Jeff Sekinger is a Miami-based entrepreneur that co-founded multiple successful digital asset hedge funds as well as a financial consulting company named Zero Percent.
[00:01 - 11:41] How Cryptocurrency, Blockchain, and Digital Currency Interact
Jeff's involvement with the crypto world began in 2013, sold in 2014, and back into it by 2017 as he worked as a financial consultant for a major US bank. At this time, Bitcoin was experiencing a bull market.
In 2019, Jeff started to take crypto more seriously and began investing in the asset class full-time.
Because of its black market origins, Bitcoin has been portrayed as a fraudulent and dangerous investment.
Blockchain technology is a big deal and cryptocurrencies like Bitcoin are just the beginning. Blockchain is the underlying technology for Bitcoin and other cryptocurrencies.
[11:42 - 32:39] The Warren Buffet Methodology - Do Not Lose Money Permanently
Bitcoin is an asset that is being looked at more as a store of value than a medium of exchange, but that is changing. The market cap for cryptocurrencies is growing exponentially.
The World Economic Forum had a meeting in 2021 where they predicted the value of blockchain and crypto would be around 12.6 trillion by 2025.
Jeff advises what kinds of cryptocurrencies to stay away from and tackles where to invest within the layers of blockchain.
Rule number one is to not overcomplicate things. You don't need to over-leverage.
[32:40 - 42:47] Hedge Against Inflation Using Cryptocurrency
Cryptocurrency is being used as an inflation hedge, with a strong computing network and a lack of central power to print money without consequences.
Bitcoin and other cryptocurrencies are seen as a more efficient way to conduct transactions than traditional currency systems.
Inflation is a major concern for many people, and Bitcoin and other cryptocurrencies could help to reduce inflation rates.
There are many benefits to using Bitcoin and other cryptocurrencies, such as reduced corruption in other countries.
[42:46 - 42:05] Closing Segment
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“I just had that gut feeling. It's not always a logical thing where you're like, Okay, I'm gonna make XYZ dollars over this period of time,’ it was just really something that I felt naturally gravitating towards. And I had that gut instinct in me to tell me to go all-in on it [crypocurrency investing].” - Jeff Sekinger
“I think it's actually a bigger risk now to not have exposure to it [cryptocurrency], than the risk of you having exposure to it. I think there's no denying that we're moving into a digital economy.” - Jeff Sekinger
“Number one is to not overcomplicate things, you don't need to over-leverage. You don't need to buy the next meme coin that's going to do a 100,000,000% return in the next 60 days. It's good to bet on fundamentals and have proper diversification ” - Jeff Sekinger