More than 800 cryptocurrencies have gone bust in the past 18 months. Bitcoin is down 70% since peaking in December.

The Money Show’s Bruce Whitfield interviewed Absa Stockbrokers and Portfolio Management Chief Investment Strategist Craig Pheiffer. Listen to the interview in the audio below (and/or scroll down for quotes from it).

There are about 1600 of them [cryptocurrencies] India and China has banned them completely The first rule of investing is that you must understand what you’re investing in. Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning: 702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

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