Latest / The Swan Effect - Creating and Sustaining Your Financial Wellbeing / S3 E3 Decrypting Crypto

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S3 E3 Decrypting Crypto · The Swan Effect - Creating and Sustaining Your Financial Wellbeing

• 0:00
  Arthi Rabikrisson: Your legacy is about more than just investment returns. It's about the peace of mind that comes with knowing your investments are in the right hands, and that you've partnered with an investment manager who has the right skills and experience to grow your wealth. Old mutual wealth is a world class investment destination, offering you a wide range of investment strategies and specialist wealth management solutions. Whether your goal is to grow your wealth, generate income or preserve capital, old mutual wealth selects the best and most suitable investments based on your investment strategy, and their extensive research and insights. Together with your financial planner, old mutual wealth team of experienced specialists go to great lengths to understand what really drives you. Once they know your priorities,they model a strategy around your specific needs supported by a multi skilled team dedicated to taking your wealth further. Whether your goal is to grow your wealth, generate income or preserve and pass on capital. Old mutual wealth is here to partner with you on this journey, so that you can do more, have more, leave more and be more. Old mutual wealth is an advice led wealth management business aimed at providing financial planners and their clients with a full suite of industry leading strategies and services. For more information, please visit their website on www.oldmutual.co.za/wealth Hi, there, I'm Arthi Rabikrisson
• 1:54
  Malika Petersen: Hello, I'm Malika Peterson.
• 1:56
  Arthi Rabikrisson: Welcome to
• 1:57
  Malika Petersen: The Swan Effect podcast.
• 2:00
  Arthi Rabikrisson: Money makes the world go round yet it's not so easy to understand its complexities, particularly when it comes to investing.
• 2:08
  Malika Petersen: That's why Arthi and I are using this platform to educate, inspire and help you gain confidence in your relationship with money
• 2:17
  Arthi Rabikrisson: so that you can better manage your finances and investments.
• 2:22
  Malika Petersen: We are two women in finance.
• 2:24
  Arthi Rabikrisson: That's pretty cool, isn't it?
• 2:26
  Malika Petersen: It certainly is. You've been in stock broking private wealth management, asset management. And now an award winning business woman who is coaching and assisting businesses with capital and strategic advice
• 2:40
  Arthi Rabikrisson: and Malika you have a wealth of experience in wealth, excuse the pun in financial planning, investments and relationship management. So you're also at the coalface when it comes to where and how people are investing, or getting it right and getting it wrong
• 2:58
  Malika Petersen: and stuck in the grey areas to. Indeed, I've seen the many phases and moods of financial cycle and how our decisions at that those times impact us. So listeners and subscribers. If you are looking to get unstuck, feel empowered and make some strides in how you tackle your money. We are here to help you.
• 3:20
  Arthi Rabikrisson: And it all starts with listening to this upcoming episode. Enjoy.
• 3:27
  Arthi Rabikrisson: Hello listeners. It's the month of April, we've just come off Easter break. And in fact, it's a religious time for many cultures. It's also helpful that April Fool's day has passed us by during this time and I hope you didn't get pranked too badly, everybody. Well, this episode actually is definitely not a prank. It's our newest episode on the swan effect podcast. With this season we continue to unbox our advent calendar of investments and investment strategies for 2024.
• 4:03
  Arthi Rabikrisson: And in keeping with that, we are so excited to welcome this third episode of the season where we're ready to dive into rate four it the world of crypto currencies. Oh yes, we're gonna decrypt it for you today. So buckle up everyone. Hi, Malika.
• 4:23
  Malika Petersen: Hi Arthi Oh, yes, indeed. I am so excited about this topic today. And we have a very special treat for our listeners today. So today we have the guest who believes we would all be fools to not learn more about this topic. Listeners please welcome my brother from my own mother Jermaine Fourie Welcome Jermaine.
• 4:48
  Jermaine Fourie: Hi there Malika and Arthi. Thank you very much.
• 4:51
  Jermaine Fourie: I'm very pleased to be with you guys. A little bit starstruck.I'm a fan.
