Why Is Crypto So Volatile?

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 16 November 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cryptocurrency is an incredibly volatile investment. There was a day this year when Bitcoin’s value dropped 30% in one day. But… why? And does that mean we shouldn’t invest in it? Today Nicole breaks it down. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.1	Wall Street has been completely upended by an unlikely player. Game stop.
0:08.8	That's a good one.
0:09.8	Ian and should I have a 401k because I don't do it?
0:12.6	No, I know.
0:14.2	What's that?
0:15.2	I don't think the whole world will revolve around you on your money.
0:17.6	What a dumb shit.
0:18.8	I think I'm dead.
0:19.8	Charge for wasting our time.
0:22.8	I think I'm dead.
0:23.8	I will take a check.
0:24.8	I think I'll pull you through.
0:26.8	You recognize her from Hank Ring on CNN.
0:29.6	The only financial expert you don't need a dictionary to understand.
0:36.2	The cold lap in.
0:37.8	Cryptocurrency is a rapidly growing industry.
0:40.9	This is not breaking news.
0:42.5	I'm sure you've heard both sides of the crypto story.
0:45.9	Crypto has made kings and queens and also poppers.
0:49.9	But those wins and losses don't necessarily come from the winners, picking good coins
0:54.6	and the losers picking bad ones.
	...

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