I knew folks would have ‘things to say’ after I made risks plain in this week’s
#MoneyAndWealthPodcast episode where I focused on crypto. And breaking it down, generally.
Here’s where I stand:
I’m not anti-crypto. I’m pro-financial literacy. And I really like its blockchain technology. That part is a game changer.
Crypto should come last — if it comes at all.
It’s not a productive asset like real estate or owning a business.
It doesn’t create cash flow. It doesn’t create jobs. It doesn’t build real, tangible value in our communities.
Crypto is driven by sentiment and hype, not fundamentals — and the prices swing like a rollercoaster.
What feels like wealth today can vanish tomorrow.
I call it casino capitalism — high risk, unpredictable, and not a space for those who can’t afford to lose money.
I’m not here to tell you not to invest in crypto.
I’m saying: know what you’re doing before you do it.
Go in with both eyes open.
Start with education. Start with financial litera...