Uncensored Crypto podcast: episode 2 review

The Uncensored Crypto podcast delivers straight-talk about Bitcoin and other cryptocurrencies, Web3, the blockchain, DeFi, NFTs, and more. Host Michael Hearne interviews the disruptors at the forefront of the crypto revolution who are shaping our economic, financial, and political future. 

This is the second episode titled “Crypto 101” in the Uncensored Crypto podcast series. In this episode, Michael speaks to Bryce Paul about Bitcoin ETFs, Polkadot, and more. Feel free to start with the trailer to learn more about the Uncensored Crypto podcast.

The cryptocurrency market has grown immensely over the past decade, and people like Bryce Paul have helped many people understand Bitcoin, Ethereum, and more. Paul is a cryptocurrency expert and the host of the Crypto 101 podcast. 

Thoughts on the current market

When this Uncensored Crypto podcast episode was originally recorded, Bryce Paul praised the cryptocurrency markets in October, pointing out that some analysts had nicknamed the month “Uptober,” thanks to Bitcoin’s historic move upwards. Paul believes that the driving force behind this move was the approval of the first Bitcoin Futures ETF in the United States.

However, Paul warns against the idea of Bitcoin continuing to dominate the market. In fact, he argues that Bitcoin dominance is “on its last legs.” Specifically, he has full faith that an altcoin season is upon us. 

The power of DeFi

Paul also believes that the cryptocurrency markets will be bolstered by DeFi bridging the world to real-world assets. He mentions the fact that tokenization can revolutionize the real estate sector, or even accounts receivables, and titles or deeds. He brings up the fact that Fidelity Investment, one of the world’s largest asset managers, pushed for a spot-backed Bitcoin ETF.

Paul is excited about the rise of DeFi, because it could disrupt how credit is issued, loans are given out, and more. Michael agrees that tokenization is a game-changer, adding: “There’s so much equity that’s trapped inside of these tangible assets.” He points out that tokenization allows individuals to tap into their liquidity in a much more efficient and affordable way than ever before.

Bryce also believes that it’s about more than just offering decentralized financial products: DeFi can also help to eventually bank the unbanked. Michael agrees that DeFi can provide access/capital to entrepreneurs, so that it has an impact on the “real economy” rather than just traders who buy and sell cryptocurrency. 

Polkadot and parachains

Paul is diving more into Polkadot, even stating that he’s hired an analyst who is “focusing 100% of his time, more or less” on the platform. Paul is also extremely excited about parachains, or “side chains,” which help the Polkadot network address challenges such as security, scalability, and interoperability. Paul’s a fan, and urges Uncensored Crypto listeners to check out the project.

Paul points out that he’s not a fan of the idea that Polkadot has to be a “head to head” competitor with Ethereum, but believes that it will continue to solidify its own spot in the cryptocurrency markets. As of press time, Polkadot’s market capitalization hovers at around $39 billion. 

What the Uncensored Crypto podcast thinks the future holds for blockchain

At one point in the Uncensored Crypto episode, Michael admits that he may have been naive originally regarding blockchain’s ability to immediately address poverty. However, he thinks that over time, it can lead to many people in undeveloped companies beginning to “self-actualize and solve problems.” Paul agrees, pointing out that this will lead to community enrichment.

To Bryce, this means that human beings can use community-powered coins to help galvanize their local economies and communities. Instead of relying on government assistance, entrepreneurs can take advantage of DeFi tools. He sees a parallel between grassroots growth, local activism, and DeFi in general. 

Michael adds that he’s bullish on Bitcoin and Ether, and Paul agrees. Michael asks for Paul’s thoughts for beginners. Paul says that if you’re new to crypto, your best bet is to “dollar-cost average your way into Bitcoin and Ethereum,” since they are fundamentally stronger than other cryptocurrencies. He suggests purchasing on a fixed interval so that you can get exposure, and also eventually develop a solid investing plan.