Grow A Small Business Podcast QFF: Unpacking Cryptocurrency: Ben Simpson, CEO of Collective Shift, on crypto investing, blockchain trends, and how small businesses use Bitcoin as digital gold, navigate DeFi, and tap tokenization for smarter finances. (Episode 640 - Ben Simpson)
QFF: Quick Fire Friday β Your 20-Minute Growth Powerhouse!
Welcome to Quick Fire Friday, the Grow A Small Business podcast series that is designed to deliver simple, focused and actionable insights and key takeaways in less than 20 minutes a week.
Every Friday, we bring you business owners and experts who share their top strategies for growing yourself, your team and your small business. Get ready for a dose of inspiration, one action you can implement and quotable quotes that will stick with you long after the episode ends!
In this episode of Quick Fire Friday, host Michael Denehey interviews Ben Simpson, CEO of Collective Shift, who shares his expertise in crypto investing and blockchain technology. He explains how small businesses can leverage Bitcoin as digital gold to hedge against inflation. Ben discusses the risks of crypto scams and emphasizes the importance of education in navigating the space. He introduces decentralized finance as a tool for loans without banks and highlights future trends like tokenization of real assets. Tune in for actionable insights into harnessing cryptocurrency's potential for business growth.
Ben can be reached via his Instagram, Twitter, or through his website.
Key Takeaways for Small Business Owners:
Bitcoin for Wealth Preservation: Use Bitcoin as digital gold to hedge against inflation and currency devaluation, safeguarding your financial assets.
Decentralized Finance (DeFi): Leverage DeFi platforms to access loans, earn interest on crypto holdings, and reduce reliance on traditional banks.
Tokenization Opportunities: Tokenize real assets like property or goods to simplify ownership, reduce paperwork, and streamline transactions. Our hero crafts outstanding reviews following the experience of listening to our special guests. Are you the one we've been waiting for?
Crypto Education is Essential: Stay informed to navigate the volatile crypto market and avoid scams by utilizing trusted research platforms like Collective Shift.
Long-Term Crypto Potential: View Bitcoin as a high-performing long-term investment, with significant growth potential over time.
Blockchain Integration: Explore blockchain applications, including tokenization and decentralized systems, to drive innovation and efficiency in your business.
One Action Small Business Owners Can Take: According to Ben Simpson, small business owners should allocate a small portion of their cash reserves to Bitcoin as a long-term investment. This strategy helps hedge against inflation and currency devaluation while unlocking the potential of digital gold.
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Quotable quotes from our special Grow A Small Business podcast guest:
Bitcoin is the digital gold of our era, offering a hedge against inflation and currency devaluation β Ben Simpson Decentralized finance is revolutionizing access to loans, eliminating the need for traditional banks β Ben Simpson
Investing in Bitcoin offers an unparalleled opportunity with infinite upside and limited downside β Ben Simpson