You can almost get bitcoin anywhere these days, and the good thing is you don't have to buy a full bitcoin, too! Get a tiny fraction and get started on your crypto journey. Remember, I am not a certified financial advisor, and it is always best to put in what you feel comfortable with after you do your research.

Key topics in this video:

✔️ PRO: The blockchain makes things really secure and difficult to fake. A company can get hacked, and someone can try to do something fraudulent. If it's just one ledger, if it's, you know, tons of computers around the world, it gets harder because it's easy to catch it. Suppose one computer has different information from all others.

✖️ CON: The blockchain also makes things pretty slow on the flip side. Because, unlike a credit card that can take millions of transactions per second, there's a limited number of transactions every second that can get recorded on the blockchain so that it can get pretty slow. It's gotten better. Engineers are working every day to make bitcoin and the blockchain better, but in the early days of bitcoin, it could take days for a transaction to go through with pretty high transaction fees.

✔️ PRO: A decentralized currency is good at protecting against governments and protecting against inflation. Suppose you are watching this video in the United States, congratulations! You are pretty comfortable with our government & our banking system (sometimes but not always). However, there's a lot of countries around the world that don't have that luxury. And so, having that kind of a decentralized currency that you can send to family cross-border super easily is a complete game changer and a complete economic changer for those countries.

✖️ CON: With a decentralized currency, that means that if you lose money, there is no one to call. There's no asking like your bank or your credit card to complain. If you give your password to a hacker, it's gone, your crypto is gone, and you're not getting it back.

✔️ PRO: Bitcoin is the big one in crypto. It's a great place to start. You can buy it almost anywhere on any of the major wallets. You can get it on PayPal, Venmo, get it in an ATM in a supermarket. (Although I don't recommend that because you pay astronomical fees.) The point is you can get bitcoin anywhere these days, and the good thing is you don't have to buy a full bitcoin. You can get ten dollars worth or a tiny fraction, so it's a great place to start if you're getting started on your crypto journey.

✖️ CON: Bitcoin is volatile. There's a cartoon that I saw a few years ago that I love, and it's a little kid asking dad for bitcoin. And in one sentence, the dad goes: "What do you want $45,000 for? It is too much. No, go back to bed. I'm not giving it to you!" It was a joke on how volatile bitcoin is at any given time. So if you're the kind of person that's going to be like checking your crypto wallet every day, freaking out about little ups and downs, then you know you should be self-aware about that.

✔️ PRO: Exciting new developments are being built on top of bitcoin right now. One example is Stacks, which makes things like NFT possible on top of the bitcoin blockchain. (I have a video with the head of the Stacks Foundation that I encourage you to check out to learn more about that.)

✖️ CON: The environmental issues with bitcoin. Some are founded, while some are hysteria. So I encourage you to do your research. There is a lot of innovation in the crypto space that's trying to address the eco concerns of crypto.

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About Randi Zuckerberg

I like to call myself "a professional mom to entrepreneurs." I believe in the importance of nurturing startups and entrepreneurs. As a woman in business, I believe that we need more female and diverse founders to shift the world.

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