Most People Get Wrong About Bitcoin - Major Investor Explains Why Crypto Will Explode

I will discuss the opinion of a major investor who's been very successful in his past endeavors and basically give you a rundown of what she thinks a lot of people get wrong with crypto currencies now. There are quite a few people out there that honestly don't really understand crypto currencies and for that reason they tend to doubt. That however a lot of mainstream investors are now coming out in support of big point especially more speculative investors or people they're willing to stake more of their money for potential higher returns. let's go ahead and get into what this guy has to say before you drop like on this article follow and share for more and let's go ahead and jump in so Jeffrey Roenick is an independent investor. whose portfolio includes early warnings and Hooper and Airbnb ordered was also an early investor in the coin he started buying it in two thousand nine. The year it was created running says the people must understand pick one because it is often explained as a payment mechanism instead of a store of value. He thinks many investors ignored the philosophy behind it Edward excess pick one is a people's money. He sees crypto currency is the only way to object to a financial system. which he believes is responsible for the growing wealth inequality in America and that's something that definitely tend to agree with Jeffrey Roenick is a hard money advocate an independent investor. His angel investment portfolio includes early holdings in Hooper and Airbnb warning serves on the advisory board of data wallet. And cute some you start his career at Solomon brothers and the National Bank of Detroit weren't found it then sold the risk management firm AVI portfolio services company incorporated before focusing on his private investment portfolio.

Business insider recently conducted an interview with four next so I'm gonna go ahead and give you a run down of that and I'll just be using a basic question answer format. so basically what I say answer to preface a paragraph of content that is Wernick responding. so question what do you think most people get wrong about the bitcoin or crypto currency answer. I think for many people it's the concept seems very abstract and I think the hardest thing is for people to understand and to the extent that they get it wrong. I think probably it's because not enough people are explaining it very well because most of it before explaining it as a payment mechanism not as a store of value and why it might be good as a store of value. so I think people don't understand the philosophy behind it because the people now in the business. were not there in two thousand nine in two thousand ten they didn't care about the philosophy people of got into it now talk more about blockchain.The bitcoin along they're regular face for an option plan to constitute currency and they don't care about their agnostic to the initial philosophical framework that drove people to adopt point to begin with and kept alive for two thousand nine your twenty thirteen or fourteen. when all of a sudden adoption start to grow there was a small universe of lede that briskly employment to keep it sensitive by unite to mine a go on to repurchase and they're o it long of the universal that they suppose in and that it's the people's money.

You know from and even what I told you years ago back. when I said if you buy crypto all you got to sit back and think about is don't think about how it's going to be priced more or to date first be prepared to lose everything you invest in and waited until and wait for five years and don't even think about trading it. If they're going to live in five years it's definitely going to be significantly higher than it is in the year that you buy it and even on the day that you buy and I think that's something that's really integral to remember with crypto currencies overall should really only invest. what you are willing to lose however as a store of value they have demonstrated it lasting affect those women were outside of the interview but anyway let's continue. on since the court has been created in two thousand nine it's outperformed every currency even with governments ostile to it and regulatory regime. That's an problematical system and the governments have been intriguing have been management it in a interval so companions can not knee. what to expect so it's amazing the valuation is what it is today given the fact that only faces it only faces headwinds no tell what's in other words people are only ever seemingly pushing against crypto currencies and the coin than pushing for them everyone throughout the world is trying to figure out. How to stop and killed the coin and is to wrap this up I think over five years you're going to accumulate a lot more wealth than you would in any other alternative investments but again you don't want to buy more than you can afford to lose. Because I could be faulty and you'd be workmanship a narrative to the regulation that proof. what you're doing is completely unacceptable because if you think about the financial system works the financial system punishes the saver and benefits. The borrower but only benefits a small classification of our research anyway very interesting commentary there from this guy Wernicke obviously knows. what he's doing is a pretty big investor and he's made a lot of great investment plays in the past you also survived. The quite what it was just in its infancy structures holdings now are pretty darn substantial but really I think that his philosophy with this whole thing is pretty straightforward you know by what you can don't spend more than you're willing to lose hold on to it and its value will almost certainly grow and that's something that's really important to remember. These are almost always on the path to growth especially over the water turned and I do think that they will replace our standard financial systems. Before all too long so I know what folks that is my opinion that is the opinion of work a professional investor let me know all of you think down a commen section below.

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