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Why you’re not too late to Bitcoin
Manage episode 407448446 series 3560344
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Andy talks with early Bitcoin investor Danny Oyekan. They discuss Danny's introduction to the crypto industry in 2012, his early investment in Bitcoin, and venture investing in the space. Danny co-founded Blockfinex, a Binance-powered exchange that offers spot trading with plans to add more features soon. They also talk about the growing interest in Bitcoin from emerging markets like Africa where it's mostly used for cross-border remittances but is expected to grow as internet penetration increases. Dubai is becoming another crypto hub due to its pro-innovation policies and regulatory clarity.
Oyekan encourages people to learn about self-custody wallets, seed phrases, and blockchain technology to understand the importance of financial literacy from a young age. His most contrarian view on building wealth is that it takes time and patience over 5-10 years or more. The bull case for Bitcoin is finally here due to recent events such as the US banking crisis highlighting the need for self-custody assets.
Oyekan believes that a banking crisis and geopolitical issues are making alternative assets such as Bitcoin and gold more attractive. He thinks that the fiat Ponzi scheme is dead and encourages people to invest in either Bitcoin or gold. He believes that tokenized precious metals will coexist with Bitcoin as forms of money.
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