Mike Grantis on Scouting Next-Gen Crypto Companies with Crypto Weekly (Episode 174)
Mike Grantis on Scouting Next-Gen Crypto Companies with Crypto Weekly. On this episode, Richard is joined by Mike Grantis for a discussion on scouting the teams building the next wave of crypto companies.
Mike Grantis is the Founder of the crypto intelligence platform, CryptoWeekly, the blockchain education course, Bitcoin 101, and the NFT-based trading card game Crypto Revolution. Mike is a passionate advocate for the adoption of Bitcoin, blockchain, and cryptocurrency. He has spent the past 5 years educating his friends, family, and followers on the immense potential that Bitcoin and Blockchain have to offer.
Links:
Website – https://cryptoweekly.co/
Twitter – https://twitter.com/WeeklyCrypto
Telegram – https://t.me/CryptoWeeklyOfficial/
Facebook – https://www.facebook.com/CryptoWeekly/
Online Course – https://bitcoin-101.thinkific.com/courses/bitcoin-101
Email – mike@cryptoweekly.co
The following transcript was created using artificial intelligence. There will be some grammatical errors below.
00:00:03:22 – 00:00:15:03
Richard Carthon: Hello, everyone. Welcome to another episode of Crypto Current, your host Richard Carthon, and today I got a special guest working on a really cool project, CryptoWeekly.co. We have Mr. Mike, how are you doing today?
00:00:16:29 – 00:00:18:24
Mike Grantis: I’m great. Thanks a lot, Richard. Appreciate you having me.
00:00:19:07 – 00:00:26:11
Richard Carthon: Of course, man. Well, before we learn more about all the exciting things that y’all have going on, let’s first learn a little bit more about you. Give us some background on yourself.
00:00:27:14 – 00:01:23:24
Mike Grantis: Yeah. So, I mean, my Cryptocurrency journey started in late 2016, when I kind of learned about Bitcoin and kind of fell down the rabbit hole. It’s probably a pretty similar to most story, most people in the space. I did about six months of research, you know, diligently trying to understand it before, you know, investing any money. And luckily kind of got in, you know, during that big kind of 2017 bull market, you know, but quickly realized that, you know, this wasn’t just an investment, it wasn’t just an asset class, it was really, you know, an industry that’s going to change the world. And, you know, that’s what really drew me into the space. And I’m sure a lot of your listeners can kind of speak to the same type of story, just being part of something that’s so much bigger than yourself, so much bigger than the traditional systems in the world that we live in. And, you know, being a force for change, I think, you know, really, really drew me into the space.
00:01:24:14 – 00:02:05:28
Mike Grantis: So, I kind of got my start in 2016. For the last five years, I’ve just made it my mission to kind of educate my family and friends on Cryptocurrency, on Bitcoin, you know, doing podcasts, doing, you know, I launched a course called Bitcoin 101 on Udemy. And, you know, now I’m the proud owner of a website called CryptoWeekly. We have a newsletter that goes out every Monday morning, just gives you the top kind of quick fixes on top stories, technical analysis, funding deals happening in the space, Crypto jobs, and top content in the space. So, we’re really just trying to consolidate a bunch of information.
00:02:06:12 – 00:02:47:12
Mike Grantis: You know, this Crypto space moves so fast and we want to make it our mission to save everybody time, get their information all in one place. We just rolled out our new website too, CryptoWeekly.co, so you can go and check that out if you’re interested in just going down a rabbit hole and learning more about the Crypto space as a whole. So, you know, that’s where I’m at today. I’ve had, you know, in a past life, I worked for State Street, which is a Cryptocurrency broker that works with high net worth individuals and institutions to help them get exposure to Bitcoin. So, you know, Bitcoin and Cryptocurrency is my life right now, and I couldn’t be happier. It’s a great time to be in the industry.
00:02:47:26 – 00:03:39:21
Richard Carthon: Yeah, man. I mean, the fact that you have been in it for the past five years now, got in the last bull cycle, of course, got through the last bear cycle and now in this current nice bull run, the excitement is very different from last time. I feel like the world is a little bit more ready to receive all the opportunities that Crypto has. Not to say that we’re anywhere near mass adoption. We are still very much at the beginning stages and very early stages of people beginning to have their interest piqued, but then also now wanting to get involved. And like you said, it’s really important to keep educating and providing information that people can digest and understand. And my understanding with, you know, CryptoWeekly, when you first created that, you know, what was the impetus of creating it and like, what has that ultimately evolved to?
