system called block chain or ethereum. and so for a lot of people, you know, that s an exciting opportunity to buy these al alternative assets. again, it s anti-establishment, it s not regulated by any one institution. well, it s not regulated but something that sorry to interrupt you, we re running out of time, but it s also something that surprised me about this. this is something that s really appealing to young people but it s terrible for the environment. young people care about the environment, so these two interests to be competing, i don t think enough people know it s horrible for the environment. that s right because in essence you re paying what we call a gas fee, which is a mining and transaction fee to actually not only get the bitcoin but then if you are making a transaction, for example, for an nft, you have to pay fees to put that up onto the
happens is that because we weren t really invested in those markets in the first place, right? we are as people of color under invested in equities in real estate, and so this gives us this kind of opportunity to kind of make up for that main red line essentially out of all these other opportunities, be you have to really understand the risk. it s very volatile still. we still have not mainstreamed it. i think it s potential we will eventually mainstream it, but we still have a lot of time to get there. it s extremely volatile still, and you know, it shouldn t essentially be anywhere from maybe 10% to 15% of your portfolio if you also have other types of assets. right. so that s the key here zblcht well, look, i mean, i don t want to be a commercial for bitcoin here because the scary thing that i hear from some of my friends is they re pulling money out of their 401(k).
on bet her tonight her short film, the party airs at 10:00 p.m. eastern standard time. thanks so much, yvette. and thanks john. coming up next, why bitcoin is so popular among black and brown investors and what that could mean for the racial wealth gap. we ll dig into that after the break. gap. we ll dig into that after the break. then, a mysterious figure reminds her that she has the farmers home policy perk, guaranteed replacement cost. and that her home will be rebuilt, regardless of her limits or if the cost of materials has gone up. (woman) that s really something. (burke) get a whole lot of something with farmers policy perks. wait, i didn t ruin the ending, did i? (woman) yeah, y-you did. we are farmers. bum-pa-dum, bum-bum-bum-bum fine, no one leaves the table until your finished. fine, we ll sleep here. it s the easiest because it s the cheesiest. kraft. for the win win.
when you start to dig into these questions, people don t really understand it completely. i would imagine you don t want people investing money they can t afford to lose in this platform. you make a good point about the wealth gap, when we ve been so crucially locked out of these spaces, we look for a path to catch up with our counterparts, so it s understandable why people get into it. i don t really understand crypto at all, you know? like i don t people talk about it. i even asked them, i don t think other people really understand crypto at all. what are some places where it s not like a commercial but people can at least understand it more. essentially crypto is a digital asset that s built on top of a block chain, right? and i actually think block chain is the more interesting aspect of crypto, so bitcoin was built on top of a block chain. ethereum is a block chain. so a lot of people are talking about nfts, which is essentially digital art, right? it s copyright, you re claim
how crypto may or may not fit into your financial goals is founder and ceo of my money, my future ramona ortega. so happy to have you here. look, i have so many questions. i want to dive right into this. i hear so much about bitcoin on my social media feed, you know, my friends who don t even work in finance who all of a sudden become like, you know, day trader oh, you got to get into bitcoin. people are taking money out of their 401(k). is this really a safe thing to invest your money in? the short answer is crypto has become cool. the part of that is it s become embedded in so many apps, it s accessible. the three things i think are important to understand about crypto is that it s transparent in a lot of ways, it s accessible and it s anti-establishment, which is why it s become so mainstreamed especially in communities of color. look, so for so many people who have been overlooked and