Crypto Makes Another Comeback: What's Different This Time?

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 13 March 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Understand the recent resurgence of cryptocurrency prices and what the future may have in store for crypto investments. Why did Bitcoin’s price go back up? Why are cryptocurrencies controversial? Hosts Sean Pyles and Anna Helhoski delve into the recent resurgence of cryptocurrency, particularly Bitcoin, after its dramatic fall in previous years. They discuss the factors behind Bitcoin's recent rally, including the upcoming blockchain reward halving and the approval of spot Bitcoin ETFs, shedding light on what this means for investors. NerdWallet investing writer Sam Taube joins the discussion to provide insights into the divisive nature of cryptocurrency, its use as an alternative investment, and the controversies surrounding aspects like mining and environmental impact. In their conversation, the Nerds discuss: bitcoin ETFs, blockchain, digital currencies, ethereum ETFs, crypto investing, cryptocurrency investments, personal finance, cryptocurrency market, bitcoin prices, cryptocurrency trading, cryptocurrency mining, cryptocurrency volatility, DeFi, cryptocurrency regulation, cryptocurrency adoption, and decentralized finance. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:35.9	Welcome to NerdWallet's Smart Money Podcast. I'm Sean Piles. And I'm Ana Helhouski. And this is our weekly
0:41.9	Money News Roundup, where we break down the latest in the world of finance to help you be smarter with your money.
0:46.9	Listeners, you may remember a couple of years ago when cryptocurrency, like Bitcoin, was all the rage.
0:52.9	Back in those salad days, Bitcoin's price was surging.
0:55.8	Celebrities like Matt Damon and Lindsay Lohan were shilling crypto in Super Bowl ads,
1:00.6	and Sam Bankman-Fried's crypto exchange made him the newest billionaire on the street.
1:04.3	But that bubble burst big time when the Federal Reserve began raising interest rates.
1:09.7	Crypto effectively collapsed. Bitcoin's price
1:12.3	dropped, celebrities clammed up, and Crypto Wonderkid Sam Banken-Fried is now in jail awaiting
1:18.0	fraud-related sentencing. From the outside, it looked like crypto had simply been a fad, until the
1:23.2	price of Bitcoin started to creep back up in late 2023. In the last few weeks, Bitcoin has seriously rallied.
1:30.3	That's right.
	...

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