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Joined me every thursday on the alex simon show and ill be speaking to guest of the world of politics sports business im show business ill see you then. Welcome back to kaiser report Summer Solutions series on the x. Prize with stacey harbor and today were going to be talking about the many selves of money self sovereignty self custody and Self Reliance joining us very quickly will be jamison of cheese dot com stacy yes and i just you want to say of course that max and i did invest in casa because we use the service on that some amazing really so jamison i want to look at a piece from Forbes Magazine that somebody was tweeting about their article said that 15 percent of American Adults now own some form of cryptocurrency more than half of those invested for the 1st time in the 1st half of 2020 on average they invested about 67500000000. 00 in crypto currency roughly 4000. 00 per person so locked down stimulus money has been good for a lot of people theyre pouring their money into robin
Many people are buying crypto currency if theyre buying bitcoin which they should be instead of crypto what do they do now like. You know theres no bailout theres no 2nd stimulus theres no sort of moral hazard available in the big quiet space so what do they do once they get that big client said they take it off an exchange ship they put it on hardball which they do buying is only the 1st step generally when youre buying in this space youre not actually buying bitcoin youre buying the promise of a bit coin or a big coin iou it is really similar to the Banking System and that you know you might have a website that says you own a certain amount of money a certain amount of that coin a certain amount of whatever but when it comes down to it at the end of the day theres Counter Party risk and as long as someone else is actually holding on to that asset then it can be taken from you or any number of things can go wrong you might not be able to actually access it when you need it so the 1st
Half of those invested for the 1st time in the 1st half of 2020 on average they invested about 67500000000. 00 in crypto currency roughly 4000. 00 per person so locked down stimulus money has been good for a lot of people theyre pouring their money into robin hood up and apparently and many people are buying crypto currency if theyre buying bitcoin which they should be instead of crypto what do they do now like. You know theres no bailout theres no 2nd stimulus theres no sort of moral hazard available in the big quiet space so what do they do once they get that big client said they take it off an exchange ship they put it on a hard while which they do buying is only the 1st step generally when youre buying in this space youre not actually buying bitcoin youre buying the promise of a bit coin or a big coin iou it is really similar to the Banking System in that you know you might have a website that says you own a certain amount of money a certain amount of that coin a certain amount of
Really so jamison i want to look at a piece from Forbes Magazine that somebody was tweeting about their article said that 15 percent of American Adults now own some form of crypto currency more than half of those invested for the 1st time in the 1st half of 2020 on average they invested about 67500000000. 00 in crypto currency roughly 4000. 00 per person so locked down stimulus money has been good for a lot of people theyre pouring their money into robinhood up and apparently in many people are buying crypto currency if theyre buying bitcoin which they should be instead of crypto what do they do now like. You know theres no bailout theres no 2nd stimulus theres no sort of moral hazard available in the big quiet space so what do they do once they get that big client said they take it off in exchange should they put it on a hard while which they do buying is only the 1st step generally when youre buying in this space youre not actually buying bitcoin youre buying the promise of a bit coi