#41 Decoding crypto: the big (but hidden) problem Bitcoin seeks to solve, and how it's impacting you

Ask us a question or suggest a topic 🤙Knowing why cryptocurrency was conceived is more valuable than knowing how the blockchain works. If you understand the insidious problem that Bitcoin as the first cryptocurrency was designed to solve, you’ll be much better positioned to ride the waves of change it is creating. The reason why is that you’ll have a much greater appreciation for the implications it has for the global financial sector.In the second episode of their series on crypto, Ryan and Terry go back to first principles in order to get to the bottom of what money is, why crypto is here, and what it might mean for all of us.Also in this episode:What money really is and how it works (or doesn't work)How 'stock to flow' explains whether or not money functions as a store of value (and what happens when it doesn't) Who's at fault for the problems created by Fiat currency and how Bitcoin seeks to solve the problem. Show notesClick here to see notes on this show and all resources & links mentioned.Corporate programClick here to find out more about our workplace programFour factors trainingClick here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources.Follow us on InstagramClick here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks.  The NEW Money MentorshipLearn more about the Home Equity Accelerator here Turn insights into action with Terry's episode coach Join our podcast communityGet live updates, talk shop with us and meet like minded legends in our digital treehouse. Click here to get access now.🔗 https://www.facebook.com/groups/4609737389252111Find out your financial skill scoreDo you have the money skills to fund your goals? Take the 4 minute quiz here🔗 https://financialskill.scoreapp.com/