Diving Into Crypto

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 23 January 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the complex world of crypto, how do you separate the junk from the value? Motley Fool cryptocurrency expert Bernd Schmid joins producer Ricky Mulvey to discuss what long-term investors should look for in this emerging space, including: - How to think about allocation - The real-world problems that blockchain platforms are already solving - Fundamental differences between Bitcoin and Ethereum. Stocks: OSTK, NVDA Cryptos: BTC, ETH, SOL, MATIC What Is Proof of Stake (PoS) in Crypto? - https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/proof-of-stake/ What Is Cold Storage in Crypto? - https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/cold-storage/ Host: Ricky Mulvey Guest: Bernd Schmid Engineers: Rick Engdahl, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	For us long-term investors, I generally believe that Bitcoin has a sincere chance of
0:06.2	metric blazing, but being a competitor or even just an alternative to gold.
0:11.0	And it could be there in five to ten years.
0:14.4	And then I don't mind if today I pay what is the price now, $40,000 today and $30,000
0:19.0	tomorrow.
0:20.0	It's for me mainly the same option that I have on the future.
0:27.0	I'm Chris Hill and that was Burns Schmidt, the Motley Fool's Crypto Current expert in Germany.
0:33.0	Today on the show we're going in-depth on crypto.
0:36.0	Let's face it, this has become an area of investing with a lot of noise.
0:40.5	So Burns joins producer Ricky Mulvey to discuss how to find value amid all that noise.
0:46.0	How to think about allocation if you want to dip your toes in the space, the fundamental
0:50.4	differences between Bitcoin and Ethereum and a lot more.
0:57.4	I'm so excited for this.
0:58.9	Joining me now is Burns Schmidt.
1:00.9	He is our crypto expert in the lead advisor for the Fool's Digital Explorers program.
1:06.7	For me, especially as I've explored this space, it's very, it's confusing, it's deep, there's
1:11.7	80,000 cryptocurrencies out there.
1:14.1	So, Burns, what are some of the general principles you look at when you're evaluating essentially
1:19.7	what's good and what's bad?
1:21.7	Eric, thanks for having me here and I'm definitely very passionate about the space.
1:26.7	Though I wasn't aware that there were already 80,000 of these things out there, however,
1:31.2	probably, anyway, 90 to 95% of them are very useful.
	...

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