675 - Should You Invest in Cryptocurrency?

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.6 • 1.8K Ratings

🗓️ 10 March 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You may be hearing a lot about cryptocurrencies like Bitcoin and Ethereum lately. And it all sounds complicated! Laura answer's a listener's question and breaks down what crypto is, how it works, and whether investing is the right move. Read the transcript. Check out all the Quick and Dirty Tips shows. Subscribe to the newsletter for regular updates. Join the conversation on Facebook and Twitter. Links: https://www.quickanddirtytips.com/money-finance/investing/should-you-invest-in-cryptocurrency https://www.quickanddirtytips.com/podcasts https://www.quickanddirtytips.com/subscribe https://www.facebook.com/MoneyGirlQDT https://twitter.com/LauraAdams

Transcript

Click on a timestamp to play from that location

0:00.0	Hey everyone and thanks for joining me this week. My name is Laura Adams and I'm your
0:10.9	Money Mentor. I'm a personal finance and small business expert, author and educator
0:16.3	who's been hosting the Money Girl podcast since 2008. The mission here is to help you get
0:21.6	the knowledge and motivation to prioritize your finances, build wealth and have more security
0:27.6	and less stress. I create every show to give you actionable strategies and practical advice
0:34.4	so that you can take your financial life to the next level. Today's episode is 675,
0:41.2	called Should You Invest in Cryptocurrency. This episode comes courtesy of Jimmy Why, who sent
0:48.9	me an email question recently. And by the way, if you want to send me an email with a question
0:54.4	or an idea for a future show topic, I would love to get that from you. You can use the contact
1:00.5	page at LauraDatams.com. Or if you want to leave a voicemail message, just call 302-364-0308.
1:13.5	So Jimmy says cryptocurrency seems to be mentioned more in the news lately. Have you podcasted about
1:20.6	cryptocurrency as an investment option? Well, thank you for your question, Jimmy. No, I have not
1:26.7	done a podcast specifically on crypto recently. So I do appreciate the suggestion. Yeah, you've
1:33.9	probably heard that the value of Bitcoin recently skyrocketed. It was valued at just over $10,000
1:40.8	back in October 2020. And now it's worth more than 50,000. Well, at least it was worth 50,000 as of
1:48.5	March 3rd, 2021. That's 50 grand for one Bitcoin. And every year, we hear that cryptocurrencies,
1:57.1	such as Bitcoin and Ethereum, are getting more popular for making purchases. While it's still far
2:03.3	from mainstream acceptance, many businesses, such as PayPal, Microsoft, and Overstock.com,
2:11.3	have added one or more cryptocurrencies to their platforms, and they take it as a form of online
2:16.8	payment. But does that mean you should invest in cryptocurrency? This podcast will review what
2:24.2	cryptocurrency is exactly whether you should invest in it and how to do so if you choose. So let's
2:32.6	start out with a primer on cryptocurrency. It's basically a digital money that runs on blockchain
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Macmillan Holdings, LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Macmillan Holdings, LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.