38: Chris Dunn: Bitcoin, Crypto-Currencies, and How to Profit
Chris Dunn is a world-renowned entrepreneur, investor, and educator. He has unique expertise in crypto-currencies that he developed off a background in day trading. He uses this powerful medium to profit off trades in Bitcoin and other crypto-currencies as well as direct investments in Fin-tech start-ups. Chris joins us from his base in Austin, Texas to give us his perspective on how the average investor may look to play Bitcoin, what the risks are, how to acquire and store digital coins, and what the future may look like. It is an eye-opening episode and a great intro to the new and complicated category of crypto-currencies. Chris's Links: Website: Chris DunnCompany: Skill Incubator Twitter: @ChrisDunnTV Discussed: ILAB 19: Simon Black – Finding Outsized Returns Off the Beaten Path Crypto-Currency Market Capitalizations: Coin Market Cap Book: Harry Dent: The Sale of a Lifetime Show Notes: 03:15 - Skill Incubator04:30 - Traveling 60+ cities06:16 - Austin Texas07:11 - Video Podcasting08:30 - What is Bitcoin a Cryptocurrencies?12:03 - Blockchain12:20 - Value of Bitcoin15:32 - Invest and save capital18:18 - Flaws and drawbacks22:10 - Daily exchange and taxes25:15 - Making a profit24:48 - Where to buy30:47 - Public and private key35:23 - Coinbase36:10 - Proper trading39:13 - First-time investment experience43:40 - Competitors a market caps46:24 - Gold a precious metals50:49 - Johnny’s Bitcoin investment52:42 - How Sam lost $30,00055:37 - Tesla downpayment56:08 - Accepting Bitcoin for digital product57:25 - Banks, large bills a paper money1:01:00 - Amazon coin1:05:42 - Paypal’s rolling reserve If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.