Bitcoin Explained, Inflation in the UK, Cryptocurrencies and Investing - W/Joe | REG Podcast #12

In this podcast we address the current issue in the UK and that is mass inflation. We talk about contributing factors towards this and also how people's money in the bank and groceries are being affected by this. With figures coming out in the UK that inflation is 7.5% in the UK. We also talk about what actually is bitcoin? How does it work? How did it start? What is blockchain technology? How safe is bitcoin? And the future of Bitcoin. Furthermore we talk about how it could be a great way not only to counter the drastic rise of inflation across the UK which is around 7.5% but also how it can help people accumulate a lot of wealth over time. We also talk about how most people don't understand how billionaires actually have wealth. We also address a big concern of many bitcoin users which is can the UK government and also governments around the world interfere and stop bitcoin and the citizens from owning it? Finally we discussed with both me and the guest how we would invest £2000 in the current state with things like inflation and unpredictability of the stock market and techniques for investing. I felt I needed to talk about bitcoin and the role it has as this is a libertarian podcast. And I really think the infrastructure and the power bitcoin is giving to the people away from central banks is amazing and will be a resistance in the future against the governments overarching there power. I hope you guys learnt a lot from this episode. Thank you so much for listening and love you all :)

DISCLAIMER - DO NOT TAKE FINICAL ADVICE FROM THIS PODCAST BUT INSTEAD SPEAK TO A PROFFESIONAL

Follow the guest Joe Mason - https://www.instagram.com/joe.mason19/?hl=en
Follow the Podcast - https://www.instagram.com/regpodcast/?hl=en
Follow me - https://www.instagram.com/rory_jacobs_/?hl=en

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00:00 - Introduction
01:48 - What is bitcoin?
04:31 - The UK'S Fiat currency of sterling
06:35 - Is bitcoin overrated?
07:53 - Bitcoin in its simplest form?
10:10 - What is a blockchain?
14:19 - UK 7.5% inflation record in 30 years
16:14 - What is leverage and how can you use it to accumulate wealth?
21:25 - Holding money in the bank with inflation in the UK right now
22:35 - Are alt coins Dogey?
24:23 - The rise of wheat prices due to Ukraine and Russia conflict
25:30 - Should you keep money in the bank instead of investing?
27:36 - The security of bitcoin and is it safe?
35:30 - The problem with cryptocurrencies
40:30 - The conspiracy theory with bitcoin and the government
47:39 - What people don't understand about billionaires and there wealth
49:48 - Elon musk and his wealth
54:08 - How the security of bitcoin works
01:05:20 - How we would invest £2000 in today's climate with inflation
01:20:14 - NFTs are they worth it?

#UKPodcast #InflationUK #Bitcoin