A Financial Exec Bullish on Blockchain & Cryptos: Sos Talks Money
I am long term bullish on all things crypto. Why? I'll be honest, I've been in the hedge fund industry for over a decade. Last October, I diversified and invested in cryptos at the urging of some tech industry friends. I rode the wave and then hodl'd through this recent crypto winter. Luckily, I only invested what I could afford and see it as a long term investment in what's to be the most significant asset class since the advent of the internet. Fast forward to where we are now and this is why I'm bullish despite recent downward and sideways action:
a) Our first crypto tax season is almost over and profits used to pay some bills will come back in post April 17th.
B) Regulation will get hammered out this summer after the G20 in July in fact hopefully keeping scam ICOs at bay. I'm not worried about India FUD for example. Ultimately, the US will take wise, free market measures, and as Sen. Mark Warner said, will foster this technology.
C) Wall St. institutions will finally pour in from the sidelines and then we'll see the real bullish boom that December and January only previewed. The internet bubble was at $7 Trillion after Wall St. was in on the market for a half decade. We're at 1/30th of that with Wall St not even yet invested, save for the futures markets which actually only helps to drag valuations down. Just yesterday it was announced the SEC is finally seriously considering ETFs. Another bullish sign. Anyone who's been in this space, and believes in its decentralization, stay invested.
Now for some background on what I'm doing. When I started investing in crypto last fall I was starting my personal finance project to help millennials #savethatmoney (in a new, funny, & engaging way). For some background: I'm self made, grew up with a dad who had cerebral palsy, and hence grew up on disability insurance. But with enough planning starting early, scholarships, and more; I was able to get to where I am.
Now I'm passing those lessons down and the first episode helps to break down some of the general ideas of blockchain and cryptos - a good primer I'd say to pass on to some noobs looking to get into the space. We talk philosophy, technology, fiat, Libertarianism, and more. Please support and share the project, and stay tuned for upcoming episodes on all things money.
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