00:03:40:28 – 00:04:15:24
Mike Grantis: So, okay, full disclosure, I actually didn’t create the business. I purchased the business a few years ago off a gentleman and, you know, purchased it originally under the assumption that I wanted to buy and own something in the Crypto space. And I also wanted to be a part of the solution, a part of helping people get educated on the space, helping to grow mass adoption, as you said, right? We’re only at two percent global adoption of Bitcoin right now, and so, that S curve pretty much hasn’t even taken off yet.
00:04:16:03 – 00:04:16:18
Richard Carthon: Right.
00:04:16:20 – 00:04:29:23
Mike Grantis: So, for everybody that thinks they missed the boat, you know, history’s littered with graveyards of people that have said, “Oh, I missed the boat at one hundred, I missed the boat at a thousand, I missed the boat at 5,000, 10,000, 20, 30, 40.”
00:04:30:09 – 00:04:30:24
Richard Carthon: Right.
00:04:30:26 – 00:05:10:29
Mike Grantis: And so, you know, what’s interesting to note is that this is a step change in technology. It’s a revolution in the way that we organize society and the way that we organize and share value. And so, for a step change in technology like that, there really isn’t a limit to how far it can go, just in the same way that we didn’t know what the Internet was when we first created it. And still to this day, we don’t know the extent of what can be done on the Internet. The same thing is happening in Blockchain and, you know, Raoul Paul always uses the analogy that Blockchain is eating the world in the same way that software ate the world and the same way that Internet and mobile phones ate the world.
00:05:11:08 – 00:06:09:05
Mike Grantis: Blockchain is eating the world as well. And so, I wanted to be a part of the solution and I wanted to build something that helps people get educated and also just helped refine my own understanding of the space. You know, it’s great going through all my, you know, the funding deals on CryptoWeekly, researching all the companies that they’re, you know, who’s funding them, who’s getting funded, and also just, you know, going through our Crypto feed. We’ve got a curated content feed of some of the top voices in Crypto and that’s just a great way to stay in touch with, you know, who the influencers are in the space, who’s making the decisions and who’s making the products. So selfishly, it’s great for me to stay on top of what’s happening in the space, but also more philanthropically, it’s a way to give back and, you know, help the general public get more educated on a space that I think is, you know, extremely important for the future of our civilization.
00:06:09:07 – 00:06:58:01
Richard Carthon: It’s extremely important, man. Like, knowledge is power, but then the empowerment to then have that information that you can go and act on is, I think, even more of a driving force. What I think is really cool and I want to spend some time on just for a second is, like you said, some of that funding section of the website. So, the fact that you go and do this analysis and you go and pick out all this other information, one of the questions that regularly comes up is well, when you invest in a Cryptocurrency, you know, what do you look for? What are the different variables of it? And you know, one of the things that I typically go back to is, One, do they have a website. Two, if they’re on their website, how does the website look. Three, who invested in them. And then, Four, what is their roadmap and what does it look like. And my understanding is that not only do y’all cover all of that, but y’all go much deeper. Can you just kind of talk on that a little bit?
00:06:58:21 – 00:07:05:09
Mike Grantis: Yeah, sure. And I think you hit off some great points in terms of investing in any asset and not financial advice by any means.
00:07:05:11 – 00:07:05:26
Richard Carthon: Right.
00:07:05:28 – 00:08:03:26
Mike Grantis: But, you know, those are all the things that I look for as well. I would also add to that list, you know, understanding the background of the founders and how much time and equity they’ve actually put into this. You know, if it’s a fly by night project and it’s spun up in a week or so, you know, chances are they’re not building for the long term. But if you look at projects where their founders have lived and breathed this product or this industry for the last 30 years, and they’re finally coming to to age with, you know, a great product on top of the Blockchain that maybe is an industry, maybe they’re revolutionizing an industry that they’ve been in prior, but, you know, bringing it onto the Blockchain and they have a right to succeed in that industry, I think is big. So, you know, we look at the investors, we look at who’s funding, how much they’re getting funded for. Another big thing to look for is the community, right?
00:08:04:15 – 00:08:05:02
Richard Carthon: Yes.
