Best of The Steve Harvey Morning Show

Financial Education: She initially lost money in a scam but educated herself in digital currency.


Listen Later

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Michelle Lilly.

A cryptocurrency and blockchain educator and entrepreneur. Here's a summary of the key points discussed:

🎙️ Main Themes and Highlights Michelle Lilly’s Background

  • Entered the cryptocurrency space in 2017.
  • Initially lost money in a scam but used the experience to educate herself.
  • Became the first African-American woman with a master’s degree in blockchain and digital currency from the University of Nicosia.

Understanding Cryptocurrency

  • Bitcoin is described as a protocol, not just a currency—used for value storage and transfer.
  • Ethereum is highlighted for its smart contract capabilities and utility.
  • Cryptocurrencies are a hybrid between stock and currency—they have utility like stock and liquidity like currency.

Why Bitcoin Has Value

  • Scarcity: Only 21 million Bitcoins will ever exist.
  • Deflationary: Bitcoin undergoes a “halving” every four years, reducing the rate of new coins.
  • Decentralization: Not controlled by any central authority, making it secure and transparent.

NFTs and the Metaverse

  • NFTs (Non-Fungible Tokens) are unique digital assets, often used for art and music.
  • Artists can sell directly to consumers and earn royalties on resales.
  • The metaverse is explained as a 3D version of the internet (Web 3.0), where users can own digital land and assets.

Empowering Underserved Communities

  • Michelle emphasizes the importance of African-American and female participation in crypto and blockchain.
  • Encourages people to educate themselves and not wait for permission to participate in new financial systems.

Practical Advice

  • You don’t need a lot of money to start investing in crypto.
  • Understanding the current financial system is just as important as learning about the new one.
  • Consistency, self-awareness, and openness to criticism are key to success.

#SHMS #STRAW #BEST

Steve Harvey Morning Show Online: http://www.steveharveyfm.com/

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Best of The Steve Harvey Morning ShowBy iHeartPodcasts

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

370 ratings


More shows like Best of The Steve Harvey Morning Show

View all
The Potter's House Podcast by The Potter's House

The Potter's House Podcast

4,092 Listeners

Angela Yee's Lip Service by iHeartPodcasts

Angela Yee's Lip Service

4,107 Listeners

Joel Osteen Podcast by Joel Osteen, SiriusXM

Joel Osteen Podcast

24,768 Listeners

The Steve Harvey Morning Show by iHeartPodcasts

The Steve Harvey Morning Show

2,332 Listeners

The Breakfast Club by iHeartPodcasts

The Breakfast Club

14,275 Listeners

Strawberry Letter by iHeartPodcasts

Strawberry Letter

1,719 Listeners

Run That Prank by iHeartPodcasts

Run That Prank

1,399 Listeners

Dish Nation by digital@dishnation.com

Dish Nation

290 Listeners

Daily Inspiration: The Steve Harvey Morning Show by iHeartPodcasts

Daily Inspiration: The Steve Harvey Morning Show

2,206 Listeners

Joel Osteen Podcast by Joel Osteen

Joel Osteen Podcast

4,921 Listeners

The Potter's House Podcast by The Potter's House

The Potter's House Podcast

365 Listeners

Carefully Reckless by The Black Effect and iHeartPodcasts

Carefully Reckless

3,453 Listeners

Rickey Smiley Morning Show Podcast by Urban One

Rickey Smiley Morning Show Podcast

483 Listeners

Way Up With Angela Yee by iHeartPodcasts

Way Up With Angela Yee

355 Listeners

The D.L. Hughley Show by Urban One Podcast Network

The D.L. Hughley Show

164 Listeners