Money Tips: She initially lost money in a scam but educated herself in blockchain and digital currency.
The Steve Harvey Morning Show
iHeartPodcasts
4.5 • 2.2K Ratings
🗓️ 17 October 2025
⏱️ 31 minutes
🧾️ Download transcript
Summary
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Michelle Lilly.
A cryptocurrency and blockchain educator and entrepreneur. Here's a summary of the key points discussed:
🎙️ Main Themes and Highlights Michelle Lilly’s Background
- Entered the cryptocurrency space in 2017.
- Initially lost money in a scam but used the experience to educate herself.
- Became the first African-American woman with a master’s degree in blockchain and digital currency from the University of Nicosia.
Understanding Cryptocurrency
- Bitcoin is described as a protocol, not just a currency—used for value storage and transfer.
- Ethereum is highlighted for its smart contract capabilities and utility.
- Cryptocurrencies are a hybrid between stock and currency—they have utility like stock and liquidity like currency.
Why Bitcoin Has Value
- Scarcity: Only 21 million Bitcoins will ever exist.
- Deflationary: Bitcoin undergoes a “halving” every four years, reducing the rate of new coins.
- Decentralization: Not controlled by any central authority, making it secure and transparent.
NFTs and the Metaverse
- NFTs (Non-Fungible Tokens) are unique digital assets, often used for art and music.
- Artists can sell directly to consumers and earn royalties on resales.
- The metaverse is explained as a 3D version of the internet (Web 3.0), where users can own digital land and assets.
Empowering Underserved Communities
- Michelle emphasizes the importance of African-American and female participation in crypto and blockchain.
- Encourages people to educate themselves and not wait for permission to participate in new financial systems.
Practical Advice
- You don’t need a lot of money to start investing in crypto.
- Understanding the current financial system is just as important as learning about the new one.
- Consistency, self-awareness, and openness to criticism are key to success.
#SHMS #STRAW #BEST
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Transcript
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| 0:00.0 | This is an IHeart podcast. |
| 0:05.1 | Michael Lewis here. |
| 0:06.8 | My bestselling book, The Big Short, tells the story of the buildup and burst of the U.S. |
| 0:12.1 | housing market back in 2008. |
| 0:14.8 | A decade ago, the Big Short was made into an Academy Award-winning movie. |
| 0:18.7 | Now I'm bringing it to you for the first time as an audiobook narrated by yours truly. |
| 0:24.1 | The Big Short Story, what it means to bet against the market, and who really pays for an unchecked |
| 0:29.4 | financial system, is as relevant today as it's ever been. |
| 0:33.2 | Get the Big Short now at Pushkin.fm slash audio books or wherever audio books are sold. |
| 0:41.0 | Hi, I'm Roshan McDonnell. I host the weekly Money Making Conversation Masterclass |
| 0:45.1 | show. The interviews and information that this show provides are for everyone. It's time to stop |
| 0:50.0 | reading other people's success stories and start living your own. If you want to be a guest on my |
| 0:55.3 | show, please visit our website, Moneymakingconversations.com, and click the be a guest button. |
| 1:01.9 | Press submit and the information will come directly to me. Now let's get this show started. |
| 1:06.9 | Michelle Lilly, she is an entrepreneur, cryptocurrency and technology investor and educator, |
| 1:12.0 | philanthropist. And like I said, her motto, you are the opportunity, her company, |
| 1:17.9 | crypto rich is a technology company, technology company specializing in blockchain and digital |
| 1:22.9 | currency education. Hear that right now. That's why I have a masterclass. Blockchange and digital currency |
| 1:28.9 | education. Our mission today is to educate the culture on the fundamentals of blockchain and |
| 1:34.3 | blockchain and cryptocurrency conversation, where African Americans tend to not participate |
| 1:40.5 | because we always last to the opportunity. Well, let's try to be first to the |
| 1:45.1 | opportunity. Please welcome to the money making conversation master class, Michelle Lilly. How you |
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