• 4:56
  Arthi Rabikrisson: That is so so sweet, O Jermaine we are so so
• 4:56
  Jermaine Fourie: Okay, thanks Arthi. So I've been in the glad to have you here. Its a pleasure to have you. But okay, I know our listeners are wanting to get into this. So you are one of the few people in the world who has extensive cryptocurrency financial services industry for a little bit over 20 years. And knowledge and background Jermaine. So please do share some of that with our listeners today.
• 5:28
  Jermaine Fourie: in 2016, I started expanding my expertise into the dynamic world of cryptocurrency. And when I started this journey, I couldn't ignore the disruptive potential and the opportunities that it presents. So I'm a certified Bitcoin professional, credited by the cryptocurrency certification consortium. And my passion for mastering the intricacies of digital currencies then also led me to obtain a certification in cryptocurrency and trading from the esteemed blockchain Council.
• 6:05
  Jermaine Fourie: And currently, I'm also pursuing my MBA with a specialisation in blockchain management. So this is important to me, because I want to remain proactive and stay ahead of the industry trends. And I want to equip myself with the skills necessary to navigate the evolving landscape of finance and blockchain technology. And how they also marry. So all the education has helped me to hone my ability to blend traditional finance principles with emerging technologies, which enables me to consider the stick insights and all strategic options when it comes to financial planning.
• 6:47
  Arthi Rabikrisson: O Jermaine I mean, I'm sitting here a little bit awestruck, actually, I mean, all I can say is, wow, I actually had no idea that there were these levels of certifications available around Bitcoin actually. So I'm definitely schooled on this. And in fact, I'm googling right now, as we speak, to find out more about it Wow. And Malika, how awesome that you have this kind of insight from someone so close to you, who can actually assist in what is what is still seen as a very vague area by many people.
• 7:21
  Malika Petersen: So you know, it's quite interesting that you say that Arthi because yes, I definitely one of those people who has been intrigued by the world of crypto, dabbled a bit in finding outs some more information, but then I've kind of just basically give it up because I'm so overwhelmed by how complicated I could precede this world to be and Jeramine has really helped uncomplicating it as he's going to share with the listeners and assists I think to Jermaine, you have educated yourself extensively when it comes to cryptocurrencies, can you help me and our listeners just to understand the basic
• 7:57
  Jermaine Fourie: Okay, sure. So, most people do fall between the areas, knowing nothing about cryptocurrencies at all and having a very high level of understanding on the subject so they there are few people out there like me, but not many. And I decided to embark on my education journey because I started investing in cryptocurrency in 2016. And I soon realised that it offered me an opportunity to further diversify my investment portfolio to achieve the returns I was targeting in my financial plan. So I started by first looking at the most widely known cryptocurrency, which is Bitcoin. Now many people ask me, what is Bitcoin? What is it all about? So essentially, Bitcoin is a decentralised digital currency. It's often called cryptocurrency and Bitcoin itself, which is the very first cryptocurrency originally started in 2009. And it was founded by this anonymous, Satoshi Nakamoto. Now, we don't know whether Satoshi Nakamoto is a group, we don't know whether it's a person. It's anonymous.
• 9:11
  Jermaine Fourie: So the creator of Bitcoin to today is anonymous. Nobody knows who that group or who that person is. And that's a big part of why it is such a very valuable asset number one, and also why it works because the ease no centralization nobody owns, there's no central body that owns Bitcoin. So it operates on a peer to peer network without a central authority,as I said, like banks, it does so by operating on a technology called blockchain. So this is a distributed ledger, which records every single transaction across a network of computers. So imagine you have a notebook where you write down every single transaction you make with your friend, every time you give or receive something, you jot it down in this notebook. Now imagine all of your friends have a copy of this notebook as well. And instead of keeping track of transactions, everyone has a copy of the same note notebook.
• 10:15
  Jermaine Fourie: And whenever a transaction happens, every single notebook gets updated to reflect it, this notebook cannot be changed. So information that has been added to it cannot be altered in any way, it cannot be released or removed, and nothing that isn't verified, can be added. So this setup ensures that a transaction is extremely difficult or impossible really to alter or remove once it is recorded on a block. And that also assists in corruption and not being able to hide things or not being able to add things without anybody knowing. And this all gets added to the blockchain. So this transparency and immutability makes blockchain extremely powerful tool for various transaction such as cryptocurrencies, like Bitcoin.
