As a small business owner, I have been avoiding thinking about cryptocurrency and Bitcoin for many years. But on this week’s The Small Business Radio Show, we discuss what you need to know about Bitcoin for your small business, your customers, and vendors.
Chris Brady is a New York Times best-selling author and speaker with a new book called “The Bitcoin Bride”. He was listed Richtopia’s Top 200 list of most influential authors in the world.
According to Chris, Bitcoin is not that complicated. He says that “it’s just money. Bitcoin was created to fix the money system since it’s broken. Governments and banks can expand its supply anytime they want…. backed by nothing. This is bad news for consumers since it results in inflation, erodes business profits and personal savings. Bitcoin is a hedge against inflation.”