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Real Talk for Real Investment
A crypto enthusiast shares his advice for getting in... plus, a new NFT project you should put on your radar
Brian Shuster has spent a lot of time studying the markets. Since getting in Bitcoin several years ago, he’s basically made market part of his daily routine. And he told me by phone this week that now—this decade—cryptocurrency will reach a level of influence Satoshi Nakamoto could only have dreamed of when he created the original Bitcoin code.
“Long term, what we are seeing is that the petrodollar and the reserve currency status of the US dollar has been permanently injured,” he said. “We are on death watch.”
Brian makes few apologies for his bearish stance on the future of fiat currency.
“When the dollar goes down, it’s going to drag down all fiat,” he said.
Brian is founder and CEO of Utherverse, one of several projects working to bring Web3 and the metaverse to the mainstream. The company is gearing up for some major announcements in the second quarter of this year.
But while Web3 is in its early days, Brian’s knowledge of cryptocurrency is not. He became interested in Bitcoin several years ago, invested in it, and then spent a huge amount of time learning about Ethereum and other alternative cryptocurrencies. And Brian says having cryptocurrency exposure is critical for any retail investor.
“I believe it is almost malpractice for anybody who is managing money, and that includes individuals, not to own cryptocurrency right now. You’re going to need to learn it,” he said.
So how much does he recommend? Not as much as you might think. Brian says an investment of $500 in Bitcoin at the current market price (about $47,000 US) is a great place to start, and enough to give investors an edge.
“That will set you up in the long term,” he said. “This is going to be like buying an acre of land in downtown Manhattan in 1800. I believe this will set you up to be in the top 1% of all global wealth if you just buy $500 and hold it.”
Brian also says that as cryptocurrencies evolve, people will use several types for transaction and payments. That’s in the early days too, and he recommends starting investor take a small exposure to alternative cryptos outside of Bitcoin.
“The sooner people familiarize themselves with it, the better off they will be in this new era,” he said.
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.