• 11:10
  Jermaine Fourie: Now, because everyone has access to the blockchain, and everybody can see every single transaction and institution is not needed to verify this or to track transactions.
• 11:24
  Arthi Rabikrisson: You know, as you were talking Jermaine it's actually taking me back to high school accounting and ledger and transactions and
• 11:30
  Jermaine Fourie: Exactly exactly
• 11:32
  Arthi Rabikrisson: As you were talking, I mean, I was kind of also trying to distil now the attractiveness of Bitcoin and other cryptocurrencies, of course, but maybe for the benefit of our listeners, let's make that quite explicit. What are the reasons that Bitcoin is so attractive for so many investors?
• 11:51
  Jermaine Fourie: So people invest in Bitcoin for various reasons, and some of those reasons are, number one, its potential as a store of value.
• 11:58
  Jermaine Fourie: Now, Bitcoin is considered a store of value due to its limited supply, the decentralisation that we spoke about growing adoption, durability, and resistance to censorship. Now, if we take store value, and we dig a little bit deeper in that, maybe if and Bitcoin is known by many as digital gold, so we know that gold in the real world is a scarce asset, people use it as a hedge against inflation, it's something that is constant people always use as the backup if you like. Now, Bitcoin is a form of digital gold, because number one, it has a limited supply, and we'll discuss that in a bit more detail. It is decentralised. It is easily and this is one thing that, in fact makes it better than gold, in some ways, it is easily transferable, or it is easily movable, which gold isn't. So let's take a scenario, I'll give you an example. We have the war in the Ukraine and when the war started, what was happening is that the Ukraine Government, were restricting citizens and withdrawals from banks, for example, to a certain amount.
• 13:16
  Jermaine Fourie: And the reason for this is because the government needed to keep as much money in the country as possible, for obvious reasons. So people that were trying to flee the Ukraine weren't able to get access to their money, or they were only able to get access to a certain amount, and they would then be able to leave the country with set amount of money. Now, what was happening and what was saving people in a tremendous way was the usage of Bitcoin. So Bitcoin can be stored online, it can be stored on essentially what is called a cold wallet is which is like a USB, which then allowed people to go with all of their money, or a majority of their money, large sums of money, they were able to move from Ukraine to another country, because they had a Bitcoin stored on a USB as an example.
• 14:05
  Jermaine Fourie: So it's easily movable, which is one of the things that gold as an example is not. So that's the store value aspect. Also, as I mentioned, it has the potential to hedge against inflation. I know that you guys have covered inflation in the podcast quite a bit. As I mentioned before, I'm an avid listener. So listeners, you understand the risk of your investment, not keeping up with inflation, especially those of you who have money market or cash investment, Bitcoin offers you the chance to achieve inflation beating returns over time. And one of the reasons for that is because it is a deflationary asset. So the third and probably one of the most important factors is its scarcity. Now, there are only 21 million Bitcoin that will ever exist, so there won't be any more made. It is mathematically impossible for more to be created, which makes the asset extremely scarce, probably the most scarce asset in the world as of March 2020, for over 19.6 million Bitcoin have been mined, which is roughly more than 93.5% of the total supply of the 21 million.
• 15:24
  Malika Petersen: Wow.
• 15:25
  Jermaine Fourie: And the next Bitcoin halving is predicted to occur around April 2024. Now, a halving essentially, is when the amount of bitcoin that is released into the world is reduced by half. So currently, each block that gets that gets mined, that miner will receive 6.25 Bitcoin. That's what the current amount is per block that is mined, but this will be halfed in April 2024. And each block that gets mined, that miner will receive 3.125 Bitcoin, which means the amount of bitcoin that is being released into the world is reduced. And this makes it a deflationary asset. Because with inflationary assets, let's take cash as an example, or let's take fiat currency free look at America, America can currency or print money on paper, and they can just print and print and print. That's one of the reasons that there's $34 trillion in debt at the moment. And the more that they print money, and the more money they release into the world or into America, it the value of the existing money in America decreases. And this is really what inflation is, it's the decrease in the value of the money. So it's important to have a deflationary asset that can sort of hedge against us. And bitcoin is really good at that.
• 17:02
  Jermaine Fourie: So for these and other reasons, it does have the potential to achieve high returns going forward.
