bitcoin

Jill on Money Radio Show: Crypto Jackpot

Happy Mother’s Day weekend!

What better way to celebrate than with a story about hitting the crypto jackpot?!

The good news is that our first caller hit the crypto jackpot at the ripe young age of 40! The bad news is that his portfolio is now completely out of whack. What to do, what to do??

No guest this week in hour two. Instead we mixed in another call and then answered a handful of emails.

We’ve given up on trying to clear out the inbox. We’re just going to do the best we can. What I like to call a good problem to have.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

I Hit the Crypto Jackpot!

The good news is that you hit the crypto jackpot at the ripe young age of 40! The bad news is that your portfolio is now completely out of whack. What to do, what to do??

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Health Insurance Options

With many industries decimated by the pandemic, scores of people have been left scrambling to find health insurance coverage.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Jill on Money Radio Show: Financial Checkup and Bitcoin

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

Adding a baby to the mix sure seems like a good enough reason to call Aunt Jill and get a status check on your current financial situation. All I’m going to say is that with a new baby, the estate planning better be taken care of!

As is the norm, we’ll also be answering a handful of emails in hour one, this the last show of February! And so begins the beginning of the end of Q1. Got it?

In hour two we’re doing a deep dive on bitcoin. This ran recently on the podcast but we figured we better run it right away on the radio show before bitcoin either tanks or hits 100k.

So we're joined once again by Dan Roberts, senior writer at Yahoo Finance and a total crypto geek who has been covering the wild ride from the beginning.  

Bitcoin (BTC) started 2020 at $7,200. It ended the year at nearly $30,000, up 296%.

The surge continued full-steam into 2021. It took bitcoin 10 years in existence to reach $20,000 on most exchanges, on Dec. 15. 

Then it took just 17 days to reach $30,000.Bitcoin broke through $30,000 for the first time on Jan. 2, then climbed to $32,000 just hours later. On Jan. 5, it broke $35,000, and on Jan. 7, it hit $40,000. Now it seems to be hitting $50,000 or higher on a regular basis.

Crazy, right? Before you decide to dip your toes in the bitcoin waters, please do yourself a favor and first listen to this episode with Dan.

Have a money question? Email me here.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Bitcoin Boot Camp Part One

It seems every few years or so we're due for a bit of bitcoin bootcamp!

So this weekend we're joined once again by Dan Roberts, senior writer at Yahoo Finance and a total crypto geek who has been covering the wild ride from the beginning.  

Bitcoin (BTC) started 2020 at $7,200. It ended the year at nearly $30,000, up 296%.

The surge continued full-steam into 2021. It took bitcoin 10 years in existence to reach $20,000 on most exchanges, on Dec. 15. 

Then it took just 17 days to reach $30,000.Bitcoin broke through $30,000 for the first time on Jan. 2, then climbed to $32,000 just hours later. On Jan. 5, it broke $35,000, and on Jan. 7, it hit $40,000. Now it's regularly hitting $50,000.

Crazy, right? Before you decide to dip your toes in the bitcoin waters, please do yourself a favor and first listen to these episodes with Dan.

As I like to say, proceed with caution!

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Ep. 055 - Bitcoin, Cryptocurrencies and Blockchain

Bitcoin, bitcoin, bitcoin.  Since the end of 2017 and now into 2018 it’s been hard to avoid the mention of the now wildly popular cryptocurrency. From Cassandra's, who warn that the meteoric rise is a bubble (hello, Jamie Dimon!) to true believers, who think Bitcoin will go to $100,000, it seems that the rest of us better brush up on what’s behind the mania.

My first Bitcoin story aired on CBS in 2011, but I certainly don’t consider myself an expert on all things crypto. Thankfully our guest today, Dan Roberts, senior writer at Yahoo Finance, is a total crypto geek and has been covering the wild ride from the beginning.  

We started by discussing Dan’s recent piece about the biggest misconceptions when it comes to bitcoin. (This is a great primer for any of you who have read headlines, but are now ready to peel back the first layer of the onion.) For instance, one of the great appeals of cryptocurrencies, for better or worse, has always been that it’s not traceable.  Wrong!  As Dan explains, it is very much traceable.  I had no idea.  And it all ties back to the blockchain technology that powers digital currencies.

I also didn’t know that coinbase, the most common exchange used to buy cryptocurrencies, is FDIC insured up to a maximum of $250,000. Like brokerage accounts, the FDIC protect against the failure of the institution, not against trading losses.

Additionally, while it might sound like the Wild West, but the world of cryptocurrencies is more regulated than you would think. Dan notes that legit Bitcoin brokerages are all licensed in some manner: either with Financial Crimes Enforcement Network (FinCEN), the New York Department of Financial Services (NYDFS) and all of the exchanges now offering bitcoin futures and options are overseen by the Commodity Futures Trading Commission (CFTC).

Does that mean you should sell your stocks and plunge into cryptocurrencies? SLOW DOWN, TURBO...Consider this: on the day we taped this interview, Bitcoin tumbled nearly 20 percent, so you would be wise to listen to Dan discuss his number one fear before pulling the trigger.  

Follow Dan on Twitter for easy to understand cryptocurrency content.

“Better Off” is sponsored by Betterment.

Have a finance related question? Email us here or call 855-411-JILL.

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"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.