Here’s John Oliver’s Hilarious Explanation of Cryptocurrency

"You're not investing, you're gambling."

Here’s John Oliver’s Hilarious Explanation of Cryptocurrency

"You're not investing, you're gambling."

If you’ve seen Forbes’ first ever list of so-called bitcoin billionaires, or read about how the Winklevoss twins turned it all around, you know that cryptocurrency is the latest craze (or bubble?) that everyone in the business world is gossiping about. The news is awash with stories of how people got rich virtually (no pun intended) overnight, and, in spite of Warren Buffet’s cautionary words, everyone is trying to get in on this Internet gold rush.

There’s only one problem: no one really understands what bitcoin is. As John Oliver expertly puts it in a clip from Sunday’s episode of Last Week Tonight, which has now gone viral, cryptocurrency is “everything you don’t understand about money combined with everything you don’t understand about computers.”

That being said, Oliver does actually understand it, so if you’re looking for a hilarious explanation in under 25 minutes, here’s your guide. And for some much simpler ways to make a buck, here are 52 Ways to Be Smarter with Money Right Now.

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