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Transcripts for CNN New Day Weekend With Christi Paul and Boris Sanchez 20240604 10:39:00

I know you have heard it. de-centralized and digital cryptocurrency has been described as the future of money. it s made investors extraordinarily rich. others have lost millions. including, in the last week, when several cryptocurrencies collapsed, even those believed to be among the most stable. that raised alarm among some of the nation s top-financial regulators. reporter: it s touted as nearly impossible to counterfeit, fast to transfer, keeping users anonymous, and not beholden to any central bank. the appeal of cryptocurrency has led to skyrocketing value. its market cap peaking at $3 trillion before, recently, dropping to 1.2 trillion. well, it is the future of currency. it is an unstoppable financial vehicle that is going to take over the world. i get it. but, uh, what is it, man? ....

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