Gregory Rocco · March 12, 2018 · 5:30 pm
The recent cryptocurrency craze has new investors throwing plenty of money into questionable digital assets, and markets with volatility they aren’t prepared for. John Oliver’s latest segment on cryptocurrency not only informs viewers of the current state of the market, but also hammers home why they should always think twice before taking the plunge.
Cryptocurrency Isn’t for Everyone
On the latest segment of HBO’s “Last Week Tonight with John Oliver,” Bitcoin and the cryptocurrency markets were given both a fair assessment and overview geared toward both the investors on the sidelines and those who were recently onboarded.
After explaining the basic premises behind both Bitcoin and blockchain technology, Oliver takes the time to caution viewers against blindly throwing money at the markets with the expectation of high returns. He also continually stressed the fact that investors should understand what they’re putting their money in, as well as to be prepared to lose it all.
Don’t worry if you still don’t understand it – most people don’t.
Citing the recent share price activity of companies that recently rebranded to include “blockchain” in their name, Oliver also points out that simply the word itself has become a magnet for investment. Earlier this year after the announcement of its own cryptocurrency, shares of Eastman Kodak jumped 60%