Is Now the Time to Buy Crypto (Opportunity of a Lifetime)?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 22 June 2022
⏱️ 20 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:07.0 | investing, taxing. |
| 0:09.0 | You've got financial questions, he's got financial answers. |
| 0:12.6 | It's Brian Preston, the money guy. |
| 0:16.0 | Is now the opportunity of a lifetime to buy crypto. |
| 0:20.0 | Yeah, Brian, I'm excited about this because we know there's been some interesting things |
| 0:25.3 | that have taken place in the crypto markets. |
| 0:27.1 | And so for financial mutants out there thinking they're like, man, I like the idea of buying |
| 0:32.8 | low and selling high. |
| 0:34.4 | And if I know what's going on in crypto, does that mean that now is an opportunity that |
| 0:39.1 | I cannot miss and I cannot walk away from? |
| 0:42.4 | Well, I think a lot of people, we all know the big part about crypto is that they have |
| 0:48.2 | limited supply. |
| 0:49.2 | There's a known quantity of specifically when we talk about like Bitcoin. |
| 0:54.6 | So when you see how low prices have gone and that's probably something, probably a good |
| 0:59.4 | place to start, but why don't we review what has actually happened in the crypto marketplace |
| 1:03.8 | and then we can kind of give some pontification or review of all the things that have been |
| 1:08.6 | going on. |
| 1:09.6 | So let's look at this, right? |
| 1:10.6 | If you look at the price of Bitcoin, now if you're out there listening, we have this |
| 1:13.5 | charted from January of 2020 all the way to present day, but the price of Bitcoin has |
| 1:18.6 | fallen by 67% in less than a year. |
... |
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