Crypto Is Not Gold | 603

I am not anti-cryptocurrency, but I have a lot of reservations when it comes to these things. I’ve invested and earned from crypto, and I believe it’s a great way to diversify your portfolio, but it is not the investment that’s going to take you to financial freedom. 

Key Talking Points of the Episode
[02:47] Invest with PreREO!
[03:40] Why do we need to talk about crypto?
[05:36] What am I doing with my crypto investments?
[06:15] When did I start investing in Bitcoin? 
[06:59] How is the situation similar to the start of the internet?
[09:11] Is it the technology or the currency?
[10:00] Why would the feds start buying Bitcoin?
[12:31] Is there stabilization in the Bitcoin market?
[13:18] What is the biggest problem with crypto?
[14:15] Why shouldn’t you gamble in crypto? 
[17:07] Where does real value come from?

Quotables

“Do not confuse the technology with the currency.”

“Well, guess what? The technology is great. It says nothing about your money being gambled inside those kinds of currencies.”

“It would not be shocking if the feds, as part of their balance sheet, went and started buying Bitcoin.”

“Here’s my problem with it - it’s not gold. It’s not something that’s had a very good history to hold value.”

“Remember, blockchain technology is separate from all these currencies.”

“It’s not about the technology, it’s about something that people have been putting their money in.”

“It’s not just about planning for your future, it’s about planning for your present.”

“You can gamble your money, but don’t bank on it.”