3420: I Will Never Recommend Crypto by Kevin of Financial Panther on Alternative Investing

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 12 January 2026

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3420: Kevin from Financial Panther lays out a clear and grounded case against investing in cryptocurrency, emphasizing its speculative nature, environmental cost, and potential for scams. Instead, he champions proven, low-risk strategies like investing in index funds and building personal assets, showing that financial success doesn't require chasing risky trends. Read along with the original article(s) here: https://financialpanther.com/i-will-never-recommend-crypto/ Quotes to ponder: "The great thing is you don’t need any big wins to win at investing." "Investing isn’t a get-rich-quick scheme. It’s a long game, and the formula to win is pretty simple." "It’s not about that one big win. It’s about consistently putting in the work and having the patience to keep going over the long term." Episode references: The Little Book of Common Sense Investing: https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/1119404509 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:56.8	Agent at Northwest Registeredagent.com slash ofd free. This is Optimal Finance Daily. I will never
1:06.4	recommend crypto by Kevin of Financial Panther.com. Not too long ago, a reader sent me a message,
1:14.4	letting me know that someone had created a fake Instagram account of me and was DMing people
1:19.2	telling them to invest in some crypto scheme. I'm not a big-time influencer by any means,
1:25.5	so it's a bit flattering that some scammer thought I was a big
1:28.7	enough personality to work my persona into their scam. Interestingly enough, though, I write about
1:35.0	different things to make extra money, and some of the things I do, like opening new credit cards
1:39.8	and bank accounts to earn sign-up bonuses, do seem sort of sketchy. It's not completely unbelievable
1:46.4	that maybe I could be into crypto. So in the interest of completeness, let me make things clear.
1:53.3	I will never recommend crypto. I have personal objections to it, including the following.
2:00.2	I think it's a terrible use of energy and
2:02.4	resources. Bitcoin, for example, uses more energy than entire countries. It has no value beyond
2:09.9	speculative value. That is the only reason you're buying crypto is with the hope that someone
	...

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