Why Bitcoin Is Different Than Other Cryptos

Imagine 17,134 grains of sand in zen garden sand box.  ONE is an absolute winner.  Could you pick it?  Could you pick it from a much smaller box of 534 even? That’s essentially cryptocurrency right now.  Dismissing cryptocurrency is a logical reaction and yet-  would you believe as an asset class, if all of crypto were on the Fortune 500, it would be a top 10 company by market cap?  Bigger than Berkshire Hathaway?  Bigger than Tesla?  Bigger than Visa? That's a lot to fathom.  So our own Daren Blonski CFP® is here to share his take on the crypto space right now, with 4 key reasons he believes Bitcoin has stood out from everything else and will continue to do so. This episode is for educational purposes only, focused on explaining some of the realities of this still relatively-new asset class, which has become too big to ignore.  Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/  Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ  References: https://tangem.com/en/blog/post/how-many-cryptocurrencies-exist/ https://www.forbes.com/digital-assets/crypto-prices/?sh=7a54f0bb2478 https://explodingtopics.com/blog/number-of-cryptocurrencies  _______________________________________ 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, d/b/a Fermata Insurance.  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.