This Might Be a Light Bulb Moment for You Too

Friday, 19 March 2021
Melbourne, Australia
By James Woodburn

[1 min read]

Dear Reader,

With Woody off on a brief getaway this week, you’ve got me (Greg Canavan) in the driver’s seat for The Insider today.

To be honest, I’m glad I got the opportunity. I told Woody I’d be happy to fill in for him, because I knew exactly what I wanted to talk to you about today.

You see, I recently had a light bulb moment. And I’m hoping I can turn the light on in some way for you too.

It sort of involves cryptos, but it sort of doesn’t too. When it comes to cryptos, you generally have your true believers, or you have your hard core sceptics. I was a sceptic. But I’ve spent a fair bit of time (since last year) looking into whether this whole crypto thing is a speculative bubble, or whether it has legs.

While I have no opinion on the price of cryptos, I do see why the technology is beneficial and why it would revolutionise the financial markets over the next decade.

To explain why, I thought it best to talk about this with our resident crypto expert Ryan Dinse.

If, like me, you are sceptical of cryptos but suspect there is something more to it than crazy speculation on vertical price rises, you’ll enjoy this conversation.

Because there is something more to it. The value of a cryptocurrency is just a manifestation of the value of the underlying technology that supports it. In this case, it’s blockchain technology that, in effect, puts a price on trust.

And as you know, in a financial system, trust is everything. Without trust, the system would grind to a halt.

So, click on the picture below and watch the conversation. If you have any questions, or feedback, let me know at letters@portphillipinsider.com.au. I hope it’s useful and turns a few lights on for you.

Before you do that, just a quick reminder to have a squizz of my mate Callum Newman’s ‘Flag Finder 2021’ presentation. Cal’s been in the markets for years, and has become a specialist at identifying stocks primed for explosive, short-term moves.

It’s high-risk, high-reward stuff. But his latest pick is off to a flyer, and his track record is very impressive. If you like lots of action in your stock trading, Cal will show you how he does it, here. It’s free, and Cal has even given away a free stock tip, just for tuning in.

For now though, it’s onto my conversation with Ryan Dinse…

 

Cheers,
Greg