GMS 200 Lecture Notes - Lecture 9: Cryptocurrency, Bitcoin

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Omid Jadidi

Document Summary

First point: diversify money portfolio i. assets change over time ii. other forms of assets are important iii. better to not put all your eggs in one basket (one type of asset) . constantly changing asset i. upward trend for a few years. Transition: now let"s expand on the growth of bitcoin: fourth: massive growth i. was 130 cad in 2013, now it"s 9500 ii. analyze trends. Fifth: talk about current value and the changes. inform about misconception, you don"t have to own an entire bitcoin, you can earn a fraction of one. invest by buying and holding on to it i. invest is less popular coins in hopes of the value to rise. mining cryptocurrency i. talk about connection to real life gold ii. talk about how it"s not as profitable anymore e. g electricity costs iii. connect back to previous point about holding on to it.