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Main Street Business

329: What the Hell is Cryptocurrency Anyway?

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4584 Ratings

🗓️ 3 March 2021

⏱️ 57 minutes

🧾️ Download transcript

Summary

Join Mark and Mat as they break down the basics on what cryptocurrency is, how it was created, how to invest in it, and what the future may hold. Learn more, search for previous episodes, and subscribe to Mark and Mat's newsletters at www.mainstreetbusiness.com Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 ...

Transcript

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0:00.0

Welcome everybody to this week's episode of Main Street Business, Main Street Business Podcast.

0:12.1

My name is Mark Kohler, co-host with my amazing law partner, Matt Sorensen.

0:17.9

Excited to be here with you, talking cryptocurrency today.

0:22.8

And I was able to get the green light to interview Matt Sorensen.

0:30.0

So welcome to the show, Matt.

0:32.2

Oh, that was Mark just throwing down how this is going to go today.

0:37.2

He's like, in case you didn't know. I know Jack Shiz. this is going to go today. In case you didn't know.

0:39.5

I know Jack Shiz.

0:40.6

We're going to make sure.

0:43.6

No, no.

0:44.4

I got some good stuff too.

0:46.4

I know enough to be dangerous.

0:48.4

So this is a big topic, cryptocurrency.

0:52.2

This is the future, folks.

0:54.0

You got to learn about it in one way or

0:55.7

another. Whether you want to invest in it or start using it now is another thing. But it's just a

1:01.4

really good conversation and know about and be aware about we've been knee deep in it for years

1:06.8

with clients buying it and investing in it with their retirement accounts. And I'll give a little update what you can do with your account at directed IRA where you can trade directly out of it. But we just want to go over it from a big picture topic. Like what the hell is it if, you know, pardon my French. And how can I use it? How can I invest in it? Just what do I need to know? You know, so I can sound cool at the next, you know, cocktail party I'm at. Yeah. And I think Matt just said, this is the new normal. If I hear that again, I'm going to punch someone in the face. I don't think I said that. I said this is the future. I know. I know. I'm just playing. Matt's head was code for. sorry, the new normal. I was just going to go on a little rant.

1:46.2

I'm sick of hearing the new normal, the new normal.

1:48.7

This is a new normal, folks.

1:49.8

It's the new normal folks, new normal.

1:51.8

Yeah.

...

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