>>> TIME NOW FOR OUR SPECIAL
NETWORKWIDE SERIES CRYPTO
UNIVERSE.
>> FROM SPLASHY SUPER BOWL ADS
TO SOCIAL MEDIA CRYPTO IS
EVERYWHERE.
>> ABOUT A FIFTH OF ALL
AMERICANS HAVE INVESTED IN,
TRADE ORDER USED CRYPTO.
>> A FIFTH?
THAT'S CRAZY.
STEPHANIE RHULE IS HERE TO GIVE
US A CRASH COURSE IN CRYPTO.
AND THIS MORNING'S "ON THE
MONEY."
STEPH, THANKS FOR WAKING UP
EARLY.
>> DON'T LET YOUR EYES ACROSS.
WE'RE JUST GOING TO SLOW THIS
DOWN AND DO IT.
>> WHAT IS IT?
>> CRYPTO IS AN UMBRELLA TERM
FOR SOME DIGITAL ASSETS.
BITCOIN, ETHERIUM ARE SOME OF
THE BIG ONES.
WHERE THE DO THEY GET THEIR
VALUE?
DEMAND MAKES THE VALUE GO UP.
THEY RUN ON WHAT'S CALLED "BLOCK
CHAIN" TECHNOLOGY.
WHICH IS A DEEP CENTRALIZED
PLATFORM.
IT IS LIKE A BIG PUBLIC DIGITAL
LEDGER.
HOW IS THIS DIFFERENT FROM PAPER
MONEY?
FIAT MONEY?
WELL PAPER MONEY IS USUALLY
BACKED BY A GOVERNMENT.
THIS IS ALL ON ITS OWN.
ANYONE CAN PARTICIPATE IN THE
PUBLIC MARKETS.
SO YOU WANT TO THINK ABOUT IT.
AND IT IS A LOT RISKIER.
>> WHERE IS IT STORED?
>> IN THE SAME WAY THAT YOU
WOULD PUT YOUR MONEY IN A BANK
ACCOUNT TO KEEP IT SAFE, YOU
WOULD PUT IT IN A DIGITAL WALLET
TO KEEP IT SAFE.
>> MY GOODNESS.
>> I'M HAPPY WE'RE TALK ABOUT
IT.
WE ALL SEE IT EVERYWHERE AND
THERE ARE PEOPLE WHO GET AND IT
THEY ARE MAKING MONEY OR NOT.
AND I'M HERE LIKE WAIT.
LOT OF PEOPLE WHO WANT TO GET
IT.
WANT TO UNDERSTAND IT, FOR
EXAMPLE.
WHAT DO YOU USE CRYPTO FOR.
>> SOME PEOPLE USE TO IT BUY AND
SELL THINGS.
FOR THE MOST PART IT IS
INVESTING LIKE STOCKS.
FOR SOME PEOPLE IN CERTAIN PARTS
OF THE WORLD WHERE THEIR
GOVERNMENT MIGHT NOT BE AS
FINANCIALLY STABLE OR SECURE AS
HERE IN THE U.S., THEY MIGHT BUY
CRYPTOCURRENCY AS A WAY TO HEDGE
THEMSELVES AGAINST MAYBE
CORRUPTION, GOVERNMENT COLLAPSE.
BUT REALLY THINK OF IT MOSTLY
LIKE A STOCK.
AN INVESTMENT.
STOCKS, THERE IS RISK.
>> YEAH.
AND YOU HAVE TALKED ABOUT RISK A
FEW TIMES HERE.
WHAT ARE THE PIT FALLS OF
INVESTING IN CRYPTO?
>> THERE ARE LOTS AND LOTS OF
THEM.
YOU GO TO PARTIES AND PEOPLE ARE
LIKE OH I MADE ALL THIS MONEY IN
CRYPTO.
NO ONE EVERY TELLS YOU ABOUT THE
MONEY THEY LOSE.
>> EXACTLY.
>> PEOPLE DO.
YOUR BROKERS ARE NOT FDIC
INSURED.
SAY YOU GET HACKED.
THERE IS NOT THIS GOVERNMENT
BACKED INSURANCE POLICY THAT
COMES IN.
IT IS BUYER BEWARE.
YOU MIGHT BE ABLE TO BUY SOME
INSURANCE BUT IT IS MUCH MORE
COMPLICATED.
BECAUSE IT IS VERY NEW PLATFORM.
THERE ARE SCAMMERS OUT THERE.
THERE IS NOT A LOT OF REGULATION
FOR THE GOVERNMENT PROTECTING
YOU.
AND WHEN REGULATION DOES COME,
IT COULD CLAMP DOWN THIS MARKET
WHICH MIGHT NOT MAKE IT GREAT
FOR THE VALUE.
THE MOST IMPORTANT THING, DON'T
JUST BUY IT BECAUSE YOU HEARD AT
A PARTY YOU MADE ALL THIS MONEY.
YOU HAVE TO DO YOUR HOMEWORK.
>> SPEAKING OF THAT, STEPH.
WE HEARD ALL THESE PEOPLE MAKING
MONEY THERE --.
IS IT TOO LATE TO BUY?
AND IF YOU WANT TO DO IT, HOW DO
YOU BUY IT?
>> PEOPLE ALWAYS SAY IS IT TOO
LATE TO GET INTO THE PARTY?
WHAT I TRY TO REMIND PEOPLE.
THIS IS NOT A PARTY.
INVESTING YOU ARE IN THE DEEP
END OF THE POOL.
YOU WANT TO USE A REPRESENTABLE
BROKER.
YOU WANT TO USE A WELL KNOWN
BROKER.
DO YOUR HOMEWORK ON THIS.
AND DON'T PUT ALL YOUR
INVESTMENT MONEY IN BITCOIN YOU.
DON'T WANT YOUR WHOLE RETIREMENT
SAVINGS AND GO BITCOIN OR BUST.
IT SHOULD BE ONE PART OF YOUR --
>> --
>> RAISE THE ROOF!
BITCOIN OR BUST!
>> MAKE IT PART.
AND JUST REMEMBER, IT COULD BE
HIGH RETURN AND THAT MEANS IT IS
HIGH RISK.
SO YOU JUST WANT TO CONSIDER ALL
THESE FACTORS.
AND ETF, THIS IS A PORTFOLIO OF
A BUNCH OF DIFFERENT THINGS.
>> SAFEST WAY.
>> A LITTLE SAFER.
>> CAN I JUST GIVE YOU LIKE 300
DOLLARS, YOU DO IT FOR ME?
>> YOU KNOW WHAT AND I WON'T
TELL YOU HOW IT PERFORMS.
>> -- CAN I ASK YOU THAT?
>> IS THAT A PERSONAL QUESTION?
>> I DO HAVE SOME.
BUT NOT A LOT.
I AM CERTAINLY NOT ONE OF THE
BITCOIN BILLIONAIRES OUT THERE.
>> CRYPTO WITH SUPERMANS DOG.
>> STILL IS.
>> THANK YOU SO MUCH.
I DID INDEED.
ALL RIGHT.
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