Why Cryptocurrencies are Too Large to Ignore
Be Wealthy & Smart
Linda P. Jones
4.8 ā¢ 883 Ratings
šļø 11 October 2021
ā±ļø 17 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
Learn why cryptocurrencies are too large to ignore. Recently, a report came out about the importance of cryptocurrencies as a new asset class. Hear why this is a technological revolution.
The article is here.
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Your compounding rate, and how well you invest, matters!Ā
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 942. |
| 0:03.0 | I'm gonna live no rich life. |
| 0:06.0 | Rich life. |
| 0:08.0 | Pull that that's life. |
| 0:10.0 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of faith I'm gonna live a good life I'm gonna live the good life |
| 0:21.2 | A beautiful and glorious life Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:30.3 | bosses on be wealthyy and Smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor. Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.5 | On today's show, we're going to talk about why cryptocurrencies are too large to ignore. |
| 0:52.2 | This is not my quote. This is actually coming from Bank of America. They did a big |
| 0:56.8 | report recently and everyone is talking about it because think about it, Bank of America and cryptocurrency are actually in |
| 1:05.2 | competition. There are billions of dollars that have transferred out of |
| 1:10.0 | banks into crypto. So that's money that banks don't have in their deposit. of banks |
| 1:13.8 | don't have in their deposits to lend and make money on. It's going directly to |
| 1:19.2 | the competition. So for them to acknowledge that digital assets and |
| 1:24.4 | cryptocurrencies are too large to ignore, well that's saying quite a bit. |
| 1:29.6 | Well, we can't access the report online. |
| 1:32.4 | It is something that a lot of articles tried to link to, but as you |
| 1:37.2 | click through, they are no longer found. So I think Bank of America realized how hot their report was and put it behind a private wall. |
| 1:46.4 | But here's an article that comes to us from Coin Desk, and they did a report on Bank of America's report. |
| 1:53.7 | So I'm going to share that with you and some of my opinions as we go along. |
... |
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