Our goal at Hightower Bethesda is to help people make smarter financial decisions that ultimately serve their best interests over time. We brainstormed topics of interest pertaining to this goal and ultimately came up with 5 series we want to explore ways to better equip the listeners to make smarter financial decisions (1) Planning for Business Owners (2) Women Business Owner Series (3) Alternative Investments (4) Economic Insights (5) Divorce Financial Planning.
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Our goal at Hightower Bethesda is to help people make smarter financial decisions that ultimately serve their best interests over time. We brainstormed topics of interest pertaining to this goal and ultimately came up with 5 series we want to explore ways to better equip the listeners to make smarter financial decisions (1) Planning for Business Owners (2) Women Business Owner Series (3) Alternative Investments (4) Economic Insights (5) Divorce Financial Planning.
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Michael Sonnenshein, CEO of Grayscale Investments, the world largest digital currency asset manager. Michael oversees the strategic director and growth of the business and maintains relationships with key stakeholders. Michael talks about cryptocurrency, what it is, why it’s a polarizing topic and the rationale for owning it. He explains the differences between cryptocurrencies and how it can fit into someone’s portfolio. He also discusses how a company like Grayscale does due diligence on cryptocurrencies and how transparency and compliance come into play.
“There is very much a real world scenario where these exist side by side, both decentralized digital currencies, like BitCoin, along with a centralized digital currency like the US dollar.” -Michael Sonnenshein [23:45]
What You Will Learn:
[02:09] What is cryptocurrency
[04:54] Differences between the cryptocurrencies
[06:43] How does someone evaluate a cryptocurrency
[09:59] The lack of barriers to entry for cryptocurrency
[16:08] How this could be implemented in the future
[20:12] How companies can accept cryptocurrency
[24:01] How Grayscale identify, evaluate and keep up with products
[26:14] Transparency, compliance and taxes
[30:19] Michael’s thoughts on Elon Musk and the media
Our Contacts:
Website: bethesda.hightoweradvisors.com
LinkedIn: Hightower Bethesda
Facebook: HightowerBethesda
Twitter: @LeahPlans4You
Guest’s Contacts:
LinkedIn: Michael Sonnenshein
Twitter: @Sonnenshein
Everything Money
Our goal at Hightower Bethesda is to help people make smarter financial decisions that ultimately serve their best interests over time. We brainstormed topics of interest pertaining to this goal and ultimately came up with 5 series we want to explore ways to better equip the listeners to make smarter financial decisions (1) Planning for Business Owners (2) Women Business Owner Series (3) Alternative Investments (4) Economic Insights (5) Divorce Financial Planning.