00:08:05:07 – 00:08:44:07
Mike Grantis: It’s interesting because some of these projects, they can’t be valued on a cash flow basis because what is cash flow when they use their own currency and, you know, the metrics aren’t as easily adapted as they are in, you know, investing in traditional stocks. So, Metcalfe’s Law is a great way to value companies in the Cryptocurrency space. How big is their ecosystem? How big is their network and how fast is that network growing? Because just in the same way that you value telecom companies or, you know, large tech companies, you look at their network, righ?
00:08:44:09 – 00:09:12:21
Mike Grantis: And with every new person you add to that network, the value of the network grows exponentially because that’s one extra node that can be a recipient and a sender of transactions. That’s one more person that you connect with in the network. That’s one more person that you can share and send value and content with. So, you know, looking at using Metcalfe’s Law to value these type of companies, I think is very important as well. And then, you know, just also looking at the industries they’re in.
00:09:13:14 – 00:09:59:27
Mike Grantis: Some industries are ripe for change when it comes to, you know, technology. I would look at the insurance industry as one that, you know, anything that can be offloaded, that human capital can be offloaded to a smart contract is probably a pretty good bet that it’s going to be eaten by some type of Blockchain company in the future. So, those are some of the things. I mean, you hit a lot of good points right off the hop, but those are some of the things we look for and we try and do a good job of just covering all the companies that are getting, you know, funding deals in the space and covering off who’s funding them and how much they’re getting and what stage of funding they’re in.
00:10:00:14 – 00:10:33:00
Richard Carthon: Yeah, man. And you brought up a lot of additional great points, so thank you so much for that. And I think the challenge of it right now is we’re seeing so much money flood into this market. It’s like people aren’t being short of having money thrown at them and people hoping for the best. You know, in 2017 to 2018, in that last bull cycle, I think, you know, it was roughly right around like a couple of hundred of coins and then all of a sudden it shot up to over a thousand. And now you look now and we’re at over 9,000 coins in the last three years. It’s insane.
00:10:33:02 – 00:11:13:29
Richard Carthon: Like the growth in this and the thing that I always go back to is like ultimately a lot of these Cryptocurrencies are essentially Blockchain startups. And a lot of them, if you look at that, as in the startup world, 90 percent of all of these are going to fail. But not to say from a timing standpoint, some of these could do incredibly from a investment standpoint, but as a long term, where I’m going the next five, 10 years, will they necessarily survive? Ninety percent of most likely aren’t, but the 10 percent that you can find that do, man, we are talking generational wealth type of opportunity here, man. And that’s what excites me. And I think people are starting to see it. They don’t fully see it just yet, but they’re starting to understand that.
00:11:14:18 – 00:11:24:27
Mike Grantis: Yeah, I think you’re bang on the head with that. And I think, you know, going one step further, as we all know, Bitcoin is really the gateway drug to get people into the Cryptocurrency space.
00:11:24:29 – 00:11:25:14
Richard Carthon: Right.
00:11:25:16 – 00:11:59:21
Mike Grantis: And if you look at the mainstream, 95 percent of conversation is about Bitcoin. And that’s just the tip of the iceberg. As you said, we’ve got 9,000 plus companies now building in the Crypto space. And, you know, a common misnomer for people that are just getting into the space is, Well, you know, how are these coins going to beat out Bitcoin, like, isn’t it already so much bigger than these small cap coins? And I guess the one analogy to look at that is you wouldn’t say that every Internet company is the same just because they’re built on the Internet.
00:12:00:03 – 00:12:00:18
Richard Carthon: Right.
00:12:00:20 – 00:12:57:15
Mike Grantis: Right? It’s they’re building on a Blockchain, but a Blockchain can do many different things and it can be valuable in many different ways. So, look at these as you said, as startups, understand what they’re doing as startups and if they, you know, have a right to succeed funding and a community, the chances are, you know, that they’re, you know, they’re in the right place at the right time to put it simply. And they’re in an industry that’s burgeoning and growing faster than we can keep track of. So, you know, there’s a lot of interesting projects. I wouldn’t tell people I’m by no means a Bitcoin maximalist, but I do think there’s a lot of good projects that are building for the long term. And if you can sniff those ones out, you’re totally right, there’s some generational wealth hidden on the other side.
