What We Need To Know About Crypto

1A

NPR

News

4.3 • 4.5K Ratings

🗓️ 23 February 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why is so much money flowing into crypto? Whether its ads for new apps or the big bucks behind those lobbying for digital currencies, it is here. Central Bank digital currencies (CBDC's) are coming.

People are making money. Plenty are losing money too.

Is crypto a safe space for Americans' money?

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Transcript

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0:00.0	After all the recent crypto ads I reached out to our investment counselors for their
0:13.0	take, they dabble briefly and backed out as it was too speculative.
0:18.7	As always, the question is, what's your tolerance for risk?
0:22.6	At my age, the answer is low.
0:24.4	I invested $800 worth of croat.
0:29.6	That is crypto.com's coin.
0:32.2	Turn into $8,000.
0:34.0	Once the LA Staples Center changed their name to crypto.com Center, awesome.
0:41.7	At some point you've probably been told to never invest in something you don't understand.
0:47.8	That hasn't stopped many from going all in on crypto.
0:51.3	For a moment last year, the cryptocurrency market was worth more than $3 trillion.
0:56.4	And this year, the message from crypto boosters is clear.
0:59.6	What are you waiting for?
1:00.6	Gentlemen, have you taken a leave of your sensors?
1:02.9	The people shall have the right to vote.
1:05.1	Even the stupid ones?
1:06.5	Yes!
1:07.5	Stupid people vote?
1:08.5	Yes!
1:09.5	Hey, Catherine, what's cooking?
1:10.5	We're putting a man on the moon.
1:12.5	Are you out of your mind?
	...

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