Crypto or Banks: the Bigger Scam?

This isn’t as easy a question to answer as it should be! In this episode, Rob explores why both options have downfalls and the potential to ‘scam’ you out of money and what you can do to prevent it from happening to you. KEY TAKEAWAYS If you are going to put your money into crypto ensure it is independent of the owner and decentralised. Banks are profit-making corporations, they are not decentralised. Only put your money into major or ‘proven’ banks and cryptocurrencies. Have as much of your money as you can into assets that you can control. You need a nice balance of physical and digital assets. BEST MOMENTS “So many cryptos are a scam because your money isn’t decentralised” “What you’re really doing is lending money to an entity that has its own profit motive” “People go bust when they have all their money in one asset class” VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information.