Crypto - Why Advisors won't invest

[@mcmutlu]

“You can avoid reality, but you cannot avoid the consequences of avoiding reality.”

[@michaelperry7871]

I have followed your channel for the past couple of months. You have truly found your calling and really care to educate people. Thanks ❤

[@YourRichAuntie]

Wow, thank you!

[@7SideWays]

Speculating and investing are different. I might play with an inverse ETF at this frothy level, but it's just for fun. Thank you!

[@MannehN]

I did watch you first video and meant to leave a comment but forgot. A quick statement and some questions. 1. Hopefully there's an understanding that there's a HUGE difference between what crypto is vs what Bitcoin is. Please don't confuse the two. 2. Where is the origin of the trillions of dollars from the Federal Reserve/Central Bank and the government, spent yearly comes from? 3. For a second, let's put aside your business and the fact that you're not allowed to do business with Bitcoin. Have you personally adopted Bitcoin (not crypto), for yourself or are you not allowed to for your personal use because of the business/industry you're in?

[@YourRichAuntie]

Thanks for your comment - 1) bitcoin is a type of cryptocurrency. For the purpose of financial services, they’re one and the same and I personally see no distinction. Sure bitcoin was pioneering and doge coin is sus but they are the same category of item. 2. The U.S. dollar is fiat. The govt can raise funds from taxation- or just print more money like we did for two and a half years during Covid. Printing money leads to inflation - which we just experienced. 3. No. I don’t own crypto partially because my industry doesn’t allow for it, but I also have some issues with cryptocurrencies. Blockchain is rock solid - I have no problem with that. But investing in specific cryptocurrencies isn’t my thing

[@QuallsJohn]

Crypto is popular with younger People. It is the type of investment you are Ok with losing. It is not tied to a product, patent or anything that can be liquidate to pay investors. It just has value then becomes worthless like FTX.

[@YourRichAuntie]

There are a lot of people who take crypto very seriously. The USD is fiat so it can be argued that its not really tied to anything other than the good name and the faith of the US Government -

[@QuallsJohn]

@@YourRichAuntie I see you looking at it as a currency? Myself viewing as a share which may appreciate in value. More reason for me to leave it alone. Thx

[@YourRichAuntie]

Is it a currency, an investment, a store of value? Is it none or all three? The fiat money point was about something else but I outline this point in my video that we can’t really accurately categorize crypto