May 17, 2021
Has crypto-mania gone too far? Naysayers have an almost unlimited arsenal of reasons why this bubble will pop and leave investors in a wake of devastation. Citing everything from security issues to regulation, environmental impact to the explosion of offerings, these things should come with a warning label.
In a recent Ask Forstrong, The Cryptocurrency Bug: Catch Me if You Can, our CIO, Tyler Mordy, hammers home these warnings with cold hard facts. Cryptocurrencies are highly volatile. Investors have lost billions in fraud and theft. There are now 4000 currency offerings claiming to be the future. And, last but not least, government regulation is cracking down to thwart tax-evaders and black market participants. Warning label firmly attached.
Yet many investors still have burning questions. Will cryptos impact my life and should I care about them? This is a much harder question to answer.
To tackle this question Rob Duncan sits down with Reza Samahin, Portfolio Manager and Professional Engineer, to provide insights into blockchain protocol, currency mining, differences between Bitcoin and Ethereum, smart contracts and decentralized finance.
We made the pivot from cryptocurrencies as the future of fiat to providing a future benefit and financial utility. It wasn’t easy and it took 40 minutes, but if you want to impress your friends on your next Zoom call then click the link.