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Be Wealthy & Smart

352: 3 Reasons Bitcoin Millionaire Says Don't Buy Bitcoin

Be Wealthy & Smart

Linda P. Jones

News, Business News, Investing, Business

4.8883 Ratings

🗓️ 13 December 2017

⏱️ 9 minutes

🧾️ Download transcript

Summary

Learn why a Bitcoin millionaire does not think now is a good time to buy Bitcoin.

With Bitcoin going crazy and everyone buying it, is now a good time?

Is it the best cryptocurrency to buy?

Could it be a bubble?

Here is the link to the article: https://www.cnbc.com/2017/12/11/bitcoin-millionaire-grant-sabatier-dont-buy-bitcoin.html

There is also a chart of all bubbles of assets in history that I will post on my website at http://www.lindapjones.com/wp-admin/post.php?post=13296&action=edit

Get "11 Quick Financial Tips to Boost Your Wealth" at http://lindapjones.com.

 

 

Transcript

Click on a timestamp to play from that location

0:00.0

Be Wealthy and Smart, episode 352.

0:03.0

I'm gonna live no rich life.

0:06.0

Rich life.

0:08.0

I'm pulling that's life.

0:10.0

If y'all know what I mean, put your hands up and declare with me

0:13.8

Yeah, I'm full of pay hey time I'm gonna live the good life

0:20.8

and you're gonna live the good life

0:21.3

and you're a glorious light Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and

0:30.3

bosses on be wealthy Wealthy and Smart. And now here's your host, Linda P. Jones.

0:37.0

Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor,

0:42.0

Empowering Women and Men Worldwide to Financial Freedom.

0:45.6

On today's show, we're going to talk about why a Bitcoin millionaire is suggesting that you not buy

0:51.0

Bitcoin. And this was an interesting article I found on

0:55.0

CNBC.com.

0:56.0

I've been wanting to write about Bitcoin for a while,

0:59.0

not because I wanted to recommend it or not recommended.

1:03.0

Actually, I don't want to do either.

1:05.3

I simply want to talk about some of the facts regarding

1:10.0

Bitcoin.

1:11.2

One fact is I think that blockchain technology is amazing and I think it has the

1:16.0

potential to be world changing. Having said that, there are a few warning signs with Bitcoin that I also want to talk about but it's really not for me to talk about I'm not invested in Bitcoin

1:28.9

So it's not for me to say yay or nay to you, but I wanted to bring to you the words from someone who was

...

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