We are kicking off 2019 with financial predictions. Will be talking about the stock market, real estate, cannabis, and more. Today, we are talking about cryptocurrency, digital currency, and blockchain. I have two recent partners and world leading experts here today to talk everything crypto, blockchain, and digital currency.
David has a background in blockchain and Musicoin development and Walt has a trading background. Together they talk about what the future has in store for these technologies. They give some tips on learning about investments. They talk about regulation issues and how congress is struggling with new technology and old laws. They also talk about how impactful these technologies will become.
You can find Walt and David here:
Ask Loral
Show Notes
- [01:57] David started working at home on web development and then really started digging into blockchain in 2013.
- [02:59] Blockchain technology is going to have a huge impact. He first started working on Musicoin and then another music technology before he met up with Walt.
- [03:54] David loves the process of building stuff through blockchain and making it work.
- [04:05] Walt started out trading bitcoin and crypto currencies.
- [04:42] He started looking into blockchain and brought David into his team.
- [05:07] They have an amazing way to use an altcoin.
- [05:34] Blockchain will create the biggest distribution of wealth that the world has probably ever seen.
- [06:14] More wealth has been moved through bitcoin than any other wealth movement time in our history.
- [07:02] Coinbase is the largest crypto wallet in the world. They are gaining over a million users a day.
- [08:56] In the last six months, the price of Bitcoin has started to stabilize.
- [09:38] Giant transactions happen in the OTC world.
- [10:43] A lot of private sellers have their coins in cold storage wallets.
- [11:19] When the market flips it's going to be very difficult to buy cryptocurrencies.
- [11:42] There is a one-week hold before you can transfer your currency if you are investing through Coinbase.
- [12:13] Investing in crypto can be a long-term play. That's how the big investors are looking at it.
- [13:35] Smart folks are working on infrastructure and development during the bear markets.
- [14:24] January 3rd 2009 the first block was mined on bitcoin.
- [15:12] Blockchain technology is what is underneath Bitcoin, so the two do go hand-in-hand.
- [15:48] Industries like banking and payments are getting majorly disrupted right now. Especially in third world countries and places where banking is more difficult.
- [16:12] Other sectors that are using this technology include voting, healthcare, music, and many more.
- [16:50] Blockchain opens up technology for entrepreneurs like the world has never seen.
- [17:13] Almost every entrepreneur and startup is moving towards blockchain technology.
- [18:02] Companies like IBM are building their own blockchain. Amazon is working on something. Overstock has their own version.
- [18:36] Investors are interested in anything that is tied to blockchain.
- [19:49] The smartest and most acting development isn't happening in Bitcoin.
- [20:35] Altcoins are usually traded against Bitcoin, but there are many many different types of coins.
- [22:24] When investing in altcoins it's very important to take a look at the project.
- [23:41] Developed projects that you can actually see may be safer bets.
- [24:09] There are already specialized blockchain lawyers available. There is some red tape to go through on the development side.
- [25:12] There's going to be a four-week webinar series with a Q&A. Go to Ask Loral to find out more.
- [26:08] The SEC is very involved with crypto. The
