Ep. 6 - Making Sense of Cryptocurrency

Gain a better understanding of the potential of cryptocurrency, and how it may impact your financial future. Michelle Moses, CFP® is joined by Andy Woodward, a software developer and architect with over 30 years of experience in the financial technology sector, including cryptocurrency development since 2016. We talk about cryptocurrency, what it is and why it's valuable. Key takeaways: Cryptocurrency has a value ascribed through society's agreement, similar to traditional forms of commerce Digital cryptocurrency offers advantages, such as ease of transfer across borders Cryptocurrency provides a viable means of compensation and economic opportunity in third world countries. Timestamps: 2:30 - Meet the Experts: Backgrounds in Finance and Crypto 5:45 - Decoding Cryptocurrency: What It Is and Its Value 10:15 - The Evolution of Crypto: From Public Key Encryption to Bitcoin 14:50 - Understanding Bitcoin and Ethereum: The Giants of Crypto 21:00 - The Future of Cryptocurrency: Predictions and Possibilities 27:20 - Exploring the Use of Crypto in Various Industries 31:40 - The Future of Crypto: From Gaming to Everyday Transactions 38:00 - Addressing Security Concerns and the Open Nature of Crypto 42:50 - The Evolution of Crypto and Its Integration with Traditional Finance 48:30 - Investment Strategies and the Importance of Diversification 53:00 - Final Thoughts on Crypto and Financial Advice   Follow me on Instagram  Me Financial Like the episode? Please leave a starred review!  Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as professional financial advice. Always consult with a qualified financial advisor or professional before making any financial decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.