THE BIGGEST CRYPTO MISCONCEPTIONS

Nov 14, 2021
The Weekly with Fred Schebesta #47: THE BIGGEST CRYPTO MISCONCEPTIONS

From Finder’s New York City office, with Wolfie in the baby carrier, I sat down with finance expert Laura Adams on her podcast, Money Girl. We talked about scaling businesses, how they need to adapt and evolve, some of my personal investing strategies, the future of banking, and how cryptocurrency will play a big role in the metaverse.

Laura asked me the top 3 misconceptions about cryptocurrency and I'm going to break them down for you:

1. There is too much volatility

If I was to knock on your door every morning and value your house, it would be a different value every day. This is what’s happening every day with the price of cryptocurrencies. Cryptocurrency is available to trade 24/7. Compared to the stock market, which shuts down at 4.30 pm every weekday, there is less time for movement. 

There is more volatility with cryptocurrency because there is more trading time than anything else.

2. It’s a Ponzi scheme or a scam

There is no CEO of Bitcoin, there is no one at the top. There is no company behind it. It’s just a line of code. It’s actually a human miracle. 

3. Bitcoin is trying to replace currency

Bitcoin is like digital gold and it backs up everything. Just like currencies were backed up by gold. So if the price of bitcoin goes up or down, other cryptocurrencies generally follow suit. It’s a store of wealth and the technology behind it is replacing old ways of using money.

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I also talked about my new book, “Go Live! 10 Principles to Launch a Global Empire” and my bias for putting things on the internet. If it’s not on the internet, it doesn’t exist. It’s not until you show it to the world, be vulnerable and ask for feedback. 

It’s a mindset. It’s about pushing past those barriers, those tough moments in time where those feelings of doubt and fear and judgment not feeling good enough and feeling unworthy, overcome you. 

I share some of my vulnerable moments and stories that I went through and how I overcame those challenges through these 10 principles.

If you’re looking for a book that’s going to teach you how to start a business, this book isn’t for you. This book is about solving your “why”, that underlying, burning push to actually get something into the world. You, as the founder of your business idea or project idea, or whatever it may be, are the most important asset to your company or project. 

This book is going to help you GO LIVE! 

If you know someone who could do with a gift of inspiration of epic proportions these holidays, then get in quick for a signed copy on my website. It’s an Amazon Number 1 Bestseller!

For the full episode of my chat with Laura Adams, check it out here.

 

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GO LIVE! 10 PRINCIPLES TO LAUNCH A GLOBAL EMPIRE

Check out my new book, Go Live! 10 Principles to Launch a Global Empire.

Jam packed with 22 years of lessons, learnings, case studies, wins and falls, developed into 10 beliefs that I live by, it's how I've overcome 39 failed businesses, to building global fintech, Finder, into a half a billion dollar empire.

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