In today’s episode, Tommy talks with Reagan Cook, Tax and Accounting specialist for crypto and digital assets at TaxBit.
Digital assets have grown in popularity and momentum in today's world, with Bitcoin and Ethereum being the most popular cryptocurrencies. Cryptocurrency is the new economic norm. It offers a new financial system that is decentralized. Although it can be used to buy goods, crypto has so much more potential than just being another form of currency.
Tommy talks with Reagan about digital assets, the top cryptocurrencies used in the digital market today, and how crypto works in the virtual world.
Key Takeaways
[02:35] - What are digital assets? [07:05] - How are cryptocurrencies protected against money laundering or other crime? [09:36] - What is blockchain technology? [12:58] - How digital wallets work. [14:05] - The top cryptocurrencies on the digital market. [17:21] - What NFTs are and how they work. [21:53] - Why NFTs are becoming a hit in the digital asset space. [28:46] - The concept of the metaverse.
Quotes