It's my pleasure to welcome you to the Clark Howard Show.

Our mission is to serve you and empower you to make better financial decisions in your

life.

In today's episode, I'm going to talk about the collapse in crypto and what that means

for you moving forward is somebody who's bought crypto or you're thinking about buying

it because, well, it seems like it's such a big deal.

That's a deal now.

Also rising housing costs, rising mortgage rates.

It's been a perfect storm for people who are trying to buy a home right now.

I want to tell you how to play today's housing market.

That's coming up later.

So, crypto has lost about 70% of its value in just a few months.

If you look at the overall crypto universe.

A number of cryptos have gone to zero.

Some were frauds.

Some were ones that worked on algorithms that their creators thought would really work

and really didn't.

And then I felt terrible about people who were lending money on these platforms.

There were a number of things that seemed to be done in good faith where you were offered

an opportunity to earn much more than you could in an FDIC or NCUA and Shared Savings Account

or CD.

And they were offering these very high rates in many cases up into the mid teens where

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