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

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Recorded23 Nov 2025

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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 #BESTSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

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