Thirsty Investors Are Taking Out Mortgages on their Homes to Cop Bitcoin by Complex News

Being an adult of a certain age, I'm OK with sharing this fact with you: I don't understand the first thing about bitcoin. I mean, I've heard about cryptocoin mining and have had people tell me to invest in it, but how does one do any of that? I couldn't tell you. Hell, even though bitcoin is said to (somehow) be more valuable than McDonalds and Disney, I didn't even realize there were physical bitcoins until I found the above photo for this very post. Anyways, like I said, heads have been talking about investing in bitcoin HEAVY over the last week or so. Apparently, it's gone up as high as $19,000 per unit at one point (jumping more than 1,000 percent since the beginning of 2017), and is currently hovering around the $16,000 mark. This has people going nuts trying to invest as much as they can, even to the point of taking out mortgages on their homes to invest in Bitcoin. Why? Because people will do anything when something as sought-after as bitcoin is in its "mania" phase. Subscribe to Complex News for More: http://goo.gl/PJeLOl Watch 'Complex Live' on Go90 here: https://www.go90.com/shows/11cHKK3D2iU Check out more of Complex here: http://www.complex.com https://twitter.com/Complex https://www.facebook.com/complex https://www.instagram.com/complex/ https://plus.google.com/+complex/ COMPLEX is a community of creators and curators, armed with the Internet, committed to surfacing and sharing the voices and conversations that define our new America. Our videos exemplify convergence culture, exploring topics that include music, sneakers, style, sports and pop culture through original shows and Complex News segments. Featuring your favorite celebrities, authoritative commentary, and a unique voice, our videos make culture pop.

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