• 17:08
  Malika Petersen: I just had an absolute moment of clarity, because I think up until now, for me and my standard traditional economics brain, I couldn't understand how the value of Bitcoin was dereived.
• 17:21
  Malika Petersen: Right. And I couldn't reconcile how the price was established.
• 17:25
  Malika Petersen: But it's now clear to me that supply and demand plays a massive role in kind of determining what the value of that going, but is there anything else Jermain that could impact the valuable of a Bitcoin.
• 17:40
  Jermaine Fourie: So Malika, the price of Bitcoin, like any other asset is influenced by various factors. So yes, you are very correct, the supply and demand is perhaps the most fundamental factor. And if demand for Bitcoin increases, the price will increase. So again, if we go back to supply and demand now, but the one sect of Bitcoin that can't be bolted is supply, whereas with general assets around the world, the potential to create more when demand increases is there, this is not the fact for Bitcoin, you can't create more and that's what makes it so unique. So, when demand increases, but supply cannot be altered, the only factor that can be changed is price. So with price, the only thing that can go up is price, because the demand is going to potentially increase supply cannot increase therefore, the only thing can change is price.
• 18:48
  Jermaine Fourie: And this is why returns could be very high. So market sentiment is another critical sector.
• 18:51
  Jermaine Fourie: Investors in sentiment plays a significant role in bitcoins, price movements. So positive news, such as institutional adoption, regulatory clarity, and mainstream acceptance can drive up prices, as it boosts confidence in Bitcoin has an investment. On the flip side of that coin, not the Bitcoin. But on the flip side of that coin, negative news, like security breaches, which in fact has never ever happened to the Bitcoin protocol. It is never, ever been hacked in any way. But these are the types of things that could affect the regulatory crackdowns or negative public perception can lead to price decline. Then we have regulatory developments that have an impact as well. So regulatory actions and statements from governments and financial authorities can influence bitcoins price, positive developments, such as approving Bitcoin ETF so just recently, we've in January, we've had the approval of spot ETFs in America. So the likes of Blackrock fidelity, some of the huge asset managers in the world have spot Bitcoin ETS. And this is a clear support from institutions, and from regulators that we are saying, this is something that needs to be taken note of. This is something that we want. If we look at Blackrock as an example, they currently have just under$10 trillion in assets under management. And we're dealing in a space where we are at a point at the moment where the largest wealth transfer is happening between boomers, and millennials or younger. And what we do know is that millennials and younger, are trusting the likes of cryptocurrency, cryptocurrencies, like Bitcoin more than they are trusting traditional institutions like banks, etc. And we do know that that sentiment is there. And I think the likes of Blackrock have noticed this and they couldn't ignore putting Bitcoin by the side, they needed to create a product where they can keep that 10 trillion, they have under management at the moment or offer products to the new clients and the clients of the future that will allow them to still maintain that assets that they have under management. So that's definitely something that plays a role. But again, also negative regulatory news may lead to price declines. We also have technological developments, that could also affect the price of Bitcoin changes and advancements in bitcoins underlying technology such as scalability, and security or functionality improvements can impact the price. So, for example, we have things like the Lightning Network, which is a layer on top of the Bitcoin technology, this might be going down a rabbit hole, but essentially, this allows people to pay and to transact using Bitcoin on a daily basis at a very fast pace. So it's immediate almost. So things like the development of these things will help with going to be it will roll out a lot faster because people can use it on a daily basis as a currency. Then bitcoins price can also be influenced by broader economic trends, such as inflation, interest rates, geopolitical tensions, and macro economic indicators. For example, and we spoke about it maybe when we spoke about the war during periods of financial uncertainty, or currency devaluation, which is happening rapidly in the world at the moment, some investors may tend to Bitcoin as a store of value, we use gold as an example that it can be compared to like digital gold. And this as I say, will drive up demand and it will drive up prices. So these factors among others, contribute to the complex and dynamic nature of bitcoins price movements, which is very similar to any asset that you may consider investing. But like with all investment time in the market, beats timing the market.