00:12:57:17 – 00:13:26:25
Richard Carthon: No doubt, man. And a lot of people like to make the tie from the Internet when it first came out. So, it’s a Crypto and one of the analogies I like to always go with is that when AOL was a super huge company that for everyone for a long time thought was going to be it, the poster child that was making it, right? And no one knows right now if Bitcoin is AOL or if it’s going to be Apple or Microsoft, like it’s too early. Like, I don’t think we’re necessarily even at the dial up Internet yet.
00:13:26:27 – 00:14:01:27
Richard Carthon: I think we’re away from the like, gigantic computer that’s in like, this giant room to, like, getting to that first personal computer from an adoption standpoint. Like, I think that’s what we’re starting to get to, but, like, it’s still not even connected to the Internet. We are so early in this game and, you know, kind of on that tip man, like, because there’s so much knowledge, it’s like drinking through a fire hose. What have you found to be some really good ways to try to condense it down? So, again, I already know that you brought up your newsletter. You have all these different tabs on your website. Can you kind of just go through the different ways that people can come in and learn? You even have a course, can you kind of speak to all of those?
00:14:02:20 – 00:15:41:00
Mike Grantis: Yeah, sure. I mean, for people that are just getting started and just want to understand what Bitcoin and Blockchain are, as you said, I’ve got a course called Bitcoin 101. You can find it on CryptoWeekly.co, it’s on a tab at the top. That just goes through what Bitcoin is fundamentally. I call them the unstoppable eight. These eight characteristics of a Bitcoin that make it different from anything we’ve ever seen. And putting all those characteristics together almost makes it this unstoppable force. Then we kind of talk about, you know, what Blockchain is and why it’s so important right now in terms of the ability to create smart contracts and the ability to create essentially a trust machine for society in a society where nobody trusts anybody anymore. And then, we kind of talk about monetary history and we talk about, you know, not only about Bitcoin, but we talk about where we are and where we come from in terms of the gold standard, the gold exchange standard, you know, moving off, going to Bretton Woods, then taking the dollar off the gold standard and how much debt we’ve accumulated as a society and how that’s just fundamentally unsustainable. So, we look at some great metrics to show where we are in this, you know, long term debt cycle, why a technology like Bitcoin, that’s a store of value that can hold wealth over space and time is so important and how, you know, we are in need of a new system.
00:15:41:12 – 00:17:01:29
Mike Grantis: Most monetary systems in the recent history of humanity, over 200 years have gone for about 30 to 40 years before they switched. And we’re on the dollar standard right now and we’ve been on the dollar standard since 1971. So, over 50 years we’ve been on this standard, so, we’re in need of a change. We’re in need of some sort of revolution in money technology and I believe that’s Bitcoin. And that’s going back to your, your point and then I’ll tie it back into CryptoWeekly, but, you know, going back to the point about AOL being, you know, the first poster child for the Internet and then they kind of faded away, I don’t know if that’s going to happen with Bitcoin because I think there’s so much community and so much need for a protocol that is just unchanging and a monetary system that’s finite and unchanging, that I think Bitcoin might act as the layer one money of the Internet. But I think your analogy with AOL may be better suited for something like Ethereum. Where, you know, Ethereum is, this first base layer protocol where everybody’s building applications on top of and, you know, it’s this great use case that emerged over the past six years. But there are other protocols that are now nipping at its heels.
00:17:02:01 – 00:17:02:16
Richard Carthon: Yeah.
00:17:02:18 – 00:17:38:10
Mike Grantis: Currently there’s no other currency in the Blockchain space that’s even coming close to Bitcoin in terms of what it does as a store of value and its network effect. But there are other protocols that are building quickly with capabilities far beyond what Ethereum does that might, you know, be its successor. So, that space, I think, is still up for grabs on what takes the stage there, but I do think Bitcoin is here to stay, and I do think, you know, that might act as the monetary base layer of the future.
00:17:38:27 – 00:17:40:20
Richard Carthon: Yeah, real quick on that.
00:17:41:03 – 00:17:41:28
Mike Grantis: Yeah.
00:17:42:00 – 00:18:11:27
Richard Carthon: I would agree with that in that I think that Bitcoin is digital gold and I think it’s not going anywhere. So, I also and going to just cosign that. I personally don’t think anything’s coming to take Bitcoin’s place as a store of value and AKA digital gold. Like, I’m just going to keep that there. But the next piece and I like how you alluded to Ethereum. So, when I first got into the space, Ethereum, like, spoke to me actually more than Bitcoin did just because I saw what it was trying to do. It was a platform. It’s trying to build and have things built on top of it.
