Extra Pack of Peanuts Travel Podcast Francis Tapon - Crypto, It's Future, and Why Travelers Should Care
Dec 31, 2024
In this chat, Francis Tapon, a crypto early adopter and travel author, dives deep into the world of cryptocurrency and its significance for travelers. He offers a beginner's guide to crypto and shares insights on Bitcoin's future, highlighting its potential as a digital asset. Tapon explains the benefits of crypto for enhancing travel freedom and discusses the evolving landscape of investment psychology among younger investors. He also weighs in on environmental concerns related to Bitcoin mining and the future of global currency.
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Bitcoin Rescue in Sudan
- Francis got into crypto out of necessity in Sudan where traditional banking was blocked.
- He used Bitcoin to obtain cash locally when no other options were available.
Research Changes Crypto Views
- Most people who dismiss crypto haven't done the deep research needed to understand it.
- Spending around 100 hours studying usually turns skeptics more bullish.
Start Crypto Small, Research Deep
- Francis liquidated about 90-95% of his stocks in 2019 to invest heavily in Bitcoin and Ethereum.
- He advises newcomers to start by investing just 1% of their net worth in crypto to manage risk.