DAVEN ROBERTS
Yuri Cataldo continues on from Part 1 by focusing on how to buy and store cryptocurrency, as well as to speculate on its future.
CAW Network USA hosted the second of 3 sessions of “Cryptocurrency for Accountants” on September 23rd, 2021. Yuri Cataldo, an award-winning entrepreneur, keynote speaker, best-selling author, and emerging tech strategist who combines the mindsets of an artist and a technologist, shared his expertise with the audience in a stellar second presentation.
Yuri was named one of the 40 under 40 business leaders in Indiana, and he is a classically trained set/costume designer (Juilliard/Yale/IU) turned entrepreneur with credits on Broadway, Dance, Film, and Opera. He is the founder of IndigoH2O, the only multiple award-winning bottled alkaline water in the world. Yuri is the co-author of the internationally bestselling book about Bitcoin/ Blockchain: Be Left Behind – Discover Bitcoin and Cryptocurrency Before Your Grandmother beats you to it, and he draws on information from his book for this series of presentations.
Below are highlights from the event:
Yuri begins by explaining two crucial aspects to cryptocurrency storage. He defines the “wallet” and the “wallet address,” in parallels to common banking practice the audience is familiar with.
Safety is a large part of cryptocurrency, so Yuri explains precisely how an investor must keep their coins safe: both using their private keys and their mnemonic phrase.
With lots of background experience in the industry, Yuri gives his advice on which exchanges US investors could get involved in. He highlights choosing an exchange as the first step to buying a coin and demonstrates why the specific exchanges he puts forward are secure.
Yuri understands that more conservative investors may search for another way to indirectly invest in cryptocurrency. He explains the easiest ways to invest today, through the public stock exchange and companies which actively disclose cryptocurrency on their books.
The largest teller for a cryptocurrency is its “tokennomics”.” This is what makes the difference between the values of each individual coin, in other words, their use and utility.