00:18:11:29 – 00:19:01:15
Richard Carthon: And if you look at its current success right now, because you have so many different projects being built on top of it, so that even, when, you know, potentially Bitcoin is going down and the stock market’s going down, if people are still building on Eth and you need gas to do all these other transactions, it’s going to keep thriving, which is exactly what it’s continuing to do. But then you have some of these other platforms, like ADOT, like Cardano, Tezos, like all these, Cosmos, that are trying to build these platforms, it’s still so early. And where we’re headed with this again, look at the next decade. Look how much further along this technology will be a decade from now. The idea for me is which one of these are at least going to just still be around. I just want to be around those, like not necessarily saying they’ve dominated, but they’re just still relevant. And, like, you find enough of those and man, I think, you know, you’re going to have a lot of fun.
00:19:01:29 – 00:19:27:26
Mike Grantis: Yeah, absolutely. And I think there’s, you know, those are a dime a dozen these days. And there are some great projects, as we alluded to, that are building for the future, that are building for the long haul. And that’s really, you know, in any kind of fundamental analysis, that’s what you want to look for, is those guys that are here to stay and build a community, an unstoppable force, right? So, I’ll cosign everything you just said too.
00:19:28:00 – 00:19:54:00
Richard Carthon: Yeah. And I appreciate it, man. And going on that, most people that are coming in, they are coming in because of different buzzwords. So we have DeFi, we also have these pools that you can get into, people who are coming in and learning about you can get APY. But the big buzzword right now is NFTs. And I think you said that you potentially have a secret project going on. Do you want to reveal a little bit about that?
00:19:54:08 – 00:20:41:08
Mike Grantis: Yeah, yeah, yeah. We could talk a little bit about that. So, you know, part of CryptoWeekly is we have a section on our website, Industry Awards. And in this section, we have a few different awards right now. The list continues to grow. One of the awards that we started with is the top 100 Most Influential People in Crypto. And so, what we thought would be cool is to build not only NFTs for each of those people, kind of think about them like magic cards, but for, you know, people in the real life, but also a gameplay environment that works with that. And going on this topic of education and educating, you know, the broader community about the Cryptocurrency ecosystem, our gameplay environment for these NFTs actually mirrors what’s happening in the real world.
00:20:41:20 – 00:21:28:23
Mike Grantis: So, the objective of the game is to get to 100 percent global adoption. Now, how do you do that? You play these different cards represented by the 100 different people in Crypto, and each person is kind of gamified and turned into a bit of a super hero through the game design. But each person has a list of resources that, you know, are unique to them. And what are the resources in the game? So, think about it like real life. What are the resources that you need to get to global adoption? You need coin, right? You need money. You need regulation on your side, so, you need to have regulatory. You need education from the community and you also need development.
00:21:29:06 – 00:22:28:10
Mike Grantis: So, you have four resources within the game and you use those resources to pay for global adoption. And the objective at the end of the game is to get to 100 percent global adoption. So, I won’t give away all of the rules, but there are some other tips and tricks that you’ll find down the road. We’re in our final stages of development of the actual NFT game. We’ve completed the game design, we’re working on the design of each card right now. So, those should launch, I’m going to say, in June. But it’s a very exciting time because, you know, on top of the launch of the new website, we’re now kind of bringing this educational ecosystem into the NFTE space. And on each card, we actually have a little synopsis paragraph of who the person is, what they’ve done, why they deserve to be on the Crypto 100 and why they have, you know, a card in our Crypto revolution game.
00:22:28:24 – 00:23:23:09
Richard Carthon: Man, that’s really cool. It’s a great way to get people involved, gamify it and have a reason to want to go and use these various NFTs. So, please keep us posted on when this launches. I think that’d be something really cool to participate in. And I think something else that’d be cool is for aspiring people that want to get on there to have a way to then get their own NFT of them so they can, like, go and do that. So, there’s a lot of cool ways that you can gamify and get those going. So, definitely going to keep that on my radar and everyone listening, you should, too. But, you know, as we kind of get to the close of this interview, one of the things that I always like to ask is two final fun questions. And the first I’m going to pose to you is if you could go back and take all the knowledge that you have right now and impart two or three pieces of wisdom to yourself when you first got started back in 2016, what would you tell yourself?
00:23:25:27 – 00:23:38:11
Mike Grantis: Buy Bitcoin. You know what I think? I think with any growth and development process, you need to make some mistakes and those mistakes are how you learn, right?
