Cryptocurrency has been one of the most popular topics in the financial media in the last few years. It is a transferable digital asset or digital form of money exclusively available online based on blockchain technology. My guest today, Timothy Picciott CFP® CRPC®, Wealth Advisor in Innovative Advisory Group, is a pioneer in cryptocurrency wealth management solutions. He works with Bitcoin and cryptocurrency early adopters to give innovative financial planning solutions, enabling them to pay a minimum tax on their highly appreciated asset as legally possible, while also educating crypto fans on investing in "Crypto IRAs" through self-directed IRAs and 401(K)s.
Show Notes
[03:19] Tim's story – Tim shares details about his career and how he came to be in his current position.
[10.48] Fiat Currency - Tim expresses his thoughts about the evolution of fiat currency.
[14:41] Bitcoin and Blockchain – Tim elaborates on his views on Bitcoin and blockchain technology.
[16:57] Opinions – Tim discusses the significance of studying Bitcoins properly and thoroughly.
[22:11] Double-Spend Problem – Tim explains Bitcoin’s potential of solving the double-spend problem.
[27:58] Tech Aspects – Tim goes into greater detail on the technical aspects and benefits of Bitcoin.
[31:00] Electricity - Another objection leveled with Bitcoin is the electricity required to mine them. Tim evaluates the effect of power on bitcoin mining and the resulting implications.
[34:43] Smart Contracts – Tim discusses how smart contracts enabled by blockchain technology have the potential to transform lives.
[36:00] Geopolitical Implications – Tim shares his insights on current world trends along with his take on the US and China's movements on Bitcoin.
[46:59] Future of Bitcoins – Tim goes to great length on his predictions for Bitcoin's future.
Resources
Connect with Tim:
Website: thelibertyadvisor.com/
Website: innovativewealth.com/
LinkedIn: linkedin.com/in/timothy-t-picciott-cfp%C2%AE-crpc%C2%AE-547b0b8/
Instagram: @the_liberty_advisor
Podcast: The Liberty Advisor Show W/ Tim Picciott: podcasts.apple.com/us/podcast/the-liberty-advisor-show-w-tim-picciott/id1238430499
Mentioned in the episode:
Ep #107 - Central Bank Digital Currency: Dangers & Possibilities with J Scott Christianson: growmoneybusiness.libsyn.com/website/ep-107-central-bank-digital-currency-dangers-possibilities-with-j-scott-christianson