The State of Crypto with King Bless

With the current bear market, the market has been at a major low. One of the markets that has been the most covered and most divisive is the crypto market. With market experts divided on where the crypto winter will lead, some investors are keeping as much fiat in hand as possible. What is crypto winter? King Bless, co-host of The Gentlemen of Crypto daily news show, and co-creator of the KRBE Digital Assets Masterclass, joins this week’s edition of The Yield to discuss the current state of crypto.

Key Takeaways:

[7:22] What is a crypto winter?

[13:40] Cleansing the market and redefining the perception of bitcoin. 

[15:52] Understanding ethereum, DeFi, and the crypto ecosystem beyond bitcoin. 

[22:40] Technological innovations that will allow bitcoin to become more immersed in daily life. 

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With the current bear market, the economy has made some investors more cautious. One of the most covered and divisive sectors during this time has been the crypto market. With experts divided on where the crypto winter will lead, some investors are keeping as much cash in hand as possible. What’s crypto winter, and how long might it last? King Bless, co-host of The Gentlemen of Crypto daily news show, and co-creator of the KRBE Digital Assets Masterclass, joins this week’s edition of The Yield to discuss the current state of crypto.

From his original plan to play college football and then become a Navy SEAL, King was exposed to Wall Street for the first time as a 25 year old public relations officer.  Once he learned about crypto and bitcoin, together with a college buddy named Isaiah Jackson (author of Bitcoin & Black America), he began his journey into educating others about the crypto space. From masterclasses and books to his widely popular podcast, The Gentlemen of Crypto, of which the 1,000th episode is set to release in the coming weeks, King has made a name for himself as a true pioneer in the crypto space. 

As an expert, he has the answers about the current state of crypto, starting by observing that a ‘crypto winter’ is little more than sensationalism from investors either unfamiliar with the space or have some education but are intentionally promoting sensationalism. When it comes to Bitcoin, as well as other nascent cryptocurrencies, price does not determine value.

According to King, nothing has made Bitcoin less valuable today than it was six months ago or during its prior gains. If anything, he argues that bitcoin has become even more valuable. We’re currently in a bear market, and by King’s assessment we’re not even close to reaching the fair value of bitcoin. He highlights two separate investment strategies in this space- either investors are here for Fiat currency and gaining more money, or you’re here for bitcoin and you believe that bitcoin is a reserve currency and that your main goal is to accumulate more bitcoin. If the second is your strategy, then you won’t care about the price of bitcoin today because you know that bitcoin is a reserve currency and in 10 years the price is going to be much higher. 

Many potential investors assume they’re too late to Bitcoin and the Crypto space to achieve the same type of outlandish returns that some early adopters have seen. However, there’s cause for optimism in the crypto and web3 space at large both as an investment vehicle or as technology. For more information about ethereum and the crypto ecosystem beyond bitcoin, projects King recommends looking into, and what’s coming next in the crypto space, don’t miss their full conversation. For more information about how you can diversify your investment portfolio, visit www.yieldstreet.com today. 

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