How Does Cryptocurrency Work? Crypto Explained
In this video, we explain the basics of cryptocurrency, including what it really is, why blockchain is so important, and what’s up with NFTs. I’m sure we’ve all had that conversation with a friend where you both are like…what is crypto? We want you to walk away from this video with confidence that you can now answer this!
✍️ HELPFUL LINKS ✍️
✦Learn more about Wealthfront 👉 https://bit.ly/3nBMUui
✦Check out our blog on how you can get exposure to Crypto at Wealthfront 👉 https://blog.wealthfront.com/cryptocurrency-exposure-at-wealthfront/
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🕒 TIMESTAMPS 🕒
00:00 — Intro
00:13 — What is Cryptocurrency?
02:30 — Who holds custody of your crypto?
03:35 — What is Blockchain?
04:30 — What is DeFi?
05:20 — What are the types of cryptocurrency?
06:24 — What are NFTs?
07:35 — What gives crypto value?
Sources
https://www.investopedia.com/terms/c/cryptocurrency.asp
https://www.cnbc.com/2021/11/19/over-10-billion-lost-to-defi-scams-and-thefts-in-2021.html
https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million
https://www.newyorker.com/magazine/2021/12/13/half-a-billion-in-bitcoin-lost-in-the-dump
📝 DISCLOSURE 📝
The information contained in this communication is provided for general informational purposes only, and should not be construed as investment or tax advice. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Wealthfront Advisers and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisors to discuss tax-related matters specific to their situation. Investment advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser, and brokerage products and services are provided by Wealthfront Brokerage LLC, Member FINRA/SIPC.