Adventures in Finance 18 - Bitcoin: Journey Beyond the Hype to a Universe of Applications

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.2 • 1K Ratings

🗓️ 2 June 2017

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin is all everyone can talk about and the public is downright hysterical about the price, but the price is not what you need to be focusing on. This week, we explore how Bitcoin and the underlying blockchain technology have opened up a universe of applications that have the potential to revolutionize entire industries and economies. In 'Things I Got Wrong', we speak with Jesse Felder, publisher of the Felder Report, about what he got wrong while holding a stock in a sector the government wanted dead. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Picture yourself on the beach, retired early and enjoying financial freedom.
0:08.0	If this is your dream, then now's the time to level up your investing game, and Real Vision can help you. We arm you with the
0:15.0	knowledge, the tools, and the network to succeed on your financial journey on your
0:20.7	own terms. Take control of your future and visit real vision.com
0:26.0	forward slash free. Bitcoin is all everyone can talk about right now or the only thing they've been talking
0:39.8	about it's on everyone's lips you know to the point where it's dominating the mainstream news cycle and has even created a historic frenzy.
0:47.0	I bought some Bitcoin for my kids college fund.
0:49.0	It's crazy. The price has stored over a hundred and 100% this year alone.
0:53.6	Hello, I'll lead it over it.
0:55.1	I'm a quite close man, I can't believe I didn't buy the price
0:58.4	on the coin.
0:59.4	If you look at the Bitcoin price action,
1:01.4	no it's a healthy bubble. Buy now.
1:04.0	Bitcoin.
1:05.0	Now, if you didn't know any better, you'd think the price was all Bitcoin had going for it. But that isn't the big story. That's not even close to what you need to know and to pay attention to.
1:17.0	What you need to be paying attention to are the groundbreaking applications of Bitcoin. You know, the kind of applications that have the potential
1:24.6	to redefine entire industries and economies.
1:27.9	Let's say, for example, there are over 220 million Indians
1:31.2	with smartphones who live in a country that just banned physical cash and
1:35.7	is rapidly shifting to digital payments and savings.
1:38.6	This is massive for Bitcoin.
1:40.4	Or even take the $500 billion global remittance market,
	...

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