Bitcoin: Informative Insights for Potential Investors
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 2 February 2018
⏱️ 15 minutes
🧾️ Download transcript
Summary
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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