TODAY AT 6:00 WE’LL TELL YOU
EXACTLY WHAT HE HAD TO SAY.
>> AS CRYPTO CRANES BECOMES MORE
POPULAR WE’RE STARTING TO SEE
SIGNS THAT IT COULD BECOME PART
OF OUR FINANCIAL FUTURE.
>> MORE BUSINESSES THAN YOU
PROBABLY REALIZE ARE NOW
ACCEPTING IT AS PAYMENT.
SOME ATHLETES HAVE EVEN OPTED TO
BE PAID WITH IT. >> THERE ARE STILL A LOT OF
>> THERE ARE STILL A LOT OF
QUESTIONS.
CRYPTOCURRENCY, CAN’T ANSWER ANY
SPECIFIC QUESTIONS ABOUT, OR PUT
ANOTHER WAY.
>> EVERYTHING COMBINED THAT YOU
DON’T UNDERSTAND ABOUT MONEY
COMBINED WITH EVERYTHING YOU
DON’T UNDERSTANDS ABOUT
COMPUTERS.
>> Reporter: EXACTLY.
CRYPTOCURRENCY LIKE REGULAR
CURRENCY BUT BEAR ISLY DIGITAL.
PUT EVEN SIMPLER, TAKE A DOLLAR
FOR EXAMPLE, EACH ONE HAS A
SERIAL NUMBER.
THINK OF CRYPTOCURRENCY AS JUST
THAT NUMBER WITHOUT THE PAPER.
>> FOR EDUCATIONAL PURPOSE, NFT
STANDS FOR NON-FUNGABLE TICKET.
TICKET OR TOKEN.
MANY OF THOSE ARE SCAMS BUT
WE’LL FOCUSED ON GOOD
OLD-FASHIONED CRYPTO.
CRYPTO WALLETS ARE BASICALLY
LIKE THE BANK ACCOUNT HAVE YOU
NOW, BUT THE CRYPTO WALLET IS
ONLY CONTROLLED BY YOU.
NOW, ONCE YOU HAVE THAT YOU CAN
BUY OR INVEST IN BITCOIN OR
LIGHTCOIN AND SO ON.
>> THERE ARE THOUSANDS OF
DIFFERENT TYPES OF
CRYPTOCURRENCIES AND ALL OF THEM
ARE UNSTABLE.
WHICH IS WHY FINANCIAL ADVISER
MICHAEL MASSERATE STEERS HIS
OLDER CLIENTS AWAY FROM THE
CRYPTO CRYPTOCURRENCY.
>> IT’S STILL VOLATILE, MAYBE
NOT QUITE AS VOLATILE AS IT WAS
BACK IN THE FIRST COUPLE OF
YEARS BUT IT CAN STILL WIDELY
VOLATILE.
>> WHAT ABOUT ACTUALLY BUYING
SOMETHING WITH CRYPTO.
MORE AND MORE MAINSTREAM
BUSINESSES ARE ACCEPTING IT LIKE
AMC THEATERS.
WHOLE FOODS, HOME DEPOT, AND
STARBUCKS.
THE TRICKY PART IS MANY
BUSINESSES ARE LINKED TO
SPECIFIC WATTS LIKE IN THIS CASE
BACKED, DOWNLOAD IT, BUY SOME
BITCOIN, CONNECT IT TO THE
STARBUCKS APP AND...
BINGO BANGO.
DOUBLE EXPRESSO ICED COFFEE.
>> OBVIOUSLY CRYPTO PAYMENTS ARE NOT MAINSTREAM YET.
NOT MAINSTREAM YET.
WE’RE KIND OF AT THE POINT WHERE
OAT OAT WE’RE KINDS OF WHERE WE
WERE AT IN THE EARLY 2000’S.
>> ADAM THINKS THERE IS
REGULATION MOVING FOR THE
INDUSTRY BUT THE NEXT FIVE YEARS
COULD BE VERY EXCITING.
>> THE GOOD NEWS IS THERE’S A
LOT OF OPPORTUNITIES IN THIS
INDUSTRY.
IF YOU’RE TRYING TO GET INTO THE
TECH INDUSTRY THIS IS A REALLY I
FEEL LIKE EASY AVENUE.
>> NOW, AN IMPORTANT NOTE, NONE
OF WHAT YOU JUST HEARD SHOULD BE
CONSIDERED FINANCIAL ADVICE.
NOW, TO THE REGULATION THAT ADAM
JUST SPOKE ABOUT, THAT’S
HAPPENING ALREADY EARLIER THIS
MONTH PRESIDENT JOE BIDEN
ANNOUNCED AN EXECUTIVE HARD TO
WILL HAVE TREASURY STUDYING
CRYPTO OVER THE NEXT SIX TO
EIGHT MONTHS AND THAT COULD END
UP BEING CRAFTED INTO POLICY
REGARDING THE GOVERNMENT AND
CRYPTO GOING FORWARD.
I DO HAVE A NAGGING FEELING THAT
ROD MELONI WANTS ME TO POINT OUT
ONE MORE TIME THAT NONE OF THAT
SHOULD BE CONSIDERED FINANCIAL
ADVICE BACK TO YOU.
>> I WANT TO GO BACK TO PAYING
FOR THINGS LIKE CRYPTO.
LIKE ICED COFFEE.
IT SEEMS LIKE THINGS KEEP
CHANGING, THE PROCESS OF THAT.
THAT DOESN’T SEEM STEADY RIGHT
NOW EITHER, DOES IT?
>> IT IS A LITTLE TRICKY WHEN
YOU TRY TO PAY FOR DIFFERENT
THINGS AND REALIZE THAT THE
STEPS CAN CHANGE.
BUT THERE IS AN EASIER WAY TO
KIND OF LINK TO A UNIVERSAL
CREDIT SCOORD TO SPEAK THAT YOU
CAN USE TO PAY FOR ANYTHING.
CLICKONDETROIT.COM, I KIND OF
DID A SLOWER VIRGTS BECAUSE WHAT
YOU JUST SAW KIND OF WALKED
THROUGH QUICKLY BUT I DID MORE
OF A STEP BY STEP VERSION OF HOW
YOU CAN LINK THESE, AND YES, IT
IS A LITTLE MORE TIME-CONSUMING
BUT IT WILL HELP YOU GET THERE.
YOU MAY EVEN WANT TO SPEND SOME
OF THIS ON EVERY DAY PRODUCTS.
>> ALL RIGHT, CHRIS, GOOD
BREAKDOWN.
>> A LOT OF PEOPLE WILL STILL