Brad HartI help 7-8 figure entrepreneurs scale faster with AI, masterminds, and results-driven systems | Founder of Optimus & Repurposefully

Part 8: its top good to be true! #wealthcreation #money#businessrules #coach #makemoremarbles

Name: Part 8: its top good to be true! #wealthcreation #money#businessrules #coach #makemoremarbles
Uploaded: 2022-08-06T22:43:19+00:00
Duration: 45 s
Channel: Brad Hart
Description: Brad Hart warns against crypto tokens and NFTs without real business models, calling them "Ponzinomics." Tokens that need constant printing to keep…

6 Aug 2022 · 1 min

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Brad Hart warns against crypto tokens and NFTs without real business models, calling them "Ponzinomics." Tokens that need constant printing to keep promises will fail. Platforms like exchanges and collateralized lending with trust and low friction, like Celsius, are more likely to survive.

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If it seems too good to be true, part 8 of my time tested Rules for Accumulating wealth if it sounds too good to be true, gang, it is. Period. I'm not beating up on crypto. I love crypto. But you all really need a reality check. Ponzinomics Tokens that have no business model behind them, or NFTs that just don't do anything. They must keep printing in order to meet their demands and promises or they're doomed to fail. Even then, it's promise or perish. Platforms, on the other hand, exchanges, collateralized lending, and some other business models will survive and thrive in the new economy. A few fits and starts aside looking at you, Celsius, if you can increase trust, decrease friction, and add more value as a result of the business model, you'll probably win. Follow me for the next part of the series because there's some great stuff coming.