Virginia Hale 
Here’s What Clevelanders Have to Say About Crypto in 2023
What does the average person think of crypto?
It’s been a hot topic for a few years now and we’ve made dozens of videos on Bitcoin and the prevalence on cryptocurrency in society today. Whether you’ve seen our content before or not, welcome to today’s video. I took to the streets of Downtown Cleveland Ohio to see what people think about crypto, blockchain technology, athletes’ salaries in Bitcoin, and the potential for crypto to overtake the U.S. Dollar.
It was so interesting how everyone had at least some understanding of crypto, but most people that we spoke with were NOT invested in it. The consensus seemed that crypto will NOT replace the U.S. dollar anytime soon, but tet us know in the comments below what you think.
What resonated with me the most was when one man said that he’d have a tough time investing in crypto because it has no value…there’s nothing behind it. Crypto is so different from real estate–like a tangible house or apartment complex–or stocks–which are pieces of a cash flowing business selling goods or services. When you invest in either one, there is a something behind it, something physically backing your investment.
We have a process for investing in stocks and real estate that we use and that we teach on this channel. We even have a software that we use to help us analyze and research potential stocks and properties to buy.
The fact that there is nothing behind crypto…no goods or services, no cash flow, no value? That’s precisely the reason why we won’t invest in crypto in its current form.
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–Video Editing by Justin Nelson–
Ask them about blue chip bank stocks that no longer exist since 2008
Pretty good show….👍👍
Cleveland the city that never sees sunlight
I typically really enjoy your videos, this is unwatchable
Ask the "people" what they think of blackrock or fidelity applying for licenses to create a btc etf.
Dogecoin doesnt belong in the same grouping as BTC
I'm tryin' to understand what was to idea behind this video🤔🤔?
Why dont you just get informed and educated by experts that do know about it, rather then 4 random ppl on the street? What was the purpose of this video Mo?
"The securities and exchange commission did not yet control the stock market, so it was constantly being manipulated by the "Wall Street elite". A bunch of very wealthy men would pool their money together, start buying up a stock, spread rumors that it was going to the moon, and then dump the stock". "On March 8 1929, Michael Meehan began one of the most successful pools on Wall Street. From March 8 to the 17th , Meehan and the pool pushed up the price of RCA stock almost 50 percent. On March 18th, they sold and divided up their profits. In today's money, they had made $100 million for one week's work. If the small investor suffered… they'd soon be back for more." – PBS, American Experience, The Crash of 1929.
Different times, similar greed. Perhaps we will see another depression because of it, since this behaviour is widespread.