Eddie Johnson, CEO of GrowMyBag.TV, offers a candid and eye-opening perspective on the perils of celebrity-backed cryptocurrencies. The crypto expert doesn't mince words as he labels celebrity endorsements a "huge red flag" for investors. He provides a comprehensive breakdown of why these star-studded coins often lead to financial losses, introducing viewers to the concept of "rug pulls" - a deceptive practice in the market that leaves the buyer high and dry.

Johnson discusses his insights with Yahoo Finance’s Jared Blikre and Sydnee Fried on "Stocks in Translation." Listen to the full episode here, or wherever you get your podcasts.

This post was written by Jimi Corpuz