Bitcoin Explained To A Guy Who Knows ZERO

Ok Cypto Bros, with the 100k milestone upon us, it's finally time to do an episode on Bitcoin.As basic an episode as possible, because while host Daren Blonski CFP® has been wise to the coin world for some time, co-host Dano Weir only knows what he's seen in a few headlines.So for educational purposes only, let's have a based conversation about the coins that exist but you can't hold in your hand. Maximalists will probably laugh and deniers might scoff. We just want to have an open conversation about (yes, at the time of this writing 12/10/24) the 7th largest asset class in the market.This episode is perfect if you know nothing about crypto and at least want to know what people are talking about. This episode is for educational purposes only (not investment advice) for our clients and potential clients, to shed some light on a reality of the market. It's All Money is powered by Sonoma Wealth AdvisorsLearn more about Sonoma Wealth here: https://sonomawealthadvisors.com/Video also available for every episode of It’s All Money on our YouTube channel: https://www.youtube.com/@sonomawealthRefrences: https://www.investopedia.com/terms/c/cryptocurrency.asp https://www.nerdwallet.com/article/investing/cryptocurrency https://en.wikipedia.org/wiki/Cryptocurrency https://www.imf.org/en/Blogs/Articles/2024/08/15/carbon-emissions-from-ai-and-crypto-are-surging-and-tax-policy-can-help https://www.bbc.com/news/articles/cgr0dyy152jo https://www.msn.com/en-us/money/markets/analyst-warns-of-leverage-driven-xrp-pump-as-token-flips-tether/ar-AA1v5Enr https://www.history.com/news/san-jose-shipwreck-battle-2 https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp _______________Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax. The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.