You had your best-laid plans and then COVID-19 came along and hammered the entire economy. But you’ve got this – if you have the right information. Join Rob Carrick and Roma Luciw on Stress Test, a podcast guiding you through one of the biggest challenges your finances will ever face.
ROMA: Do you invest in crypto? Are you worried about missing out on the trend? Cryptocurrencies have been in the spotlight because of their dramatic ups and downs.
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ROB: So what are people who buy cryptocurrency thinking? And what should you know before investing?
ROMA: Welcome to Stress Test, a podcast about personal finance for Gen Z and millennials. I’m Roma Luciw, personal finance editor at The Globe.
ROB: And I’m Rob Carrick, personal finance columnist at The Globe and Mail.
ROMA: So, Rob, by now, everyone has heard of cryptocurrencies. Everyone’s talking about it. But I wonder how many people understand exactly what it is and how it works? How about we begin with a definition of what crypto is?
ROB: Let me take a stab at that. Cryptocurrency is a digital or virtual currency that exists independently of central banks and governments. The term crypto refers to the fact that encryption is used in the creation of currency units, and it helps transfer them from person to person. Crypto transactions are tracked using blockchain technology, which is a way of digitally keeping records that require no central authority to manage…
