Apr 20, 2021
In this episode, The Annuity Man discusses:
- What cryptocurrency is and how blockchain works.
- Losing Bitcoin and the future of the cash dollar.
- Looking at cryptocurrency as an investment.
- Normalizing cryptocurrency with direct and indirect regulations.
Key Takeaways:
- It is a speculation tool, an investment, but a very speculative one. That is, an investment in a new technology called Blockchain.
- Blockchain is the internet of things, of assets. Bitcoin is the application running on the blockchain.
- Right now, Bitcoin and other cryptocurrency transactions are essentially untraceable.
- Blockchain is a technology that is not going away.
"I don't believe that [Bitcoin is going to replace currency] until something is done via either government regulation or private regulation, that makes it a more stable, valued digital entity." — Owen Schrum
Connect with Owen Schrum:
Website: schrumpw.com
Twitter: twitter.com/SchrumOwen
LinkedIn: linkedin.com/in/owen-schrum-24319417
Connect with The Annuity Man:
Website: TheAnnuityMan.com
Email: Stan@TheAnnuityMan.com
Book: Owner’s Manuals
YouTube: Stan The Annuity Man