The strategy of promoting and evangelizing cryptocurrency amongst wealthy individuals, such as asset managers and venture capitalists, can lead to increased popularity, growth and investments in crypto, benefiting both the business and individual holdings.
Building a business in the crypto industry is a difficult task due to the industry's significant fluctuations in demand and revenue potential. It is challenging to match expenses with revenue and determine when to cut back or turn off cash flow.
Content creators can blow up faster by feeding biased information to an audience with a pre-existing belief system or bias. This happens frequently in the crypto world, where anti-dollar, anti-fed sentiment is used to rile up a zealous crowd without providing real information.
The best way to make money in crypto could be by targeting a niche that consulting firms and financial institutions are not yet aware of, according to a guest on Pomp's podcast. By doing so, it could be possible to generate millions in revenue through the sale of specialized knowledge.
Arianna Simpson discusses the challenges of raising funds for a new venture, highlighting the need to build a network of trustworthy individuals, as well as the importance of engaging with potential investors in a clear, concise and effective manner.
The speaker is hesitant to invest in cryptocurrency, despite the advice to invest 5% of net wealth in it, due to differing opinions on its worth from different parts of the world. They are open to being convinced otherwise.