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So Money with Farnoosh Torabi

1209: Crypto Week: What is Bitcoin and Why Should I Care?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 7 June 2021

⏱️ 38 minutes

🧾️ Download transcript

Summary

I’m excited to announce that this is CRYPTO WEEK! We begin with a conversation with two highly knowledgeable guests who will provide us with the BASICS. What is the history of crypto? What is bitcoin? What is the blockchain? Why should we care? My guests are Kiana Danial, author of Cryptocurrency Investing for Dummies and CEO of InvestDiva, an award-winning, internationally recognized personal investing and wealth management expert. And my colleague John Puterbaugh who is the editorial director for NextAdvisor, a personal finance publication in partnership with TIME. John has more than 10 years of experience leading editorial teams in personal finance, consumer advocacy, and local news. He’s written extensively about cryptocurrency for NextAdvisor. (The ETF referenced in the episode, that Farnoosh has purchased, is BLOK (This is not an endorsement or recommendation.) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So money episode 12 oh a crypto week part one the basics of Bitcoin and blockchain

0:07.9

You're listening to so money with award-winning money guru for new therapy each day in a 30-minute dose of

0:14.9

Financial inspiration from the world's top business minds authors influencers and from far-news yourself

0:22.1

Looking for ways to save on gas or double your double coupons. Sorry. You're in the wrong place

0:27.9

Sinking profound ways to live a richer half your life. Welcome to so money

0:34.5

Welcome to so money everybody. I'm your host Farnoosh Tarabi. It is here. We have arrived the time has come

0:41.7

We are doing this crypto week. Are we ready? I've warned you right?

0:46.7

I told you this was gonna come and I produced four episodes for us for very I find

0:54.1

informative

0:55.4

thoughtful and

0:57.4

Important episodes and a lot of the attention right now on cryptocurrency is on you know the hot investment of the day

1:04.2

Elon Musk's tweets. I'm over that. I want to talk about what is this world that we are living in that commands the need for

1:12.7

Something so technologically advanced. What are the implications of crypto? How is this maybe going to close wealth gaps?

1:20.3

I want to talk about the deep stuff. That's why I have this podcast

1:23.8

I know that you're going to be along for the ride

1:26.4

We're going to dive deep into this cryptic world of Bitcoin and blockchain this week NFTs and much more

1:32.8

I have some fantastic guests lined up for us who are need deep in this space

1:37.7

But at the same time have a very what I find to be thoughtful measured and insightful approach to explaining this

1:45.1

I don't know what you call it phenomenon

1:47.2

We will have four dedicated episodes. I couldn't squeeze it all into just three

1:51.8

I hope you'll stick around for all of them and I strongly encourage that you listen in chronological order because we're going to be layering on the knowledge as we go

1:59.9

My goal though is that by this weekend if you stick with us

...

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