Cryptocurrencies Are Here to Stay, Says Columbia's Lew

The video discusses the excitement surrounding cryptocurrencies and their potential impact. It explores various avenues like stablecoins, NFTs, and blockchain, emphasizing that while the future role of cryptocurrency is uncertain, it is here to stay. The speaker advises a cautious investment approach due to volatility and risk, but encourages exploring new opportunities as long-term investors.

What are some of the avenues mentioned for the use of cryptocurrencies?

• Real estate, gold, and silver

• Stable coins, NFTs, and blockchain

• Savings accounts and fixed deposits

• Stocks, bonds, and mutual funds

Why does the speaker believe it's important to engage with cryptocurrency experts?

• To learn how to mine cryptocurrencies

• To become a cryptocurrency influencer

• To leverage their expertise for future decisions

• To avoid paying taxes on crypto gains

What is the speaker's view on the future role of cryptocurrencies?

• They believe cryptocurrencies will replace all traditional currencies

• They think cryptocurrencies will play some role, but it's unclear what

• They believe cryptocurrencies will only be used for illegal activities

• They are certain cryptocurrencies will have no future role

What is the speaker's stance on investing heavily in cryptocurrencies at this point?

• They are investing heavily due to high returns

• They are cautious due to volatility and risk

• They are not interested in cryptocurrencies

• They believe cryptocurrencies are a scam

What is one reason the speaker gives for not investing heavily in cryptocurrencies?

• Lack of interest in technology

• High transaction fees

• Not being compensated for the risk

• Limited availability of cryptocurrencies