The 'Secret Weapon' in Cryptos

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 15 August 2022

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Dan welcomes back an Investor Hour favorite... Stansberry Research's resident cryptocurrency expert Eric Wade.

Eric is the editor of Crypto Capital, Crypto Cashflow, and the Stansberry Innovations Report. Before joining Stansberry, he was a successful investor, Internet entrepreneur, founder of an internationally renowned business, and a movie scriptwriter. His passion for cryptos started with mining bitcoin and Ethereum before moving on to other strategies within the sector that raked in multiple double-digit winners.

As Eric tells Dan, it's undeniable that we're in a crypto bear market, and there are "no bailouts, no mulligans, no do-overs" for this volatile, sometimes-unforgiving industry. But even amid the current "crypto winter," he has uncovered winning trades for his readers that boast double- and triple-digit yields...

"We look for the source of the yield. And what surprises a lot of people is that we're in a world where most of us expect that most yield comes from being the other side of someone else's transactions, someone else's debt... But in the crypto space, we've managed to monetize that..."

"Some of your yields can come from other people's mistakes. And that monetization, to me, that's what the blockchain/crypto industry has as a secret weapon. Any strategy or tactic that anybody has deployed in the financial industry – you can monetize it now."

On the show, Eric and Dan discuss this secret weapon and the unlikely places you can use it.

He also shares a quick lesson on crypto basics using easy-to-understand analogies for listeners who are new to crypto. He delves into Ethereum's potential future as a global currency rivaling the U.S. dollar. And he challenges our host to a spirited discussion surrounding Dan's long-held belief that crypto is just "speculative technology" that "doesn't feel like a currency or a store of value." (Spoiler: Eric says Dan is dead wrong.)

Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm your host, Dan Ferris. I'm also the editor of Extreme Value published by Stansberry Research.
0:14.0	Today we'll talk with my friend, Stansberry colleague, and crypto expert Eric Wade.
0:20.0	In the mailbagbag feedback when our previous
0:22.9	guest got them paid and a question about Bitcoin that I can actually answer. And remember,
0:28.6	you can call our listener feedback line 800381-2357. Tell us what's on your mind and hear your voice
0:35.9	on the show. For my opening rant this week, falling in love with inflation as it seeps into our souls.
0:43.7	That and more right now on the Stansberry Investor Hour.
0:53.8	People must be in love with inflation because it came in at 8.5% for July and the market
0:59.8	took off. The NASDAQ took off. It was up, you know, more than 2% on the news. So, you know,
1:07.7	I think if we're cheering 8.5% inflation like that, maybe we're getting a little bit ahead of ourselves because I continue to assert against, you know, everything you've seen in the stock market over the past week, especially, really past three, four trading sessions here, that inflation is a sticky phenomenon, period.
1:30.6	It's a stickier phenomenon than what markets are now discounting.
1:37.0	And, you know, the proof of that really is just in past episodes.
1:42.2	You remember, well, you may not remember because
1:46.2	some of you maybe weren't born yet. And I really don't remember it, but I was alive and I have
1:51.5	studied it a bit. Inflation in the 70s did not begin in the 70s. It started in the late 60s. And then, of course, it got a really
2:04.6	big shot in the arm when the Arab oil embargo happened. That didn't help the situation.
2:11.3	But inflation is different from, you know, supply shocks. And I feel like what we've seen now,
2:17.1	we've seen a supply shock called, you know, COVID shocks. And I feel like what we've seen now, we've seen a supply shock called,
2:18.8	you know, COVID lockdowns. And but we've also, as a result of that, seen real inflation.
2:25.1	And it makes you wonder, well, what the heck is inflation anyway? And I think that's a part of the
2:29.1	problem here. I don't think most people understand what inflation is. If I ask you what inflation is, you say, oh, well, that's when prices all go up or something
2:37.1	like that.
	...

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