The Rise & Fall Of The Crypto Bro

The Financial Diet

TFD

Business

4.3 • 548 Ratings

🗓️ 26 September 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Thanks Avast.com for sponsoring this episode! https://www.avast.com Welcome to our all-new podcast series Too Good To Be True, covering financial scams and scam artists. Too Good To Be True is a 9-part miniseries dropping every Monday in The Financial Confessions feed on your preferred streaming platform. The Financial Confessions will be back on Monday, November 7th! In this episode, hosts Ryan + Julia take us on a journey through the world of crypto and alternative currencies. Episode 1, Part 1: https://www.youtube.com/watch?v=ZsgcAGtdkRY& Episode 1, Part 2: https://youtu.be/HgSkg9WwCPs Episode 2: https://youtu.be/ykbhn_PKge4 Follow Ryan on Twitter! https://twitter.com/ryanhoulihan Follow Julia on Two Cents! https://www.youtube.com/c/TwoCentsPBS The Financial Diet site: http://www.thefinancialdiet.com Facebook: https://www.facebook.com/thefinancialdiet Twitter: https://twitter.com/TFDiet Instagram: https://www.instagram.com/thefinancialdiet/?hl=en

Transcript

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0:00.0	Before we get started, I want to thank Avast for supporting this episode of Too Good to be True.
0:05.3	With Avast One, you can confidently take control of your online world by helping you stay safe from viruses,
0:11.5	fishing attacks, ransomware, hacking attempts, and other cybercrimes.
0:16.1	Learn more about Avast1 at Avast.com.
0:40.0	Welcome to Too Good to Be True, an investigative podcast about exposing the scams, schemes, and financial cults trying to separate you from your money.
0:40.8	I am Julia Lorenz Olson.
0:43.4	I'm the co-host of PBS's Two Sense and an accredited financial counselor.
0:48.9	And I'm journalist and editor Ryan Holahan.
0:50.9	What a dank hole are we going to be burrowing into today, my friend? Well, I hope
0:59.2	you're in the mood for ones and zeros because today is cryptocurrency day. Okay, can I just say,
1:06.5	so on my show that, you know, I produced for PBS,
1:11.9	we have done at least two episodes on cryptocurrency.
1:16.0	And I swear to God, I still don't.
1:17.6	I still don't get it.
1:19.2	Like I really understand it.
1:20.5	I am a professional day to day financial planner and advisor.
1:25.1	I have been around this for so long.
1:27.4	And I still don't feel like I
1:29.4	fully have my hands around it. Like I could explain the core concept easily to people. Like I could
1:40.0	a stock or a bond. Like it just, it just seems so ephemeral and elusive and weird.
1:45.8	Yeah.
1:46.2	I think the thing about cryptocurrency is that it is technically like from an engineering
	...

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