Podcast 345: Navigating Crypto’s Future with Eric McDonald

Eric is the CEO and Board Chairman of CoinLion (https://www.coinlion.com/), a cryptocurrency auto trading platform that makes it super simple for anyone to invest in crypto.

They have executed 530K+ trades worth $1B+ and made investors $4M+ in profit to date. Many people are interested in investing in cryptocurrencies, but they’re afraid to do so because they don’t fully understand the complex crypto market, or where to even begin.

By allowing users to sign up to their platform, which automatically trades cryptocurrencies for them 24/7/365, CoinLion offers a solution to this problem. The platform allows users to copy expert traders’ strategies with a click of a button. Whatever the expert trades, the follower will also trade. This gives users the advantage of trading, versus simply holding crypto, which allows users to get in and out of the market at the right times.
Eric is passionate about building outstanding teams that develop great products that are centered on the needs and wants of customers. He spent 19 years as the Founder and CEO of the urgent care software company DocuTAP (now Experity) before joining CoinLion.

Eric (https://www.linkedin.com/in/ericatdocutap/) led the business through explosive growth, multiple fundraising rounds (including with Warburg Pincus and Bessemer Venture Partners), several acquisitions, and a successful merger with its biggest competitor. That combined company was acquired again for $1B+ in 2019.
Beyond CoinLion, Eric also sits on the boards of a few other innovative tech businesses, including Phraze.AI, Journey Tellr, and SideCar.

To get a sense of Eric, here’s an episode he did on the Focus605 Podcast (https://open.spotify.com/episode/2f2kj4A2HAL9VH2yUgXkRy), where they talked about how those with no prior experience trading cryptocurrencies can do so profitably in real time.

*DISCLAIMER – We are not giving any financial advice. Please DYOR*

(00:00 – 02:08) Opening Segment

– Eric is introduced as the guest Hosts
– Eric shares something interesting about himself

(02:08 – 26:55) Navigating Crypto’s Future

– Why investors are getting exposure to crypto in these uncertain times. With the global energy crisis exacerbated by Russia’s invasion of Ukraine, growing murmurs of a looming recession, rising inflation, a cooling housing market, and gold no longer the safe haven it once was, investors are eager to diversify their portfolios and are seeking new safe-havens for their money. Despite the current dip, is crypto the answer?
– Cryptocurrency trading for beginners, and why and how to automatically trade crypto.
– Lessons for crypto leaders and investors from the collapse of the cryptocurrency exchange FTX.
– The future of cryptocurrency in 2023 and beyond.
– Building a tech company with a long-term view in mind.
– Leading in uncertain times in an uncertain market.

(26:55 – 31:16) Fire Round

– Eric shared if she would change his investment strategy
– Eric also shares his favorite Finance, real estate book, or any related book
– Also Eric shared about the website and tools that he can recommend
– Eric’s advice to beginner investors
– Also shared how he gives back

(31:16 – 32:19) Closing Segment