• 23:16
  Arthi Rabikrisson: I can tell you here you listening to our podcast, Jermaine I mean, first of all, so insightful in terms of all of these different impacts. But again, I love that you reitorating a key philosophy that we always always tried to bring home to our listeners about timing the market versus timing the market. So I love that you keep it real from that perspective. And and you know, just, you know, Bitcoin pricing, and of course, other cryptos that they're tangibly influenced by factors, like you've mentioned things that we, our listeners and subscribers are aware of, I think it also starts to make it far easier for us to fathom how this works, and is really now starting to demystify what Bitcoin is and how it actually goes about and I think as a result, I'm hoping our listeners are actually keen to figure out well how do they acquire Bitcoin you know, in the halving process or anything else that may be coming up? So Jermaine please share what are some of the methods they can do this?
• 24:21
  Jermaine Fourie: Okay, so there are various ways that Bitcoin can be acquired. So number one, it can be purchased directly from cryptocurrency exchanges.
• 24:28
  Jermaine Fourie: It can also be accepted as payment for goods or services, and there's also mining. So mining, that's a bit more complex. It requires specialised hardware. But essentially, the miners are the ones that will verify those transactions on the ledger to ensure that everything is accurate to ensure that everything is going through properly. So those are some of the ways that Bitcoin can be acquired. What is very important and it is imperative that listeners research and identify the right exchanges. Now, some of the most reputable ones, particularly in South Africa, would be Luno. And Luno is a very easy exchange to purchase put going on, because you can transfer money directly from your bank account to Luno purchase, you can sell on Luna as well then transfer money back to your bank account if you like. So that's a very easy exchange and a trustworthy exchange to use in South Africa.
• 25:35
  Jermaine Fourie: Then one of the largest exchanges in the world is binance. And binance will offer an array of cryptocurrencies that you can exchange and buy and sell, as well as Coinbase.Binance and Coinbase are the two largest and most reputable exchanges in the world.
• 25:55
  Arthi Rabikrisson: Lovely.
• 25:55
  Arthi Rabikrisson: Again, I'm getting a sense that this is so easy to access. You know, everyone we're lifting the veil here on any preconceptions that you might have and others that you know, might have about cryptocurrency investing accessibility, but Okay, so here's another one, though Jermaine, and it's a question I know a lot of people sit with.
• 26:17
  Arthi Rabikrisson: So it sounds really great to be investing in crypto, you've given us these really, really great reasons. But where people get, I suppose a little bit hung up is, what if I can't spend it when I need to? So I think you've alluded to it. But again, let's just be a bit more explicit about it. Share with us, if I've now gone and I've invested in my bitcoin, and there comes a time where I need to now use this, okay, in the real world, what are the ways that I can do this?
• 26:49
  Jermaine Fourie: Okay, so people can transact on many levels with Bitcoin itself, in the real world, there are many wallets available. So early on, we spoke or we mentioned the words in Lightning Network, and wallets that are built on the Bitcoin Blockchain, which allows people to store their Bitcoin in these digital wallets. And it allows him to transact as well is very good example of this is actually one of the companies in South Africa Pick n Pay. So Pick n Pay, accept Bitcoin for grocery purchasing. So if you standing in the queue, at Pick n Pay, you've unpacked your groceries, instead of paying with your debit card, or instead of paying with cash, you can actually scan the QR code and pay with Bitcoin. And it is immediate, it is very seamless. So there are different payment rails that are being built at the moment, which will allow people to transact and these will happen more and more, we're dealing with a young asset we dealing with, it's been around for 15 years, however, in the financial world that is still very young. But it also allows people to get early access, and it allows people to gain from the potential increases that are coming in the future. And with these increases, and with the growth of Bitcoin, we are going to see different payment rails that are being created. There are many others as well. Also, you have the exchanges that we did mention. So people can sell their Bitcoin on the exchanges, they can get fiat currency that they normally utilising they can use that to transact on a daily basis as well. So the point is that there are many different ways that Bitcoin can be used, whether you sell it and transact with Fiat, or whether you have a digital bitcoin wallet that you actually use, at vendors that do accept it. And those vendors will increase as well. Is there any other clarity that you want to? Is there any further information that you want at
• 28:58
  Malika Petersen: I think you're I think, for me, you've that point?
