Chris Skinner

1 week ago | advisorpedia.com | Chris Skinner

There is a regular conversation about the 1% versus the 99%, so I tried to track down: who are the 1%? The numbers surprised me. According to the 2024 Global Wealth Report, the global millionaire count has soared, reaching approximately 58 million. I thought it would be more like 100 million millionaires (and probably is in reality). If you travel between London, Dubai, Singapore, Hong Kong and New York, you pretty much would have to be a millionaire to have a good life there.

1 week ago | advisorpedia.com | Chris Skinner

Every day there are more and more headlines about artificial intelligence (AI) AI and its impact on life, the world and the future. The latest one is a good one, which is AI is creating more jobs than replacing them! This comes from the World Economic Forum, whose latest report forecasts that, over the next five years, advances in AI will create 170 million jobs while replacing 92 million. The question is: what jobs?

2 weeks ago | advisorpedia.com | Chris Skinner

There’s a brand new book on the block, which I wish I had written: who is Satoshi Nakamoto? It’s actually not called that. It’s called: The Mysterious Mr. Nakamoto: A Fifteen-Year Quest to Unmask the Secret Genius Behind Crypto by Benjamin Wallace, but you get the idea. Who is Satoshi Nakamoto, the creator of bitcoin after his white paper was published in 2008. The whole point being peer-to-peer exchange of value with no intermediary (bank or government) involved.

2 weeks ago | advisorpedia.com | Chris Skinner

I was talking to a wealth management startup the other day, and they showed me an aggregation service that can harvest all of your physical, digital and emotional assets, combined with a death management service that alerts your key people to all the things they need to know to find those assets when you die. What really struck me is the fact that you can add your emotional assets.

3 weeks ago | advisorpedia.com | Chris Skinner

I just downloaded the Chainalysis annual cryptocrime report and, as usual, it is fascinating. Ask almost any politician or banker about cryptocurrencies and they’ll say they all encourage crime except Donald Trump, but that’s because he is supposedly a criminal. Here is a synopsis of the report taken from their introduction: According to our metrics today, it looks like 2024 saw a drop in value received by illicit cryptocurrency addresses to a total of $40.9 billion.