
Financial Education: She initially lost money in a scam but educated herself in digital currency.
10/24/2025
0:00
28:07
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
Support the show: https://www.steveharveyfm.com/
See omnystudio.com/listener for privacy information.
More episodes from "Best of The Steve Harvey Morning Show"



Don't miss an episode of “Best of The Steve Harvey Morning Show” and subscribe to it in the GetPodcast app.







