Todd PolkeInvestment Strategist l Wealth Coach l Speaker, Todd Polke · Investment Strategist l Helping Investors and Business Owners grow their Wealth Faster

What is the relevance of cryptocurrency? #shorts #australia #crypto #cryptocurrency

4 Mar 2024 · 1 min

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In this short explainer, the speaker outlines a framework for assessing whether a cryptocurrency is relevant. The evaluation hinges on four core questions: (1) Does the coin have a real‑world use case or solve a worthwhile problem? (2) How accessible and usable is the coin for users today and in the future? (3) What distinguishes the coin from other cryptocurrencies – i.e., its unique value proposition? (4) Is the coin likely to stay relevant over time, and what factors support that outlook? By systematically asking these questions, investors and observers can gauge a coin’s practical utility and long‑term viability.

When I'm looking at coins strategy, we want to understand, is the coin relevant? Is this coin actually relevant? Is it accessible and usable, or can you see, or see it will be in the future? So with the question we want to be asking ourselves, is there a real-world use case for the coin, the technology behind it? Does this coin solve a real-world problem that's actually worth solving? How readily usable is the coin? What makes it unique compared to other coins? And do you feel the coin will remain relevant in the future and why?