002 Bitcoin: The New Gold or The Next ‘.com’

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In this episode, KT discusses:

  • Understanding Bitcoin
  • The speculation
  • On a 1 to 10 scale of risky… Bitcoin is a 20
  • Is it a gold replacement?

 

Key Takeaways:

  • A cryptocurrency is a replacement for real currency
  • The question is: “Will a currency not backed by the government survive?” If it does, what will it look like?”
  • Bitcoin is the biggest type of cryptocurrency, not the only type. Just like Kleenex isn’t the only type of tissue.
  • Bitcoin is only as valuable as the last person who was willing to buy it from the last person who wanted to sell it

“[Bitcoin] is not for the conservative people who want to check their statement every day.” – KT Thomas

Connect with KT Thomas: http://ktsmoneymatters.com/

Purchase KT’s book- The Hardworking Woman’s Guide to Money 

 

Show Notes by Show Producer: Anna Nygren

Audio production by Turnkey Podcast Productions. You’re the expert. Let us help you prove it.

 

 

About the author, Kathleen

Kathleen Thomas, who often goes by KT, has over 25 years of experience in the financial services industry and understands the need for women to take control of their financial lives.

A Certified Investment Management Analyst, Chartered Life Underwriter, and Certified Financial Planner™ practitioner, Thomas earned her degrees in Finance and Political Science from Salem College.

Prior to founding NewDay Solutions, an independent Registered Advisor Firm, Thomas spent 20 years as a private wealth advisor for Ameriprise Financial Services. Many of her earliest clients continue to work with her.

Thomas is an avid long-distance runner and triathlon participant. She has completed the Boston Marathon seven times and the Ironman Distance Triathlon three times. She has volunteered as coach and mentor for Girls on the Run New Hampshire and Team in Training.

Raised in Newton, Massachusetts, Thomas now lives in Seabrook, New Hampshire, with her husband, John. They have one daughter.

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