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The lead advisors of 7investing and CryptoEQ host a monthly conversation for subscribers to better understand how cryptocurrencies and equities are colliding. In this month's "Collision Course", the teams discuss landmines investors should avoid, why decentralized finance is proving to be superior, and why Jack Dorsey is so jazzed up about Bitcoin.
The crypto-economy is growing quickly, but it’s also constantly evolving.
Initially, brokerages like Coinbase (Nasdaq: COIN) profited simply by charging commissions for each time Bitcoin was bought or sold. They added more cryptocurrencies over time, though their fate was tied to trading volumes. Over time, more exotic profit strategies emerged — such as staking rewards, crypto-lending, or the use of cryptoassets as collateral for loans.
Yet some of those evolutionary new strategies appear destined to go extinct. Terra LUNA, Olympus OHM, and several other protocols lure investors with extremely high returns. However, the jury remains out on whether several of these practices are sustainable .. or even legal.
In today’s podcast, 7investing advisors Simon Erickson and Steve Symington chat with CryptoEQ co-founder Spence Randall about landmines to look out for when investing in cryptocurrencies. The three also discuss the opportunity for decentralized marketplaces like AAVE and why Jack Dorsey is so excited about incorporating crypto into Block’s (NYSE: SQ) ecosystem.
