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.
To discover more amazing secrets about living your best life, click here to sign up for our FREE daily newsletter!
50 Totally Amazing Facts We Learned from Snapple Bottle Caps
These crazy bits of trivia will leave you thirsty for more!
50 “Rare” Events That Happen All the Time
Um, being born with teeth is how common?!
30 Funny Fall Memes for People Who Are Obsessed With Autumn
Celebrate the season with these really gourd memes!
12 New Stars About to Burst Onto Your TV Screens This Fall
Tons of budding talent is coming from the small screen.
Couple With Down Syndrome Has Sweet Reunion
"It truly was love at first sight!"
25 Pieces of Rustic Farmhouse Décor That Will Completely Change Your Home
Eat your heart out, Joanna Gaines.