• 29:10
  Malika Petersen: actually, gave such an important point, because I think very many people that have difficulty wrapping their head around if Bitcoin is an asset or a currency and you've just answered that for us, because the way that I can use it in the
• 30:11
  Jermaine Fourie: So this is a very good question because it does played a big role in the cryptocurrency industry and Bitcoin as well. And I mean, if we home and we look at South Africa, one of the largest scams in the cryptocurrency industry real world is that I can use it as a currency, I can use my QR happened in South Africa through something called Murder trading International, where people sent Bitcoin to this company called Murder trading International, and massive, massive returns were promised to clients and essentially what they said is code to pay to Pick n Pay, et cetera, et cetera.
• 30:48
  Jermaine Fourie: that you send us your Bitcoin, we are going to use the pool Bitcoin, and use an AI/robotic, a trader, that is going to have selling buy options all the time at the right time to ensure that Alternatively, I can sell it, see it as an asset and sell it returns are going to be huge.
• 31:03
  Jermaine Fourie: And people collectively lost billions of rands. And I think this is the main thing, you need to ensure that you as an individual, you purchase cryptocurrency directly from an exchange, and not via a third for actual currency that I can just use. So thank you, I think party, or platform that promises to reward you possibly for bringing in additional people, or promises big returns, like I mentioned before, the old adage of it is too good to be true is very constant in the crypto industry, there are many bad is that very clear now and I think I've had a bit of a actors in the space that have tarnished the reputation of Bitcoin. And this is very unfortunate, because there is a huge opportunity for people that take the time to educate themselves and to understand the space. So the exchanges that I lightbulb moment. So thank you very much. I want to just move mentioned earlier, like luno, binance, Coinbase, those exchanges you can purchase cryptocurrency directly from and that will help a lot in alleviating these bad experiences.
• 32:13
  Malika Petersen: Thank you, I think that kind of makes me feel on to another point because I think a lot of our listeners a lot better. And I know that our listeners would agree with me. So this whole idea of buy direct number one and kind of trust your gut like you said. So now your experience of blending traditional financial principles with cryptocurrencies that's quite unique, right? That's not many people are able to do that.
• 32:35
  Malika Petersen: that have dabbled a little bit into the crypto world have Do you have tips for our listeners on how they can kind of supplement the traditional investment portfolio with Bitcoin or any of the other cryptocurrencies, for example.
• 32:48
  Jermaine Fourie: So I think we certainly we need to go back to what we mentioned earlier, time in the market will always be believed some of what's gone on in the media. I'm not a big fan timing the market. So Bitcoin can be used as a diversification within an investment portfolio to potentially reduce overall risk. So over the last decade, Bitcoin has been the best performing asset over that period of time. So when we have a long term view, and we spend that time in the market, it will of the media you and Arthi both know this but I believe that definitely improve any investment portfolio, it is important to consider the strategies for including Bitcoin in a portfolio. And some of these include ran cost averaging, so ensure that you regularly invest a fixed amount media is out there just to spread bad false narratives but over time and don't deviate from this amount. So, you select an amount that you are comfortable with, and this will reduce the risk of buying into the market at the wrong time. It will allow you to stay in the market for an extended period of time, and it you have to acknowledge that there has been some negative will allow you to ride those waves, but over a long period of time, you will always see a positive gain. Then, in terms of rebalancing, one needs to consider adjusting the portfolio to maintain a desired asset allocation. So you consider your press around cryptocurrency schemes and that kind of thing.
• 34:12
  Jermaine Fourie: cryptocurrency exposure in relation to your overall investment portfolio. So it's essential that you assess your own risk tolerance, and you decide what type of risks you are happy to take and what investment goal you want to establish. And then that will determine the portion of your What can you kind of just suggest to our listeners to help portfolio that you should invest in cryptocurrencies, but it's always important to to know that again, you need to have a longer time horizon for all investments or many investments in my
• 34:46
  Arthi Rabikrisson: I think that is very, very important point to opinion.
• 34:47
  Arthi Rabikrisson: them avoid these situations?
• 34:50
  Arthi Rabikrisson: bring home. And I must say I'm so happy that you mentioned when cost averaging because that's actually my go to strategy when I'm investing it's a regular amount every month, and on the rebalancing piece, I'm spreading it across different cryptos as well. So I love these two that you've kind of synthesised for our listeners as particular strategies to do. Jermaine shew I mean, the time has gone. But so power packed with insights. I mean, it's been so insightful for me. I'm sure you too, as all Malika. Absolutely , so Jermaine as we coming to the end of our episode today? Do you have any parting shots that perhaps you want to share as a key takeaway for our listeners today?
