Joining us now to discuss a CEO of invest diva, Kiana Danial.
She is also the author of cryptocurrency investing for Dummies.
Kiana.
Welcome.
Thank you for having me.
cryptocurrency values are surging, surging.
How do you explain the boom in cryptocurrency investment?
Well, so there is tangible value in some cryptocurrency projects right now.
But because I mean, Elon Musk is just one of the high performer creators, but right
now it looks like the crypto market as a whole not only Bitcoin, not only those combined
as a whole is rising mainly because of the hype and FOMO and the market sentiment.
So this is similar to what happened end of 2017 with the Bitcoin bubble kind of surge,
and then it burst and it also is similar to the.com bubble in early 2000s, Ilan musk on
Twitter writing a little bit of a warning.
cryptocurrency is promising, but please invest with caution.
crypto seems to be volatile.
There it is.
So is a little caution wise here.
Finally, in my opinion, too little too late, he already created a massive wave.
And I was I mean, I'm an Elon Musk fan, actually, to be honest.
But when he started doing this, I was kind of irritated because it was very irresponsible
to push crypto projects like Dogecoin, who was literally that was literally optimized
to be a joke, and probably to distract from his own Bitcoin purchases so that he can purchase
Bitcoin at a lower price.
And then he sold his Bitcoin.
So I was a little bit irritated at that.
And of course, I'm assuming lawyers are now telling him Hey, like you may actually get
sued if Dogecoin bubble burst and so go say something on Twitter.
is some of this due to our surging debt and more spending on the horizon devaluing the
dollar?
Yes, so one of the reasons why I personally invest in cryptocurrencies such as Bitcoin
is because Bitcoin is not inflationary.
There's only so many bitcoins that can ever be mined only 21 million bitcoins, whereas
well, Dogecoin and the US dollar are inflationary.
You can just print as many as you want, as much as you want.
And so one of the reasons why I invest in Bitcoin is because of that, and a lot of other
investors as well.
I'm here in Washington DC, is it time for regulation?
Should Congress get involved
for Bitcoin and Dogecoin are cryptocurrencies crypto?
So they have certainly been involved?
There are a lot of talks, there has been a lot of talks since 2016.
There are states that are more involved than others.
I don't think they can actually stop the cryptocurrency market because this is the new technology.
And there are regulations I think they could be more but here's the thing there is like
a double edged sword because people are investing cryptocurrency because they want to have their
money set in a decentralized not government based asset.
Bitcoin is decentralized, nobody owns that you can like literally go in and grab your
Bitcoin and the government, no government can actually has have ownership on it.
So while we do one more regulations, but there are also some scams.
I mean, it's like kind of defeats the purpose.
So it's a very tricky question, to be honest with you.
Okay, we're nearly out of time.
But does all this decentralization?
Do we fully know the impact of that by basically taking this taking all this money out and
putting it in a separate investment venture?
So the impact of that on a personal level, so I'm going to just tell you my personal
story, the reason why I think this is impactful is because, okay, I'm from Iran, Jewish before
the night 1979 revolution, my dad's assets, he had a bunch of assets, the government,
then you were running government to cover all of that, right?
If he had his assets and crypto, the government wouldn't have been able to do that.
Now, that was a personal aspect, but of course, cryptocurrencies have been having some environmental
issues, as well because of mining and energy consumption.
So it's a very, very vast industry that remains to be evolved and really researched on Kiana
Danial,
thank you so much for your time and your analysis.
Great to have you.
Thank you, Julian.
fascinating conversation.
Thanks, Mike.
Transcribed by https://otter.ai