The Stage Is Set For Bitcoin To Soar

Clarifying Crypto

21-07-2020 • 41 min

Recording in March 2020, we breakdown the fall of the stock market, the printing of lots of fed money, interest rates hovering at zero, and what this actually means for Bitcoin. Even though Bitcoin fell with the stocks, what will the rise of this cryptocurrency be?

Gary and I break all this down because this, exactly, is why Bitcoin was developed. It's as if the stage was specifically designed for this type of currency.

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Here's the official Episode Breakdown:

Erin Gregor: All right welcome to another episode of clarifying crypto. I'm Erin Gregor here with my co-host, Gary Leland, Gary. Welcome.

Gary Leland: All right. Howdy. Howdy. Glad to be back. Glad to be here, talking more, lots of stuff happening.

Erin Gregor: We're recording this March, I guess 26 is what it is. We are in the middle of quarantine still.

The stimulus package has just been announced and approved.  Things went up a bit today, but I still don't trust anything. Bitcoin is up. We just hit 6,700 as we're recording this. So that's good to see. but Gary, tell me, tell me your thoughts through all this. Cause I know a lot of people are really excited to get their checks.

From pretend money,

Gary Leland: I'll take a check. I mean, you know, you could always my Bitcoin, you could always buy Bitcoin with it. I don't know if I'm going to get a check though, because you have to make  $150K. I don't think I'm ready to get a check up.

Erin Gregor: You could get a check. It just may not be as much. Okay.

Gary Leland: And I don't have any kids. My kids are gone. So I kind of weird on the, like for instance, I'm just going to go through some examples here.  My daughter's a nurse she's getting overtime right now. Is she going to get a check? I don't mind if she gets a check, but will she get a check? She's not losing any money.

Erin Gregor: She will get a check. Cause it's based on last year's earnings, as far as I'm concerned.

Gary Leland: And then my son in law. And daughter are in the he's in the Air Force and she's staying home. His pay hasn't been cut at all. So is he getting a check and is she getting a check? I mean, their pay hadn't been cut one bit.

Erin Gregor: I don't think this is about pay cut. I think this is about giving people cash to stimulate the economy. So it doesn't matter if you got a pay cut.

Gary Leland: I think it's

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