• 35:34
  Jermaine Fourie: Well, firstly, I just want to thank both of you for the opportunity to share information in this very exciting space. And for me, the main thing that I'd like to do is to encourage people to take some time to educate themselves on Bitcoin and the benefits thereof and the cryptocurrency industry in general, there are so many uncertainties in the world that we're facing today.
• 35:55
  Jermaine Fourie: They are we have a debt crisis in the world, we have inflation that is skyrocketing around the world. And Bitcoin really can offer a huge benefit and a hedge against these uncertainties. So people must definitely educate themselves take the time to, to learn about it. And, yeah, I mean, once you get going, it's a bit of a rabbit hole that you go that you go down, but it's it's, it's definitely one worth taking,
• 36:29
  Malika Petersen: Its a fun rabbit hole
• 36:32
  Arthi Rabikrisson: Thank you so much Jermaine shew Thank you.
• 36:35
  Malika Petersen: Thanks I think I've learned so much from you today, the roles are reversed because you usually learning so much from me. So thank you so much. But I think for me, my parting shot is that we I specifically need to open my mind to non traditional methods of investment that even if we just dip our toes into start, we do have to consider cryptocurrencies as a part of our holistic financial plan and it really is essential in achieving optimal diversification. I mean, you had me at increased demand and limited supply. Arthi was is your parting shot?
• 37:13
  Arthi Rabikrisson: So, um, I have to agree, you know, I took
• 37:14
  Malika Petersen: Truly, truly is and listeners if you love this everything that you just said.
• 37:15
  Malika Petersen: And I think on that basis, also, I too, I want to encourage our listeners to be a bit more curious about what cryptocurrencies can offer to their moneyverse, right, and of course, to their wealth goals.
• 37:31
  Malika Petersen: And of course, seek out advice from those who are professionals in the field, you know, talk to people like Jermaine and others that you come across as you would financial advisor and use that advice to your advantage everyone because in a way, if it makes sense to you, and you start to dabble in it, as Malika said, the potential for growth really is there. I mean, as I said, I have my own small crypto portfolio. But you know, armed with, I think the detail, the background, the context and everything that Jermaine shared today, I know I'm going to make it be making some really interesting decisions on what I'm going to be doing and also being curious and deepening my own knowledge after all everyone Knowledge is power.
• 38:23
  Malika Petersen: episode, and you want us to get stuck even more, because let's be realistic, we just scratched the surface on this today, share your feedback with us so that we can dig a little bit more on your behalf.
• 38:36
  Arthi Rabikrisson: Absolutely.
• 38:36
  Arthi Rabikrisson: Like Miners is Malika I think next time I'm going to put on mining gear when we talk about crypto
• 38:45
  Malika Petersen: A Minecraft for investments
• 38:48
  Arthi Rabikrisson: O definitely I think yeah, we'll get into it the you like how you have method acting, this will be method investing. This is the way
• 38:54
  Malika Petersen: Okay okay you're the one going down the rabbit hole.
• 39:00
  Arthi Rabikrisson: It worked for Alice eventually.
• 39:05
  Malika Petersen: I cant argue that it defintely did and it will work out for listeners and subscribers. Thanks, everyone, for listening. Until our next episode.
• 39:14
  Arthi Rabikrisson: Until then, thank you everyone.
• 39:18
  Malika Petersen: Sharing is caring
• 39:20
  Arthi Rabikrisson: and knowledge is power.
• 39:21
  Malika Petersen: Time for you to be daring
• 39:24
  Arthi Rabikrisson: and let your money confidence bloom like a sunflower.
• 39:29
  Malika Petersen: Thanks for joining us. We hope you found these ideas and guidance useful
• 39:34
  Arthi Rabikrisson: Do subscribe share and write a review or send us comments. We would love to hear from you.
• 39:40
  Malika Petersen: Catch you on the next episode
• 39:42
  Arthi Rabikrisson: Of the Swan effect podcast
• 39:45
  Malika Petersen: bye for now.
• 39:46
  Arthi Rabikrisson: Ciao.