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Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 22 June 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Major cryptocurrencies have been down across the board so far in 2022, as inflation soars and and risk-on assets become more volatile. With major cryptos down 65%+, is now the time to buy? In this episode, we'll discuss the recent crypto downturn, why it happened, and what you need to consider before investing. Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

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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