About this video
- Video Title: Survive The Cypto Crash
- Channel: Brandon Carter
- Speakers: Brandon Carter, Ben Simpson
- Duration: 40:10
Overview
This video features Brandon Carter interviewing Ben Simpson, a cryptocurrency research expert, about navigating the volatile world of crypto. They discuss strategies for investing, managing risk, identifying opportunities, and avoiding common pitfalls like scams and hype. The conversation also touches upon the broader financial landscape, government policies affecting crypto, and the future potential of digital assets.
Key takeaways
- Ben Simpson's Background: Simpson shares his personal journey into crypto, starting with a loan at 18 to invest in Bitcoin, and his success in building a crypto research company that serves high-net-worth clients and major exchanges like Coinbase.
- Distinguishing Bitcoin from Crypto: It's emphasized that Bitcoin is a specific asset ("digital gold") within the broader crypto market, which contains millions of other coins, many of which are considered scams.
- Primary Markets vs. Exchanges: To achieve significant returns (20x or more), Simpson advises investing in altcoins through primary markets or decentralized exchanges before they are listed on major platforms like Coinbase, as by then, it's often too late for substantial gains.
- Navigating Scams and Noise: The crypto space is filled with "noise" and scams (estimated at 98%). Simpson stresses the importance of research, fundamentals, and having a data-driven edge to avoid being exploited by institutions.
- Seven-Step Investment Strategy: Simpson outlines a process including setting goals, portfolio allocation, risk appetite, buy/sell strategies, tax and structure optimization, and asset allocation.
- The Role of Bitcoin in a Portfolio: Bitcoin is presented as a hedge against USD inflation due to its limited supply and decentralized nature. Its performance is compared to gold, noting a potential lag.
- Risk and Altcoins: While Bitcoin is seen as a long-term, lower-risk hold, altcoins offer higher potential returns but also significantly higher risk, with many eventually going to zero.
- Market Cycles and Exit Strategy: Crypto markets operate in cycles. Simpson highlights the importance of having a sell strategy to take profits, as peaks can be very short-lived (e.g., Dogecoin's peak lasting only hours).
- Influencer and Celebrity Endorsements: Caution is advised against blindly following crypto influencers or celebrity-endorsed coins, as many are promoted for personal gain, and most celebrity coins have historically failed.
- The Future of Crypto and Institutions: The increasing institutional adoption (e.g., Bitcoin ETFs, government purchases) suggests a maturing market. Simpson predicts a potential bull run peak in mid-to-late next year, with good altcoins potentially seeing 2-3x returns.
- Decentralization as Key: The value of Bitcoin is in its decentralization; government or company-controlled coins are viewed with skepticism due to the potential for manipulation or rug pulls.
- Community and Research: Collective Shift, Simpson's company, focuses on long-term investing and providing independent research and insights to clients, helping them navigate the complexities of the crypto market.
