41 min
Crypto Assets - What Percentage Should They Take Up In Your Investment Portfolio? The Long Run Show
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- Investing
How To Approach Crypto Assets
Welcome back to The Long Run Show. We are going to talk about hot topic cryptocurrencies, or as I sometimes refer to them as crypto assets.
Hosted By:
Austin Willson
Michael O'Connor
NOT FINANCIAL ADVICE
The Information Contained on this Podcast is not intended as, and shall not be understood or construed as, financial advice
Unedited Transcript:
Welcome back to the long run show. We are back here this week. We are going to talk about hot topic cryptocurrencies, or as I sometimes refer to them as crypto assets. Ah, yes, this is, uh, quite the topic quite.
I'm very interested to hear. What your opinions are you a little behind the scenes? Austin here has said that his opinions have changed regarding crypto in the last few weeks, three months, or it has been modified. I would say they've been, they've gone from being decently. Uh, sure. Two more fluid at this point.
So we can flush that out a little bit, but, um, I will say right off the bat here, as we just kinda introduce the topic of cryptocurrencies, Mike was, uh, was my. True introduction to cryptocurrencies. I would say, um, he actually was, was the first one to kind of get me into actually buying cryptocurrencies and, and trading and all that stuff.
Um, so that that's, I, I gotta give you some props there, Mike, but, uh, I thank you. You're welcome. Um, but I had obviously heard of cryptocurrencies before. Didn't really think much of them, again, probably like most people until early 2021 and was like, what is going on with these? I probably should look into this a little more seriously.
Um, so that was kind of my personal introduction to them, but cryptocurrencies in the long run, I don't, this is where my opinion is becoming more fluid. Um, and I'm interested to see, um, you as the. Expert out of the two of us, what your thoughts are. Um, as far as the long term outlook for cryptocurrencies, it seems like.
If we had had this conversation six months ago would be very different than the conversation we're going to have today, especially in light of just recent news. I mean, you've got China completely banning cryptocurrencies entirely from their country. Uh, you've got the U S who said we're not going to ban.
But we're probably going to regulate them and, or at least stable coins in the very near, near, near future. And they're also exploring, sounds like, um, some plans to create their own U S D um, so that could get old coin Powell coins. Um, so that could get, that could get kind of interesting. So, um, really, I just want to ask, actually ask you to kind of get.
Uh, maybe just a brief overview, which is good luck, even a brief of just cryptocurrencies or crypto assets. Do you prefer one term in the other? You can, you can answer that question in there too, but, um, just so everyone is aware, like the innovation that, that brings to the table. Why is, why is this, why is this a thing in 2021?
Sure that that's a great question. And to tackle the first thing that you said right off the bat, I find it interesting that you use the word crypto assets. Um, and I think that that is a very, a very financial industry kind of term to use for it. Whereas I think most of the people who are on the development side of actually developing on blockchains and stuff say either cryptocurrencies are just crypto or something.
Um, cause I think a lot, most, I think a lot of people who. Deep in the trenches of the, of the actual, like the blockchain industry, don't considering it don't consider it the law, um, an asset as much as a project. And I think that's one of the defining points of cryptocurrency. So diverges, it does divert.
So I mean the whole thing with the whole thing with Bitcoin, you have a distributed ledger. You have, um, you know, instantly verifiable, very, very secure, uh, easily. Pretty pretty darn, uh, impossible to know who's doing what it's a very, it's a very, I mean the whole word decentralized it's it's not, yeah, it's no
How To Approach Crypto Assets
Welcome back to The Long Run Show. We are going to talk about hot topic cryptocurrencies, or as I sometimes refer to them as crypto assets.
Hosted By:
Austin Willson
Michael O'Connor
NOT FINANCIAL ADVICE
The Information Contained on this Podcast is not intended as, and shall not be understood or construed as, financial advice
Unedited Transcript:
Welcome back to the long run show. We are back here this week. We are going to talk about hot topic cryptocurrencies, or as I sometimes refer to them as crypto assets. Ah, yes, this is, uh, quite the topic quite.
I'm very interested to hear. What your opinions are you a little behind the scenes? Austin here has said that his opinions have changed regarding crypto in the last few weeks, three months, or it has been modified. I would say they've been, they've gone from being decently. Uh, sure. Two more fluid at this point.
So we can flush that out a little bit, but, um, I will say right off the bat here, as we just kinda introduce the topic of cryptocurrencies, Mike was, uh, was my. True introduction to cryptocurrencies. I would say, um, he actually was, was the first one to kind of get me into actually buying cryptocurrencies and, and trading and all that stuff.
Um, so that that's, I, I gotta give you some props there, Mike, but, uh, I thank you. You're welcome. Um, but I had obviously heard of cryptocurrencies before. Didn't really think much of them, again, probably like most people until early 2021 and was like, what is going on with these? I probably should look into this a little more seriously.
Um, so that was kind of my personal introduction to them, but cryptocurrencies in the long run, I don't, this is where my opinion is becoming more fluid. Um, and I'm interested to see, um, you as the. Expert out of the two of us, what your thoughts are. Um, as far as the long term outlook for cryptocurrencies, it seems like.
If we had had this conversation six months ago would be very different than the conversation we're going to have today, especially in light of just recent news. I mean, you've got China completely banning cryptocurrencies entirely from their country. Uh, you've got the U S who said we're not going to ban.
But we're probably going to regulate them and, or at least stable coins in the very near, near, near future. And they're also exploring, sounds like, um, some plans to create their own U S D um, so that could get old coin Powell coins. Um, so that could get, that could get kind of interesting. So, um, really, I just want to ask, actually ask you to kind of get.
Uh, maybe just a brief overview, which is good luck, even a brief of just cryptocurrencies or crypto assets. Do you prefer one term in the other? You can, you can answer that question in there too, but, um, just so everyone is aware, like the innovation that, that brings to the table. Why is, why is this, why is this a thing in 2021?
Sure that that's a great question. And to tackle the first thing that you said right off the bat, I find it interesting that you use the word crypto assets. Um, and I think that that is a very, a very financial industry kind of term to use for it. Whereas I think most of the people who are on the development side of actually developing on blockchains and stuff say either cryptocurrencies are just crypto or something.
Um, cause I think a lot, most, I think a lot of people who. Deep in the trenches of the, of the actual, like the blockchain industry, don't considering it don't consider it the law, um, an asset as much as a project. And I think that's one of the defining points of cryptocurrency. So diverges, it does divert.
So I mean the whole thing with the whole thing with Bitcoin, you have a distributed ledger. You have, um, you know, instantly verifiable, very, very secure, uh, easily. Pretty pretty darn, uh, impossible to know who's doing what it's a very, it's a very, I mean the whole word decentralized it's it's not, yeah, it's no
41 min