The Crypto Revolution: Join, or Get Swept Away.
Stansberry Investor Hour
Stansberry Research
4.4 • 677 Ratings
🗓️ 9 September 2021
⏱️ 73 minutes
🧾️ Download transcript
Summary
El Salvador has officially made Bitcoin legal tender.
Some in traditional finance are calling it an experiment doomed to fail...
While others are calling it one of the biggest stories in the history of cryptocurrencies...
One thing is for sure... This decision will likely have far-reaching effects around the world for years...
Will other countries soon follow suit? Could this be the big adoption catalyst that sends Bitcoin soaring up towards $100K? Or will this experiment end disastrously and serve as a warning for other small nations thinking of doing the same thing?
To help us make sense of this incredible new development, Dan invited crypto expert, Cam Harvey, onto the show...
Cam is the professor of Finance at the Fuqua School of Business at Duke University.
And he's also served as editor of the Journal of Finance from 2006-2012... as well as the President of the American Finance Association in 2016.
When it comes to cryptocurrencies, Cam is way ahead of the curve...
When Bitcoin was trading between $200 - $400 per coin, Cam was giving lectures to his students about Bitcoin during his finance classes...
During their conversation, Cam and Dan discuss at length what El Salvador's recent move could mean for the US Dollar, traditional financial institutions, and other nations that might be thinking of doing the same thing...
If you've thought about investing in cryptos and don't know where to get started, Cam says we're less than 1% into this disruption, so now is the perfect time...
In fact, Cam walks listeners through the first 2 steps you need to take to get started in the crypto space the right way...
He says every listener should consider entering the crypto space... because in his words,
"You can either join this revolution, or get swept away by it..."
Listen to Dan's conversation with Cam and more on this week's episode.
Transcript
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| 0:00.0 | Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour. |
| 0:11.5 | Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour. |
| 0:20.0 | Sign up for the free show archive at Investor Hour.com. |
| 0:23.8 | Here's your host, Dan Ferris. |
| 0:26.3 | Hello and welcome to the Stansberry Investor Hour. |
| 0:29.1 | I'm your host, Dan Ferris. |
| 0:30.4 | I'm also the editor of Extreme Value published by Stansberry Research. |
| 0:34.9 | Today, we'll talk with Cam Harvey. |
| 0:39.8 | Cam Harvey is a very interesting guy. |
| 0:46.9 | He's a Duke University professor who has written a book about decentralized finance. He's a very forward-looking university professor. Can't wait to talk with him. In the mailbag today, really good |
| 0:53.2 | thoughtful stuff about my comments on China from last week |
| 0:57.9 | and George Soros, requests for book titles, lots of good stuff in the mailbag. |
| 1:03.8 | And remember, it's a conversation, so talk to me. |
| 1:06.6 | Leave a message on our listener feedback line, 800381-2357 and hear your voice on the show. |
| 1:13.9 | In my opening rant this week, Bitcoin really is a currency. |
| 1:18.2 | Let's talk about it. |
| 1:19.7 | That and more right now on the Stansberry Investor Hour. |
| 1:26.8 | So it's official. |
| 1:30.5 | El Salvador has adopted Bitcoin as legal tender. |
| 1:37.4 | And you, in El Salvador, you'll walk into wherever, McDonald's. |
| 1:45.0 | You walk into McDonald's. |
| 1:46.5 | You buy a cup of coffee and you pay in Bitcoin. |
... |
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