After our Crypto 101 episode (episode #303), we received numerous listener inquiries. Many questions remained unanswered during our 45-minute discussion, prompting us to dedicate another episode to address your key crypto concerns.
Recently, the crypto market has seen significant fluctuations, to say the least. Bitcoin peaked at nearly $60,000 six months ago but has since fallen to around $20,000. Other cryptocurrencies faced steep declines: Ether dropped by 11%, Solana by 14%, and Avalanche by 18%. The buzz this week is around Luna, which plummeted from a high of $119 in April to a staggering zero today. This volatility raises concerns for crypto investors. Historically, my advice has been to invest only what you can afford to lose. But in 2022, should we reconsider investing in crypto? Does recent market behavior alter our views on its long-term viability? And how can you identify the next Bitcoin versus the next Luna?
In this episode, we'll explore your most urgent crypto questions and discuss the future of this asset class along with the underlying technology.
Joining us is Shirin Bucknam, co-founder of Crypto Witch Club, a welcoming space for everyone to learn about blockchain and Web3. Since its launch in September 2021, the club aims to educate women and others about this evolving landscape.
Listen as Jean and Shirin talk about the considerable losses in the crypto market over the past few weeks and whether crypto remains a viable option for our investment portfolios. We’ll also examine the environmental impact of cryptocurrencies: Are there sustainable and ethical options available? How do we find them? (In episode #318, we discussed NFTs, touching on crypto's environmental footprint, which is estimated to be around 114 million tons of carbon dioxide annually from Bitcoin alone.) Shirin shares insights on investing mindfully concerning environmental concerns.
We also cover how to start navigating crypto when you're new to investing, how to discover a coin or project to support, the potential for sustainable cryptocurrencies, and ways women can engage with Web3 and blockchain careers. Jean will also inquire about the failed “Lonely Ape Dating Club,” which never launched due to a gender imbalance among its users, highlighting challenges in the crypto community. Shirin provides her take on the prospects for women in this space.
In the Mailbag segment, we address inquiries regarding single individuals appointing an executor for their estate and details about SEP IRAs. In Thrive, we discuss strategies for coping with market volatility.
