Dogecoin, Crypto Investing and Elon Musk on Saturday Night Live  

Question: What does the CEO of an electric car company/space shuttle company going on a long-standing TV show have to do with the price of a cryptocurrency named after a dog in a meme? 

This is the type of wacko things we are dealing with if you haven’t been paying attention to the hangover 2020 gave 2021.

Dogecoin – is a cryptocurrency that was literally built as a joke. Its so much a joke, that the founder of dogecoin (pronounced doggy coin, doje-coin, and dog e coin) sold it early on before it took off so he could buy a new Toyota. If he had held on, he could almost buy the company Toyota.

Cryptocurrency – Dogecoin is like Bitcoin, but NOT like Ethereum. It is a true cryptocurrency whereas Ethereum is a blockchain that is built like a network with its own token that people trade. Many “cryptos” have different use cases but only a few are meant to be actual digital money.

Elon Musk – CEO of Tesla/SpaceX and a few others. He is truly King of the Nerds. He made is original fortune by making a well known app called Paypal and selling it. Then creating and defying the odds with an electric car company and space shuttle company that recently took astronauts to the ISS without anyone flying it. 

SNL – a TV show that has been running for years known for its hilarious live performances by many stars, celebrities and occasionally CEOs. 

Okay, hopefully that catches you up and time to bring it all together. So before we go any further, we have to ask ourselves, what is money?

Well, an easy answer is that it is a store of value that people agree upon to utilize in order to purchase goods or services. So really, money can be anything as long as a lot of people agree. If we want to go back to using seashells as money, we could as long as enough of us agreed to do so and what it is worth. 

That’s what dogecoin is. Its seashells. Okay, its computer code. But its code that got enough people to agree to trade ACTUAL FIAT MONEY in order to buy. And that has made some people RICH. It’s made a lot of other people poor but you don’t hear about those as much. No one wants to admit they lost this months’ rent on a fake currency online.

So should you buy Dogecoin before Elon goes on Live national television and plugs the meme coin and potentially driving the price up?

Well, I’ll answer that question with in this epsiode.

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If working a 9-5 for 60 years so you can retire with a little money and die a few years later is what you want to do, then this is not the podcast for you.

Stephen is an executive coach that works with executives and entrepreneurs to build the life that they want, personally and professionally.

This podcast is about contrarian investment strategies around time, energy and money to build the 4 types of wealth and utilize lifestyle design to create the life we want. The interviews are with hi-earning individuals on how they make money so you can copy us and grow wealth too!

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