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Chris Murphy: “80% of people who make investments [in cryptocurrency] lose…”

Featuring: Chris Murphy, Democratic | U.S. Senate from Connecticut

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Senator Chris Murphy Sounds Alarm Over The Volatility Of Crypto Investments

Published | Video Starts at 02:05

… the inside information, especially when it comes to these, you know, totally, totally worthless meme coins, you're going to be a loser. And some of the stats suggest that like 80% of people who make investments [in cryptocurrency] lose money. And that might be a best case scenario when it comes to some of these schemes. So it's just not true that this is democratizing finance or the ability for people to get rich. (02:05–02:09)

CLAIM

Asserts that a significant majority of cryptocurrency investors incur losses.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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