Bitcoin: Informative Insights for Potential Investors
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.6 • 2.8K Ratings
🗓️ 2 February 2018
⏱️ 15 minutes
🧾️ Download transcript
Summary
Join us for this very special extra-installment of The Money Guy Show. We not only offer our views on this new form of currency, but we unpack where we think the real opportunities are when it comes to digital money.
Highlights from this week's mini-episode include:
- Overview of Bitcoin, cryptocurrency, and blockchain technology
- Where Brian sees the opportunity
- How investors make money with cryptocurrencies
- Word of caution for people investing in cryptocurrencies
For more details, visit the show notes on our website: http://www.moneyguy.com/2018/02/bitcoin-informative-insights-for-potential-investors/
Transcript
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| 0:00.0 | Bitcoin. Is this an investment opportunity or is it Bitcoin? |
| 0:05.1 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, investing, |
| 0:13.2 | taxes. You've got financial questions, he's got financial answers. It's Brian Preston, the money guy. |
| 0:20.9 | Hey, money guy, families. Your host, Brian Preston, and my co-host, Mr. Bo Hanson, |
| 0:25.5 | let's take your finances beyond common sense so you can go to a whole other level, |
| 0:30.6 | your wallet's good. Thank you. We live in an exciting time, Bo. We do. We certainly do. There is |
| 0:36.1 | technology that's going to revolutionize how we transact data for transactions like recording |
| 0:43.4 | real estate, for insurance claims, about elections, banking elections. You've probably heard about |
| 0:50.7 | this amazing discovery. It's called blockchain. Shared public ledger. |
| 0:57.3 | Blockchain, if you didn't know, is the revolutionary innovation and discovery that kind of rides on |
| 1:04.4 | the back of Bitcoin. Everybody in the past, I mean, the bubbles burst a little bit, the blooms coming |
| 1:11.2 | off the rows a little bit about Bitcoin. But I don't know that people have completely understood |
| 1:19.2 | buying Bitcoin is not buying blockchain technology. Two very different things. Because Bitcoin uses |
| 1:27.5 | blockchain technology. But when you invest in Bitcoin, or as used word, invests very tentatively, |
| 1:35.9 | when you buy Bitcoin, you're not getting the technology. You're not investing in the technology. |
| 1:41.6 | I should say it's no more than I have a lot of Amazon packages come to my house just because I |
| 1:46.5 | order a lot of Amazon. It doesn't mean I own Amazon stock. I use the Visa credit card because it |
| 1:51.3 | pays me great rewards when I use that Visa card. But I don't actually buy into Visa technology |
| 1:59.8 | when I use my Visa card. I think there's a lot of people don't understand that. And here's why |
| 2:06.4 | this is huge. Blockchain is going to be huge. I kid you not. And I think that is the population, |
| 2:13.3 | the public recognizes we are bumping up against something that is going to be revolutionary. |
| 2:20.1 | But we're getting things a little out of sorts on the action. So that's where we go, |
... |
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