002 - Bitcoin: The New Gold or The Next ‘.com’

In this episode, KT discusses: Understanding BitcoinThe speculationOn a 1 to 10 scale of risky... Bitcoin is a 20Is it a gold replacement?  Key Takeaways: A cryptocurrency is a replacement for real currencyThe question is: "Will a currency not backed by the government survive?" If it does, what will it look like?"Bitcoin is the biggest type of cryptocurrency, not the only type. Just like Kleenex isn't the only type of tissue.Bitcoin is only as valuable as the last person who was willing to buy it from the last person who wanted to sell it"[Bitcoin] is not for the conservative people who want to check their statement every day." - KT Thomas Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase KT's book- The Hardworking Woman's Guide to Money    Learn more about your ad choices. Visit megaphone.fm/adchoices