70: Bitcoin Mania and the Future of Cryptocurrencies with Tama Churchouse

Bitcoin is in the news, and there's an amazing rush on cryptocurrencies and seemingly a new coin coming out every day. So it's becoming more obvious that we're in a bubble. But what's the real future of cryptocurrencies? Jason Hartman talks to Tama Churchouse, co-founder of Churchouse Publishing Limited and lead cryptocurrency analyst at Stansberry Churchouse Research, about what's going on in the world of cryptocurrency. Tama explains the differences between things like Bitcoin and Etherium, and the two look into what the government's future role in cryptocurrency will look like. Key Takeaways: [1:21] Why is there a sudden runup in cryptocurrencies? [6:00] The average transaction fee for Bitcoin is making it impossible to scale [10:06] There are currently over 1,500 different cryptocurrencies with a market cap of around $520 billion [12:01] There are currently protocols being written on the blockchain that you can buy into [14:35] An explanation of "CryptoKitties" and how it can be applied to other avenues [16:05] Etherium created a standardized token and how it's aiding in ICOs [18:13] Etherium doesn't scale and is expensive to use, creating some serious drawbacks [19:27] How Tama learned about cryptocurrency [26:08] Is decentralized decision making really a good idea or will it just bog everything down? [30:21] Cryptocurrency isn't really a great investment at the moment (perhaps it will become one), so what do we do with it today? [32:41] Bitcoin mania has people declaring it a storer of value, but it takes at LEAST a generation to be able to make such a claim [35:01] Will the government let cryptocurrencies go on (and can they even squash it if they try)? [38:10] Tama believes 2018 will bring a wave of regulations on to cryptocurrencies [40:59] How Tama would destroy Bitcoin if he really wanted to [43:53] One cryptocurrency you SHOULD NOT BUY Website: "The government doesn't like competition in anything, especially currency" "ICOs are, by far and away, Etherum's biggest proof of concept use case at the moment" Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: CYA Protect Your Assets, Save Taxes & Estate Planning: Get wholesale real estate deals for investment or build a great business – Free Course: Special Offer from Ron LeGrand: Free Mini-Book on Pandemic Investing:

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70: Bitcoin Mania and the Future of Cryptocurrencies with Tama Churchouse is an episode from The CryptoCast with Jason Hartman by Jason Hartman.

This episode is 46:26 long.

This episode was published on Nov 10, 2023.

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