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Podcast: Purpose-Driven Wealth
Episode: Episode 51 - Understanding Credit Default Swaps and Using Bitcoin as Portfolio Insurance
Description: Although Bitcoin has recently become a popular investment vehicle, many are still wary of jumping on board. Join your host, Mo Bina, and guest, Greg Foss, in this episode of Purpose-Driven Wealth as they debunk erroneous concepts about Bitcoin. Greg shares about Bitcoin being the best asymmetric trade opportunity due to its rising potential up to 100 times in value. This means that even if only 5% of your portfolio is in Bitcoin, it can protect the 95% of your Fiat Ponzi portfolio. He also explains the meaning of Credit Default Swap and how it works. If you want to know more a...