cryptocurrency we've all got that one person in our lives who goes on and on about bitcoins this

or etherum that or i don't know those board ape nfts or dogg coin dogs or whatever but the fast-moving

forever fluctuating crypto market it's taking a toll on investors.

It just crashed recently.

And some of those people who put in so much money into it, they're getting addicted.

I'm living and breathing crypto.

Before I go to sleep, as soon as I wake that's the first thing that comes to my mind.

I'm around the clock.

I'm Gustavo Ariano.

You're listening to The Times, Daily News from the LA Times.

It's Thursday, May 19, 2022.

Today, how the recent crash of the crypto market shows that obsessing over the ups and downs

of digital currency can affect people and their lives. Andrea Chang is my colleague and she covers wealth for the LA Times.

Andrea, welcome to the Times.

Thanks, Gustavo.

Okay, so before we even begin, if you could just do me the favor and

give us a brief reminder of what cryptocurrency is, why so many people and governments have so

many thoughts about it, because I always forget, so please. Sure. So simply put, cryptocurrency

is a digital or a virtual currency that can circulate without the need for a central authority, like a government or a bank.

So people are really into it because it's distributed across many computer networks.

That means in theory it's more secure.

It's nearly impossible to counterfeit.

...