I Was Wrong About Bitcoin
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 802 Ratings
🗓️ 23 June 2021
⏱️ 29 minutes
🧾️ Download transcript
Summary
"Hey Ryan, what do you think about Bitcoin?"
Most of the people who follow his work know how he'd answer that question. He'd say something like, "C'mon, be serious. It's a fad. It's not backed by anything. You're WAY better off just building a business, which you can control. Then invest the profits in some nice dividend-paying stocks."
Oh, but we'd be wrong. Now, anyway.
Ryan's thoughts on Bitcoin have changed pretty dramatically. In this episode, you'll hear his reasons for taking a serious look at cryptocurrencies. Plus, now that he's digging in to learn more, he brings up some good questions any crypto investor should ask regarding how crypto might shape the future of the financial world and how we do business.
More than anything, you'll hear what Ryan plans to DO about what he's learned so far. This marks the start of a whole new discussion, and we'd love to hear your thoughts and questions about crypto as well.
Transcript
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| 0:00.0 | Before we dive in today, I want to draw your attention to our new podcast called The Road to |
| 0:05.7 | 1 million. For those of you who have asked that we document the process of building a seven-figure |
| 0:11.2 | business by following the playbook that I share in my book, 12 months to 1 million, this podcast |
| 0:17.2 | is for you. In this show, we are documenting every step of the process from some of |
| 0:23.0 | our students, from our own businesses inside of capitalism.com, and also the businesses that |
| 0:28.9 | I'm investing in. I'm working with these entrepreneurs one-on-one to document and to help them |
| 0:35.3 | grow towards a seven-figure brand. My one regret in my entrepreneurial |
| 0:39.5 | career is that I didn't document the hundreds of seven-figure case studies that I played a part in |
| 0:45.6 | over the year. So better late than never. And on this podcast, we're going to document the highs, |
| 0:50.7 | the lows, the wins, and the losses, and all the steps that these brands take to |
| 0:54.9 | build a seven-figure business. So if you want to see behind the scenes of what it takes |
| 0:59.0 | to build a seven-figure business, make sure you're subscribed to The Road to One Million on |
| 1:04.5 | Spotify and Apple Podcasts. And when you do, I hope you enjoy. |
| 1:17.4 | Hi, everybody, welcome back to the show. I'm Ryan Daniel Moran with Capitalism.com. |
| 1:20.5 | Today's topic is going to surprise some of you |
| 1:23.4 | who have been following my work for any length of time at all |
| 1:27.0 | because for the last several years, I have been following my work for any length of time at all, because for the last several years, |
| 1:28.7 | I have been very publicly bearish on cryptocurrencies and particularly hard on Bitcoin. |
| 1:36.9 | Now, I've always been curious about the technology that crypto and the blockchain allows for us to create, |
| 1:45.2 | but I've always been very bearish on investing in cryptocurrencies, |
| 1:50.1 | especially Bitcoin. |
| 1:51.7 | And my primary reason for that for many years was very simply that Bitcoin is not backed |
... |
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