Cryptocurrency is dead in the mind of most investors. What started as an awe-inspiring investment reaching massive multiples in just months, quickly became a subject of contention within the investing community. Some more traditional investors called cryptocurrency an outright fraud, while others claimed it was the final puzzle piece in the battle for a stable fiat currency. Now, with many crypto prices down, is there any reason to invest?
For long-time listeners of the “BiggerPockets Money Podcast,” you’ll know that hosts Scott and Mindy don’t have a terribly favorable view of cryptocurrency. Not because they think it’s illegitimate, but because of its massive volatility that has borderline bankrupted many inexperienced investors. We wanted a deeper insight into why cryptocurrency could be worth investing in, so we brought Laura Shin onto the show.
Laura is host of the “Unchained” podcast, where she updates the crypto community on the latest news stories, price action, and more. Laura is an agnostic crypto investor with a level-headed view of the benefits and risks of investing in this volatile asset. She gives us a masterclass on the current state of cryptocurrency, the history of Bitcoin, why assets like Ethereum may be more valuable, and why exchanges like FTX are not to be trusted.
00:00 Intro
01:58 A Deep Dive on Cryptocurrency
10:31 Crypto and Decentralized Assets Defined
20:17 Bitcoin vs. Ethereum
32:50 The Current State of Crypto
40:21 FTX, Fraud, and Keeping Your Crypto
49:09 Were We Wrong About Crypto?
Show Notes at:
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Bitcoin: Investing Fad or Final Bullet to Fiat Currency?
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Choosing the Right Investment Type for Your Goals with David Stein:
Choosing the Right Investment Type for Your Goals with David Stein
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Learn More from Laura:
Podcast: https://unchainedpodcast.com/
Book: https://www.amazon.com/gp/product/1541763017
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Episode 375
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1 Comment
Now we're talking, this is the type of guest that actually matters regarding crypto… Plus, don't say "only invest what you're willing to lose" (which is totally perfect), but it's important to also le people know there are use cases without the need of thinking in actually investing in crypto (and hence without fear of losing money)… An example: I receive payments from clients on Europe, the US and Latin America in USDC for free (transaction fee is around 0.00001 USD per transaction), then I can just switch to my local currency here in Chile for free too, if that's not a game changer then I don't know what it is haha