Understand cryptocurrency with Decoding Crypto

Have you heard a lot about cryptocurrency, but still aren’t quite sure what it’s all about? Well, Nova’s podcast, Decoding Crypto can help.

Returning today, Financial Journalist Edwina Stott and Collective Shift CEO Ben Simpson are taking things back to basics.

Every Monday, Wednesday and Friday, Edwina and Ben will take listeners through the most important cryptocurrency news and break it down, explaining the concepts you need to know to understand crypto. 

If you feel like the crypto boat sailed away, this is the chance finally wrap your head around everything, and the timing could not be better.

With uncertainty in the financial markets, the cost of living increasing and Australia’s inflation the highest since the introduction of GST, cryptocurrency is not immune to the market cycle. 

Although going through a streak of plunging prices and instability, given the old investment adage ‘buy the dip’, many new investors are seeing now as the perfect opportunity to buy-in while prices are low. 

Ben Simpson says that Bitcoin is down in recent time, but when the big picture is considered, its value is still great.

“Bitcoin has gone down more than 50%, seven times since its inception because the crypto market is still relatively new, it trades 24/7 and anyone in the world can invest instantly making it one of the most volatile asset classes on the planet.”

“Most people look at a short frame, but if you zoom out over the past two years Bitcoin is still up more than 100% and continues to increase in market cap size, transaction volume and usage across the network. This is a great time to start learning about Bitcoin and Digital Assets, when there isn’t the hype and asset prices are undervalued.”

Edwina Stott says she wants to help women understand the industry.

“Cryptocurrency is one of the most exciting financial revolutions of our time. It is different in almost every way to our current financial systems. One thing that unfortunately is the same is the fact that it is incredibly male dominated,” said Stott. 

“I’m passionate about helping women to better understand this new financial technology so that, if cryptocurrency is the future of finance, we are not left behind. I’m thrilled to be able to share my knowledge through Decoding Crypto and help as many women as possible to better understand this fascinating space.”

Edwina Stott is an award-winning journalist with over 15 years of experience reporting, producing and presenting for the BBCABCFairfax Media and NOVA Entertainment

She has worked as a financial journalist for BBC Radio 4 & 5 Live in the UK and since moving to Australia 10 years ago, now produces and presents radio documentaries and podcasts for ABC Radio National and NOVA Entertainment’s Nova Podcasts. 

Edwina became interested in cryptocurrency around 2018 and has made numerous radio documentaries on the topic. Fascinated by the financial revolution that Bitcoin created, she is particularly interested in the opportunities it provides for people in developing countries.

Ben Simpson had his introduction to crypto in 2016. A long-term investor, he is on a mission to simplify this asset class and help create generational wealth for others. Ben has been working in the space and building crypto education companies since 2017 and has been through multiple bear and bull markets.

Early on, after understanding the transformative power of Bitcoin, Ben decided to go all in and hasn’t looked back. He has continued to learn and share his lessons and Ben’s biggest passion is helping people get the education, tools and analysis to get started and create potential wealth in crypto.

Today he is the founder and CEO of Collective Shift, a pioneering and rapidly growing Web3 education and research platform.

Decoding Crypto returns to the NOVA Entertainment Podcast Network with a new episode dropping every Monday, Wednesday and Friday.

Listen to Decoding Crypto here, via the Nova Player or wherever you access your podcasts. 

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