Description
Alex talks with cryptopreneur Andy Tully who has made a fortune buying and selling cryptocurrency
Andy shares his journey and explains how crypto works and how you can get into it. Crypto is the currency of the metaverse and this episode is a great way of understanding more about how it works and how anyone can be a cryptopreneur in both short term trading and long term investment
KEY TAKEAWAYS
Bitcoin is becoming more valuable as it’s used more
There are lots of exciting uses for bitcoin and its where people are storing their wealth
With Crypto, you are your own bank and you need your own security protocols
Crypto has been designed with decentralisation and safety in mind
A bank can be hacked more easily than a blockchain
There may be controls introduced to regulate it but it won’t be possible to centralise it
The exciting thing with crypto is the metaverse and this will be the driver for it developing further
It’s the ecosystem of the virtual world and it will grow
Start with the big exchanges and the top hundred coins
Buy at the bottom and sell at the top
For long term investment research, the coin you are looking to buy and don’t worry about any dips in value
BEST MOMENTS
‘People say it’s just a bit of code but money is just a bit of paper’
‘It’s definitely the future
‘I mainly trade on price now, if you buy at support and sell at resistance you can make money’
VALUABLE RESOURCES
Business, Wealth and Mindset podcast series
ABOUT THE GUEST
Andy Tully
I am a cryptopreneur
I have made my fortune by buying and selling cryptocurrency and it’s what I currently do full time to this day. I’m super passionate about crypto as it has given me the freedom to be able to do what I want, when I want, with whoever I want.
Now my mission is to try and get as many people enjoying crypto as much as I do. So I teach total beginners how to start investing into crypto to give them a solid portfolio and investment plan. I teach people that already know about crypto how to streamline their portfolios so they are able to get a steady income stream. I also run an investment fund as not everyone has time to learn so I invest for them.
I wasn’t always a cryptopreneur. I used to be an electrician and had my own electrical contracting company. For about 20 years I’ve been trading the financial markets as a hobby/side hustle this was used to pay for my holidays, renovations, etc
I became aware of crypto in 2015 and purchased my first Bitcoin in 2016 but didn’t really think it was something that would stick around but I have always dabbled in it and kept an eye on it as it started to get more and more mainstream.
March 2020 came and Bitcoin was about $4k. Covid 19 was here and we were all in lock down, this is when I really hit it full time. I had temporarily closed my electrical company and just did crypto, this is when I started teaching people over zoom and how to get in and trade crypto.
So at the moment my son runs my electrical business and I just eat, sleep and breathe crypto and I am truly living the dream.
ABOUT THE HOST
Alex is a prize-winning chartered accountant with experience in financial markets from trading finance, capital hedging, structural foreign exchange, and interest rates to operational risk from the world’s top financial and advisory institutions including Deloitte, RBS, and JPMorgan Chase
Alex has been involved in property development programmes across different types since 2008, building and managing a portfolio that includes standard buy-to-lets, student accommodation and other houses in multiple occupancy (HMOs).
He specialises in raising finance, providing potential investors, investors, and joint venture partners with ad hoc (to their specific requirements), hands-free and hassle-free property investments solutions as well as coaching and mentoring
Alex aspires to share business and financial knowledge with upcoming
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