Investing vs Speculation: Tempering the Blockchain Hype

In this episode, Doug and Greg discuss everything you need to know about the blockchain, cryptocurrency, and digital assets—its speculative market, its stance against looming inflation, and its promise to be the currency of the future.

Key Takeaways

[00:42] - The triple threat of policy tightening. [02:05] - Insights on unemployment during COVID. [06:04] - The need for focusing on continued ability to grow amid the pandemic. [07:40] - What transpired in the downfall of Peloton? [10:38] - Why old-world, bottom-up investing may be the way to go. [13:04] - Are bitcoin and other cryptocurrencies hedged against inflation? [16:08] - Should you invest in blockchain stocks? [17:32] - What's promising about blockchain? [18:04] - How blockchain-based companies work. [19:37] - Cryptocurrency as fiat money. [21:04] - What's the future for digital assets and crypto?

Quotes

[04:15] - “In the last 10 years, I would imagine that people are hitting their retirement objectives earlier than they were planning on if they were doing any planning, just because of the growth in markets.” - Doug Stokes