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SFP Ep 045 – Bitcoin and Crypto Currency Explained Simply

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Bitcoin Crypto Currency

What do you know about crypto currency? In this episode, JD and Greg tackle a topic people have been talking about lately—crypto currency. Greg simplified what crypto currency means, how it works, and where it is going. They also discussed its relevance in today’s society. If you want to understand crypto currency more and what all the hype is about, don’t miss this episode!

In This Episode You’ll Discover:

  • What Greg and JD have been up to
  • The reason paper money has value
  • Simplification of the world in terms of currency
  • What crypto currency is
  • What Bitcoin is and how it varies in price
  • Understanding blockchain and how revolutionary it is
  • How Bitcoin works and how secured it is
  • Bitcoin as a reserved currency in the crypto currency world
  • What Web 3.0 would look like
  • Longevity of crypto currency
  • The relevance and value of Ripple
  • Ethereum and its smart contracts
  • Living in an age of exponential investing
  • Personal investing and self-managed super fund
  • Difference between index fund and standard managed mutual fund
  • The concept of triangulation

Links & Resources Mentioned in This Episode:

 Quotes from the episode:

Bitcoin is like a digital gold. #salesforprofit Click To Tweet Instead of trying to outperform the market, what about if we buy a slice of the market. #salesforprofit Click To Tweet Only invest the money you are willing to lose. #salesforprofit Click To Tweet

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