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One of my biggest concerns about Bitcoin and how education can shift most paradigms. \n\nBitcoin can be used for illicit activity. \n\nBitcoin used for Illicit activity was a major obstacle that I had to overcome to become open minded towards the space. \n\nThe anonymity component of Bitcoin attracts bad actors to the asset. \n\nFrom 2014 to 2020 the SEC reported 700 cases of fraud, lack of disclosures, ponzi schemes, and other violations. \n\nOnly 2% of these cases were related to cryptocurrencies. \n\nOne of the first cases of securities fraud happened with Alexander Hamilton when he issued federal bonds to pay government debt. \n\nIt's important to realize that there has been fraud in every asset class (cash, bonds, gold, real estate, and stocks ect)\n\nThere is no substitute for due diligence in any asset class. This is the reason why I chose to get certified in the block chain and digital assets. \n\nBefore you invest or participate, learn to read the space or hire someone who is qualified to do so. \n\nMost people don't understand the digital asset space and nevermind conducting due diligence. \n\nKnowing how to read doesn't make you smart. \n\nReading just gives you an opportunity to learn. \n\nMost people don't know how to read or navigate the digital asset space. \n\nIt's my fear that uneducated people can get hurt in stocks, bonds, and digital assets. \n\nThis is why I created the Joe Soto Project Podcast. \n\nIf you don't understand heat it's best to stay out of the kitchen. Even if you know what heat is. \n\nI want people to have the freedom to navigate the digital space with confidence. \n\nFreedom comes from education. No education, no freedom. And, if you don't have the education you should stay out of digital assets.\n\nI feel the financial advice space was created to educate and protect. \n\nYou need two clear maps. \n\nA map to navigate the financial advice space and a map to get educated on the asset you wish to invest in. \n\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/joesotoproject/message