Ep. 59 - Crypto Made Simple, Safe, and Smart w/ Eric McDonald

What does traceability mean for cryptocurrencies compared to US dollars and gold? Why was FTX able to operate under the radar for so long? How does CoinLion ensure safety for its users? Better ask the expert! In this episode, we speak with Eric McDonald, CEO and Board Chairman of CoinLion, a cryptocurrency auto trading platform that has made investors over 4 million in profit by executing over 530,000 trades, and the total worth of these trades is over a billion dollars. Eric discusses his technical background and how it led him to CoinLion. We uncover why their platform offers an easy solution for people to invest in cryptocurrency without worrying about complexity or where to begin. We'll also dive into the regulation of the crypto space and the potential implications of new players like FedNow. 

Dive right into today’s insights filled with opportunities that make crypto simple, safe, and smart! 

[00:01 - 07:49] Eric McDonald: from writing code in his basement to a Billion-Dollar crypto auto trading platform

[07:50 - 15:09] Dissecting and investigating the different platforms of crypto trading 

[15:10 - 22:24] Government regulation of blockchain: is it necessary? Is FedNow helping?

[22:25 - 30:17] Exploring crypto's ‘traceability’ and the reality of intangible assets

[30:18 - 35:29] How FTX went undetected for 18 months and the importance of due diligence

[35:30 - 42:15] Protecting your investments by using the right platform like CoinLion

[42:16 - 45:32] Crucial advice for people wanting to get into the crypto space

Quotes:

“I can sit down with 10 people, and they all have great ideas—and I’m good at saying, ‘Nope, this is the one that we should execute on.” - Eric McDonald

"Anytime there’s a massive, fraudulent issue, greed is that underlying item behind it. For me personally, I've realized the value of building a business that truly has value behind it… You play everything by the book." - Eric McDonald

"No regulation just allows bad actors to walk in... So I do believe regulation is good when it's done the right way." - Eric McDonald

"Crypto is way more traceable, trackable than any other currency we've ever had." - Eric McDonald

"Build value, take your time—do it right. I did that, and I built an amazing company that I'm super proud of." - Eric McDonald

Connect with Eric on LinkedIn. You can go to https://www.coinlion.com/ and start trading crypto automatically.

You can now catch us on Spotify and watch our full video episodes, join in on Q&As, and participate in polls! 

Do you want to grow your wealth and leadership? Connect with us on Facebook, Twitter, and Instagram. Be sure to subscribe to us on YouTube to enjoy highlights and full video episodes. 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 

Be sure to Subscribe, Share, and Leave a Review to let us know you want to keep the content coming.