What the Heck Is Crypto, Anyway?

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 8 August 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You’ve heard of crypto, but do you really know what it is? Do you think you could explain it to a family member who is totally clueless about this newfangled digital money? In this episode, NerdWallet crypto writer Andy Rosen attempts to explain crypto to his aunt and uncle, including what drives its valuation, how the underlying technology works and what to consider before investing in any digital currency. 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

Click on a timestamp to play from that location

0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:33.8	Welcome to the NerdWallet Smart Money Podcast,
0:36.1	where we usually answer your personal finance questions
0:38.4	and help you feel a little smarter about what you do with your money. I'm Sean Piles. This episode,
0:43.7	I am joined by NerdWallet Investing writer Andy Rosen, who is going to attempt something that some might say
0:48.8	is impossible, explaining crypto to a complete crypto noob. Welcome back to smart money, Andy. Thanks for having me.
0:57.0	So Andy, last time we talked, you answered a couple of kids' money questions. Now you're going to be
1:02.2	explaining cryptocurrency to people who don't really understand it at all. Can you explain what's
1:07.2	going on here? Okay. So I've been writing about cryptocurrency for NerdWallet for about
1:12.2	a year now, and I started to wonder, am I really any good at this? I wanted to test my ability
1:18.3	to make the topic accessible to readers. Could I explain any way that would hold someone's interest
1:22.9	who wasn't already interested in it? And hopefully help them truly understand what is going on behind the
1:29.6	scenes. Exactly. And I think this is important, not just for my job, because if cryptocurrency is
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from NerdWallet Personal Finance, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NerdWallet Personal Finance and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.