132. David Mitchell Jr discussions of Dogecoin Safemoon Futures

Join Scott and Mark with their guests David Mitchell Jr. as they chat about diving into cryptocurrency and the future of digital transactions. David is a YouTuber whose content ranges from real estate investing to now cryptocurrency. Today, he shares his thoughts on the “crypto as the people’s new currency” movement and how the recent hype of Dogecoin may cause the rise of other crypto forms. If you want to get ahead with digital stocks and currency, stay tuned and enjoy the episode!Crypto As The People’s CurrencyWith the promise of it stabilizing later down the line, there has been a movement to make crypto the people’s new currency recently, piquing the interest of many. David Mitchell Jr. even dove into what it could mean concerning the current economy and the dollar’s value. He believes that certain aspects have to take place. The issue of inflation has often hindered the possibility of crypto becoming the people’s currency. Take the dollar, for example. The dollar also struggles with inflation. It usually has to be attached to something to grow in value, such as gold and oil. Cryptocurrencies are no exception to this problem. The current economy is so linked to physical investments that people would more often than not take out loans for real estate, cars, education, and the like. But now that we live in a digital age where most transactions are done online, cryptocurrency can be the people’s new form of payment. Investors may be turned off by crypto due to inflation now. Still, once companies start incorporating crypto into their system, its value may stabilize because then it would have goods linked to it. Then again, another issue would be regulations surrounding transactions that use cryptocurrency, which is where the Federal Reserve comes in. Either way, many factors have to be considered before crypto can become the people’s currency, but its possibilities are just as endless.The Rise of New CryptocurrenciesIn the last five years, Dogecoin has caused plenty of hype surrounding cryptocurrency. Hence, Da