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Wall Street Unplugged - What's Really Moving These Markets

Ep. 597: Why Everyone Should Have Exposure to Cryptocurrencies

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.51.1K Ratings

🗓️ 22 February 2018

⏱️ 58 minutes

🧾️ Download transcript

Summary

Today I welcome first-time guest Chris Dunn, self-taught investment guru and entrepreneur. Back in high school, when most kids barely knew what a stock was, Chris was trading futures. Recently, he shifted his focus from the equity markets to cryptocurrencies… what he claims is “probably the best decision I ever made.” For the first time, Chris says, we have true currency competition… It’s an exciting moment in history. You’ll learn why Chris thinks everyone should have money allocated to cryptocurrencies... his “Five Phase Cycle” for investing in cryptos… and the safest way to store them. Over the next couple of weeks, big retailers report earnings. In my educational segment [42:40], I’ll give you a game plan for how to invest in this sector. We’ll also discuss why Wal-Mart dropped 10%... and why you should have seen this pullback coming... Good investing, Frank Curzio

Transcript

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0:00.0

Wall Street Unplugged looks beyond the regular headlines heard on mainstream

0:06.0

financial media to bring you unscripted interviews and breaking commentary direct from Wall Street

0:11.7

right to you on Main Street.

0:14.0

How's it going out there? It's February 21st.

0:19.0

I'm Frank Gerizier, host of the Wall Street Unplug Podcast, why I break down the headlines.

0:23.0

End!

0:24.0

Tell you what's really moving these markets.

0:30.0

What an amazing run in Bitcoin and most cryptos over the past few weeks?

0:35.0

So, Bitcoin pop from 4,000 in September to over $19,000 by mid-December,

0:43.0

so you're looking inside of four months.

0:45.0

And then what happened?

0:46.0

The price crashed to $6,000 in early February.

0:50.0

That was less than two months.

0:52.0

And you know what happens when you see that big crash?

0:54.1

The headline start coming out.

0:55.4

Bitcoin's going to zero.

0:56.6

It's going to be worthless.

0:57.5

You deserve to lose money if you invested Bitcoin.

1:02.1

And then something weird happened.

1:04.0

Bitcoin started to surge again.

1:06.0

And it's been quiet.

1:08.0

You're not seeing these big headlines all over C.

...

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