in the crypto community are not blind to the local businesses struggling around them. Last year, an anonymous group launched Bali Token, a crypto token. According to its website, it can be used as a “discount voucher” at “any tourism spot in Bali”, helping “million of Balinese . . . to stay strong during Covid-19”. The token’s value has plunged nearly 100 per cent since its peak in January”
The team behind the failed “Bali Token” is far from anonymous as claimed in the article – nor do seem to be part of the recent influx of crypto bros: See link from 2021: