UPDATES ON WEATHER AUTHORITY APP AND ON THE RADIO W Q LIKE A 9 MM
>>CORLEY PEEL: THANKS,
DANIELLE. WITH THE LAST FEW
MONTHS THE STOCK MARKET HAS
TAKEN INVESTORS ON A ROLLER
COASTER RIDE WITH BOTH HUGE
GAINS AND MASSIVE FALL OFF THE
VOTE. HAS MORE INVESTORS
LOOKING INTO CRYPTO CURRENCIES
TO GROW THEIR ACCOUNTS OR
INSULATE AGAINST LOSSES. NEWS
4 JAX CONSUMER REPORTER LAUREN
VERNO’S SPOKE WITH AN EXPERT
ON CRYPTO TO FIND OUT HOW
PEOPLE CAN INVEST IN CRYPTO.
>> NOW, OVER THE LAST WEEK,
THERE’S BEEN ANOTHER BIG SURGE
IN BITCOIN’S VALUE AND OVERALL
THE ENTIRE CRYPTOCURRENCY
MARKET SURGED 6%. THAT JUMP
COMES AS A NEW SURVEY REVEALS
MORE THAN 3 ON A FOR
INVESTMENT APPS. USERS HAVE
SOME TYPE OF CRYPTO IN THEIR
PORTFOLIO. SO JOINING ME NOW
TO TAKE A DEEPER DIVE INTO
THIS EXPLODING NEW MARKET,
BROOKS WAS THE HEAD OF
COMMUNICATIONS FOR BLOCK CHAIN
DOT COM. GOOD MORNING. THANK
YOU SO MUCH FOR JOINING US.
>> GOOD MORNING, LARA.
>> SO EVERY SINGLE PERSON HAS
HEARD OF THE WORD
CRYPTOCURRENCY AT THIS POINT.
BUT MANY PEOPLE HAVE NO IDEA
WHAT IT REALLY IS. AND IT
COULD BE A LITTLE
INTIMIDATING. HOW WOULD YOU
EXPLAIN IT TO PEOPLE?
>> YES, SO AT ITS MOST BASIC
LEVEL IS A FORM OF DIGITAL
MONEY. AND WHEN THERE’S A FEW
THINGS THAT MAKE IT REALLY
DIFFERENT THAN THINGS LIKE THE
U.S. DOLLAR, FOR EXAMPLE. SO
IT IS NOT CONTROLLED BY A
CENTRAL AUTHORITY LIKE THE
FEDERAL RESERVE, FOR EXAMPLE,
WHICH MAKES IT EXTREMELY PEER
TO PEER. AND IT PUTS POWER TO
THE PEOPLE. IT IS ALSO BUILT
ON SOMETHING CALLED A BLOCK
CHAIN, WHICH IS A LEDGER
TECHNOLOGY THAT IS IMMUTABLE,
WHICH MEANS IT CANNOT BE
TAMPERED WITH. SO YOUR CURB
SAFE AND YOUR COMPANY AGAIN
WATCHING DOT COM IS ONE OF THE
WAYS TO BUY AND SELL THIS THIS
CURRENCY. AND IT REALLY I
THINK WHEN I EXPLAIN IT TO
PEOPLE.
>> IT’S JUST A REALLY SAFE WAY
TO SEND MONEY. AND I THINK
THAT SHOULD BE COMFORTING TO
PEOPLE. ABSOLUTELY. YES. COM
IS ONE OF THE OLDEST.
>> AND THE MOST WIDELY USED
PLATFORMS FOR TRANSACTING IN
CRYPTO FOR CONSUMERS AND ALSO
FOR INSTITUTIONS. AND
ACTUALLY, WE HAVE 82 MILLION
WALLETS AROUND THE WORLD AND
MORE THAN 200 COUNTRIES TODAY,
WHICH IS REALLY A TESTAMENT TO
HOW MUCH FOR THOSE BEING USED
BY THE MAINSTREAM TODAY.
>>JENNIFER READY: AND, YOU
KNOW, I ACTUALLY THINK THE
U.S. MIGHT BE A LITTLE BIT
LATE TO THE GAME BECAUSE
CRYPTO ACROSS THE WORLD IS SO
GLOBALLY USE. I MEAN, DO YOU
REALLY THINK IT’S GOING TO BE
THE FUTURE HERE IN THE U.S.?
>> ABSOLUTELY. WE ABSOLUTELY
BELIEVE THAT FACTOR IS THE
FUTURE OF FINANCE 2021. WAS A
YEAR THAT HER TO REALLY
ARRIVES ON THE WORLD STAGE IN
A MAINSTREAM WAY. AND, YOU
KNOW, AND WE REALLY BELIEVE
THAT THE INTERNET IS GOING TO
BE THE WORLD’S LARGEST ECONOMY
BY 2030 AND IS THE PLATFORM
THAT WILL SUPPORT IT. AND, YOU
KNOW, YOU CAN ACTUALLY IS
REALLY USE IT FOR YOUR
RETIREMENT A LITTLE BIT. I
DON’T KNOW IF YOU CAN HIT ON
THAT FOR ME. THERE’S MANY WAYS
TO INVEST IN CRYPTO AND THE
EASIEST WAY TO GET STARTED
THIS BY OPENING A CRYPTO
WALLET. AND YOU CAN DO THAT
RIGHT ON WATCH AND DOT YOU
KNOW, PEOPLE PEOPLE ARE USING
IT THE FORM OF ETF,
INVESTMENTS AS WELL. LAST YEAR
WAS THE VERY FIRST ETF BY PRO
SHARES, WHICH IS A BIG MONTH
MILESTONE IN INDUSTRY. BUT FOR
JOE CAN BE USED BY EVERYDAY
INVESTORS WHO WANT TO SAVE FOR
RETIREMENT AS WELL. ONE OF THE
BENEFICIAL STRATEGIES THAT
WE’VE SEEN IS CALLED DOLLAR
COST AVERAGING. AND THIS IS
WHERE ANYBODY LIKE YOU WHEN I
JUST BY A LITTLE BIT OF CRYPTO
OVER A LONG PERIOD OF TIME AND
THEN HOLDS IT, FOR EXAMPLE,
THE RETURN ON INVESTMENT CAN
BE HIGH RES 600% INCREASES IN
THE PRICE OF BITCOIN OVER THE
LAST 2 YEARS ALONE. AND THAT
JUST GOES TO SHOW YOU IT SEEMS
LIKE A SCARY MARKET. BUT THE
PAYOFF IS SO HUGE. YOU KNOW,
AGAIN, IT SEEMS LIKE A VERY
INTIMIDATING MARKET FOR A LOT
OF PEOPLE AT HOME. WHAT DO YOU
WISH PEOPLE KNEW ABOUT THIS
NEW FINANCE ROUND? YEAH,
ABSOLUTELY. SO I THINK THAT I
WISH PEOPLE KNEW THAT IS THAT
IT’S EASY. YOU KNOW, IF YOU
CAN USE AN APP LIKE UBER OR
FACEBOOK, THEN YOU HAVE THE
SKILLS YOU NEED TO BUY CRYPTO.
YOU HAD THE RIGHTS OF LOCKED
IN DOT COM OR ANOTHER
PROVIDER. YOU OPEN A WALLET
JUST LIKE A VENMO ACCOUNTS FOR
A BANK ACCOUNT AND YOU CAN
START BUYING AND TRADING FOR
DIFFERENT. SAY THAT RIGHT OFF
THE BAT. YOUR CRYPTO INVESTOR.
I ALSO WISH THAT PEOPLE HAVE
THAT WAS SAFE. YOU KNOW, THERE
HAS BEEN SOME NEFARIOUS ACTORS
USING CRYPTO FOR FOR LEGAL
PURPOSES. HOWEVER, THAT IS THE
AND ALSO COULD DO IS OPEN
SOURCE, MEANING YOU CAN SEE
EVERY TRANSACTION ON THE
BLOCKS. AND SO MAKES IT A
PRETTY BAD PLACE TO COMMIT A
IT’S THAT THAT’S THE BEST WAY
TO PUT IT. IT’S A REALLY SAFE
FROM AND WE SEE IT BEING YOU
SO MUCH IN MIAMI ALREADY. SO
IT’S JUST GOING EXPAND. BROOKS
WAS WITH WATCHING DOT COM,
THANK YOU SO MUCH FOR JOINING