00:23:38:13 – 00:23:38:28
Richard Carthon: Right.
00:23:39:00 – 00:24:06:06
Mike Grantis: So, going back to my personal process, I don’t know how much I would actually change, because those mistakes that I made, you know, those coins that you lost or the bad trades that you made, those are all learning pieces. That’s all learning material and that helps you succeed in the future. So, I wouldn’t be the trader I am today, I wouldn’t be the entrepreneur I am today if I hadn’t made those decisions, I don’t think I’d change anything.
00:24:06:27 – 00:24:11:27
Richard Carthon: But okay, if you were just getting started and had advice, would you give yourself about this?
00:24:11:29 – 00:24:24:17
Mike Grantis: Apologies, apologies. One thing I’d say is don’t get caught up in the hype. There’s a lot of YouTubers that will show you coins to pump their own bags, essentially.
00:24:24:19 – 00:24:25:04
Richard Carthon: Right.
00:24:25:06 – 00:25:17:09
Mike Grantis: Because they get in early, they pump it to their communities, the price goes up and they sell and they dump the bag on everybody. So, never, quote, unquote ape into a coin. Never dive into something before you fully understand it. Read white papers, do your own research, understand the team and the, you know, the protocol on which these companies are built. And if you fully believe in something, invest in it. And I think the best way to continue and further your education on a certain project or in a certain space is to put a little skin in the game. Not investment advice, but I think, you know, for all the friends and family that I’ve brought into the Bitcoin space, they didn’t fully get it until they put a couple hundred dollars in and watched their balance go up.
00:25:17:12 – 00:25:17:27
Richard Carthon: Right.
00:25:17:29 – 00:25:44:21
Mike Grantis: And then they think, Oh, well, what’s happening? Why does this keep going up? Like, what is really behind this? And it starts you down a rabbit hole. So, if you’re nervous about getting started, not financial advice, but I think it’s good to have some skin in the game because that will further your impetus or your wanting to learn about the space if you have a little bit of skin in the game.
00:25:45:00 – 00:26:09:21
Richard Carthon: Absolutely. Especially that last point. And like you said, this is never financial advice, but rather the way that you learn is by doing. And the only way that you can do is by putting a little bit in. So, you know, whether it’s $5, whether it’s 10, whether it’s 20, whether it’s 100, whether it’s 1,000, whatever it is to you, you know what your amount, is put in just a little, so you have some skin in the game. Learn and just see how things are going over time.
00:26:10:27 – 00:26:43:06
Richard Carthon: And on top of that, man, like, one of the other elements of it that I want to bring in before I bring in my final question is the importance of community. Like, one of the things that you were saying is don’t necessarily go follow all of these influencers in the space who go and bring up the hype so that they can then pull the rug from underneath you. And that’s why I think it’s important to have a really good community for people who want to grow with you. So, you know, what are some good ways and communities that people can engage with? I mean, of course, Crypto Current and also we have CryptoWeekly. But what are some of the ways that you’ve seen that, you know, happen?
00:26:43:20 – 00:27:32:18
Mike Grantis: So, you know, one of the great messaging apps in the Cryptocurrency space is Telegram. And while there are tons of Telegram groups and it’s a great place for Crypto communities to foster, I’ll do it a little shameless plug, we launched a Telegram group for CryptoWeekly a few months ago, and it’s relatively small at this point. But everybody in the group is so invested, so involved and, you know, generally wants to help, right? We’re a community of friends that are interested and passionate about the Cryptocurrency space and we just want to, you know, keep it growing, keep helping each other understand coins better. If you ever have a question, those questions are answered within minutes in the group and there’s always lively discussions.
00:27:32:20 – 00:28:09:18
Mike Grantis: So, the CryptoWeekly Telegram group is actually a great place. If you’re just wanting to be a fly on the wall and, you know, watch some of the conversation, you can. But I find there’s usually some pretty lively conversation there. The other thing is a lot of these projects, if there’s a project that you’re really, truly interested in, join the Telegram community. See what the community is saying about the project, join their announcements channel. See what new things are coming out from that project because that’s a great way to not only, you know, put your money where your mouth is, but that’s a great way to actually join the community.
