

Hedgeye NexGen: Building Wealth for Young & New Investors | Episode 9 | Cryptocurrency
Feb 15, 2025
Dive into the fascinating world of cryptocurrency as experts unravel its basics and complex intricacies. Discover how Bitcoin and blockchain technology are revolutionizing finance, compared to historical currencies like wampum. Explore the mechanics of Bitcoin mining and the rise of decentralized finance with Ethereum leading the charge. Learn about the role of stablecoins and the risks that accompany the crypto landscape. Plus, the episode takes a lighthearted detour into the mysteries of Mars, mixing finance with a dose of humor!
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Cryptocurrency and Blockchain
- Cryptocurrency transactions are recorded on a digital ledger called a blockchain.
- This blockchain is permanent, publicly viewable, and maintained by a decentralized network.
Blockchain Defined
- A blockchain is a permanent digital ledger, distributed across a network.
- This decentralized structure makes it resistant to changes and single points of failure.
Wampum Inflation
- Native Americans used wampum, seashell bracelets, as currency.
- Europeans exploited this by creating more wampum, devaluing it and acquiring Native American goods.