Description

Key Takeaways:

1. Different Types of Crypto (Like Different Tools)
   1. Think of Bitcoin like digital gold — it’s something people save because it holds value over time.
   2. Other coins like Ethereum and Solana are more like smart computers that let people build cool apps or make contracts without needing a middleman.
2. New Kind of Money System (No Banks Needed)
   1. With something called DeFi (short for Decentralized Finance), you can borrow or lend money using apps like AAVE and Uniswap — no banks, no waiting in line!
3. Why Crypto Prices Change So Much
   1. Prices go up or down depending on:
      1. How many people want it (supply & demand)

      2. How useful it is

      3. New tech updates

      4. What people feel about it

      5. What governments say or do about it

4. Creative Ways to Raise Money
   1. Businesses can now raise money through crypto instead of banks. This can help more people (not just the rich) invest or start something big without needing a bunch of connections.
5. The Future Is Digital

1. Crypto is becoming part of the world economy. Someday, you might be able to own a piece of a company or a building in another country, right from your phone!

Chapters:

Timestamp Summary

0:00 Understanding Bitcoin and Other Cryptos Through a Sports Analogy

4:48 Crypto’s Future Amid Economic Shifts and Regulatory Changes

7:50 Crypto as a Tool for Democratizing Capital and Community Ownership

10:01 Future of Fan Ownership in Sports Teams Through Blockchain

11:41 The Future of Finance: Crypto’s Role in a Connected Economy

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.