00:28:10:04 – 00:28:36:07
Mike Grantis: It’s one thing to invest in something, but it’s another thing to be a part of it. And I think what Cryptocurrency does, being so open source and being global, it allows everybody to participate in the economic systems that they invest in. So, I highly recommend get involved in a community. The other thing I would say is, to go back to your last question, in my first few years in the Cryptocurrency space, I felt very isolated.
00:28:36:09 – 00:28:36:24
Richard Carthon: Yes.
00:28:36:26 – 00:29:13:04
Mike Grantis: There weren’t a lot of people that were into it back then. And when I was having these conversations, I felt sometimes like I was talking to a wall because it was over people’s heads if they don’t fully understand the technology. Now, we’re so much luckier. We have one hundred million people around the world are invested in Bitcoin and probably more invested in some of these other projects. And so, I think the community is growing so rapidly. If you want to really, truly further your own education, you’ve got to be part of a community because, you know, you go fast alone and you go far together.
00:29:13:25 – 00:29:30:19
Richard Carthon: Amen to that. On that, man, like, I appreciate you spending some time with us, dropping a ton of knowledge and definitely want to encourage everyone listening, make sure you go and participate in a really great community in CryptoWeekly. Sounds like they got a really good one going, so check them out. But you know, what is a final thought that you want to leave with all the listeners here today?
00:29:34:27 – 00:30:25:22
Mike Grantis: That’s a good question. I think, don’t get caught up in the price. You know, a lot of us that come into this, maybe it’s different these days, but when I came into the Cryptocurrency space, the ones that were truly into it were the ones that wanted a revolution, that wanted to change the world, that wanted to do something different. I feel like a lot of the conversation these days is about what coins going to pump the most. What’s the best return on investment. Where are you going to find the next, you know, 10x or 100x. Where the conversation should be, what are these technologies going to do for humanity as a whole? Right? How is the way that we structure our economy and the way that we structure our society going to change because of technologies?
00:30:26:02 – 00:31:21:21
Mike Grantis: And really, you know, I think also having an understanding of those basic economic principles is what helps you weather the storm a lot of times, right? Crypto is very volatile still, and it goes through big ups, big downs. And if you’re investing just because you hear that something’s going to 10x and it drops 20 or 30 percent, that’s a quick way to lose a lot of money. So, if you fully understand what you’re investing in and you truly believe in the thesis, you believe in the team and you believe in the community, that will give you stronger hands to actually make a return on your investments, as opposed to getting scared and selling your positions when you’re at a loss. So, I think it’s important, One, to do your research, educate yourself and also stop looking so much at the price. That’s also another way to go crazy.
00:31:21:23 – 00:31:22:08
Richard Carthon: Yeah.
00:31:22:10 – 00:31:35:15
Mike Grantis: Is opening up Binance 10 times a day, checking your trades and and seeing how you can lose money next. Take a step back, breathe, understand that it’s a long term play and just enjoy the ride.
00:31:36:13 – 00:31:57:27
Richard Carthon: I think that’s a great final piece of advice. It’s very easy, especially once you do start getting into some Crypto projects, to want to consistently check the price over and over again, you can drive yourself insane. Take it from me and Michael. That is not the best way to go about it. But thank you so much for all the knowledge you’ve been able to drop. What are ways that people can connect with you and also keep learning more about CryptoWeekly?
00:31:58:24 – 00:32:39:23
Mike Grantis: Yeah. So, if you want to contact me directly, my email is Mike@CryptoWeekly.co. You can also join our Telegram group at Crypto Weekly Official. T.me/CryptoWeeklyOfficial. Check out our website. We update it every day. We’ve got new content flowing into the Crypto feed every day, new funding deals. You know, if you’re interested in just getting started, you can find my course on Udemy, it’s Bitcoin 101. Or you can find it on CryptoWeekly. And yeah, my LinkedIn is Mike Grantis, so, feel free to reach out any way. I’m usually pretty responsive and I’d love to just start a conversation.
00:32:40:14 – 00:32:47:21
Richard Carthon: For sure and we’ll make sure to add those all in the show notes. But again, Mike, we really appreciate your time today. And for everyone listening, Stay Crypto Current.
Crypto Current will be guiding all of you who are new to the cryptocurrency world to becoming a cryptocurrency and blockchain expert. Crypto Current was founded to give access to information to everyone on current events occurring in cryptocurrency and blockchain in a digestible way. Since its creation, we have created content that impacted thousands of people through its podcast, blog, and social media.