You wanted to hear all about blockchain technology and crypto investing—and we listened.
In this special episode of Profit to the People, we're joined by none other than crypto experts and Republic directors Brian Myint and Graham Friedman.
The introduction of blockchain technology revolutionized the way we understand business and community building. The days of centralized, slow financial transactions are gone.
Both Bryan and Graham worked at blockchain funds before joining Republic. Their experiences helped them realize the economic potential of blockchain and cryptocurrency investing.
By applying the knowledge and skills they had acquired during their careers, they were able to help grow Republic into what it is today: a platform where people worldwide can support projects they care about by contributing using cryptocurrency.
Bryan and Graham are here today to share their knowledge on the economic potential of this disruptive technology and their hot takes on what's going on in the industry.
Make sure you're subscribed because as we kick off season 2 of Profit to the People, we'll be diving into various topics such as investing in alternative meats, the creator economy, underrepresented founders, and even more on crypto.
What Republic Crypto is and how it came to be
Seemingly disparate branches such as finance, economics, game theory, computer science, and community development meet at the heart of blockchain technology.
This is why Bryan and Graham were brought on board to help develop Republic Crypto in 2017.
Bryan's background in the electrical and bioengineering space and Graham's experience in cinematography and the production of cutting-edge content for companies such as Gary Vaynerchuk, VaynerMedia, and Tik Tok proved to be the perfect match for this purpose.
Republic Crypto offers all types of people the opportunity to invest and get involved, regardless of where they come from, what they do, or where their interests lie.
And thanks to the use of this disruptive technology, it has never been easier for minorities and underrepresented individuals to be a part of the ecosystem.
Why should I invest in crypto or crypto projects?
There is no doubt that the technology underlying many blockchain projects is highly disruptive—it's already changing the way we think about a lot of existing infrastructure.
But the truth is that many people are still not quite sure how crypto works and why they should invest in it. You've probably heard many times that cryptocurrency investing is just risky.
In reality, it fundamentally works in the same way as investing in stocks and investments in general. The amount of return you getis pretty much directly proportional to the amount of risk that you take.
So when you see people getting massive gains on cryptocurrency investments, this means they're also taking huge risks—but that's what's exciting about it.
Plus, the more you learn about it, the less risky it becomes because you'll be making a more educated decision about deploying capital into cryptocurrency.
That being said, if what you're looking for is to get rich quickly, that's probably a dangerous path to go down. The industry is still young, and it's unfortunately full of baseless schemes that don't have the technology to back them up.
Many people get burned when they buy in, and a month later, they panic and sell. A much better approach is to find a project you believe in and think long-term.
If you've done the research and know that the project you're supporting is growing with a mission and purpose, then you have nothing to worry about.
What the future of crypto and blockchain looks like
You could argue that there is uncertainty and doubt in the market. However, that doesn't mean that innovation stops, nor does it mean that governments or institutions are trying to adopt this technology with nefarious purposes.
Even if the market doesn't perform as you expected, the technology and the solutions are still very much going strong, supported by passionate and intelligent people.
Right now, Bitcoin and Ethereum are the most popular cryptocurrencies in the world. Usually, when the market moves, the Bitcoin value moves first, and other currencies follow.
This is why Bryan and Graham recommend Bitcoin or Ethereum for people who are starting to invest.
Once you get comfortable with concepts such as wallets and sending crypto from address to address, you can start investing in other cryptocurrencies that are more interesting to you.
To keep in the loop for the latest developments in crowdfund investing, make sure to follow this podcast and listen in every week. Leave a rating and a review, and let's bring profit back to the people together.
Ready to start investing in your future? Then head over to www.republic.co and find a startup you're passionate about.
This content is provided for educational purposes only by Republic. Nothing discussed should be construed as legal, tax, accounting, or investing advice. The views of the presenters may not be the views of Republic and its affiliates. Always consult with trusted professional advisors before making investments. Private investments are inherently illiquid and may result in a total loss. All rights reserved