You know that feeling when traffic is piled up on the freeway and your heading to the beach in an open lane going the other way? I felt that way all through the great recession of 2008.
Back then (2008-2010) were some of my most memorable AND successful years because I put my time, energy and money funding alternatives such as real estate, loans/notes, precious metals, tax liens/deeds and private placements. In 2008 alone I helped thousands of individuals exit the downward spiral on Wall Street and single handedly moved over a billion dollars to Main Street.
I bring this up now over a decade later because of the nostalgic feeling I get watching the latest financial news…you saw the headlines last week:
Another Brutal Stock Market Selloff as coronavirus fears grow into economic fears…Stocks Plunge as yields fall to new lows…Another big selloff rocking Wall Street… Every S&P 500 sector finished the day deep in the red… The Dow down, nearly wiping out ALL of last years yields while most other indexes are already there… Fears of an economic slowdown sending stocks spiraling… The Bond Market Predicting a Recession is coming soon..
Now on Monday morning: TRADING HALTED ON NEW YORK STOCK EXCHANGE FLOOR! As the hemorrhaging continues, things don’t appear to be getting better on Wall Street any time soon…
Look, I don’t like to see the economy take a nosedive overnight, in fact many of my friends and family have suffered recent losses in the market. Even here in Austin TX, the live music capital of the world we had to cancel our annual SXSW event, which severely impacted local small businesses. The point I’m making is there are alternative options out there and it’s not too late to hedge.
This is a great time to be in the business of mining digital assets like Bitcoin because it provides a consistent revenue stream regardless of what the Stock Market is doing.
Mining provides consistent CASH FLOW
When you swipe your credit card, transfer funds via ACH/wire, cash a check or pull cash from the ATM your bank goes through a verification process and this process is run through sophisticated computer systems. Somewhere along the line a fee is collected and that fee goes to the sending/receiving/processing bank. When you make a purchase using cryptocurrencies the transaction still goes through a verification procedure processed through computer systems and a fee is still charged, however, the bank is not necessary.
Mining cryptocurrencies like Bitcoin essentially takes central banks out of the equation and replaces them with participants like you and I. The adoption of blockchain technology and cryptocurrencies like Bitcoin empowers us to “Be the bank”.
Instead of buying a CD, Annuity or or Mutual Fund, mining digital assets allows you to cut out the middle man and keep the lions share of the profits.
Remember? Bitcoin was created BECAUSE of the 2008 collapse!
Today, in 2020, we see a mass adoption of blockchain technology and speculators can invest in the thousands of digital assets/tokens that follow. However, few know, and many forget what really got this new technology started.
The first major cryptocurrency (Bitcoin) was created, for the little guy (you and me), as a hedge against corruption on Wall Street and “Too Big to Fail” institutions.
The first block that was ever mined (Genesis block) quoted this headline in the London Times: “Chancellor on Brink of Second Bailout for Banks”.
Easter eggs found in decoded blocks, as well as quotes from Bitcoins founder (Satoshi Nakamoto) reveal that the ideology behind the creation of Bitcoin was to offer an alternative to people from the flawed financial/banking system.
We are taking advantage of that alternative, especially when the markets are in turmoil like they were when Bitcoin was created.
The halving is around the corner
I won’t go in great detail about why the halving exists and when it will occur but will leave you with this informative article:
Everything you need to know about Bitcoin halving
In a nutshell, “mineable” cryptocurrencies don’t print money indefinitely, they have a finite amount of “coins” that will ever be mined. To regulate how many coins can be mined, the code automatically rises in difficulty and systematically reduces block rewards over time. Unless the Bitcoin network protocol is changed, the last coin won’t be mined until around the year 2140.
Bitcoins true value lies in the fact that only 21 Million Bitcoins will ever exist, so the more difficult it becomes to bring Bitcoin into circulation, the more valuable it becomes.
Why is the halving relevant? Historically, the last two times we saw Bitcoin halve, we also saw it rise over 1200% in value. It’s equally important to understand that when Bitcoin climbs in value, most “altcoins” follow suit, and typically excel much faster. The next halving is expected to occur next month.
We bank on volatility
While most speculators fear volatility, we count on it. Profits are made through volatility and the beauty of cryptocurrency is how cheap it is to exchange one for another.
To diversify, hedge and maximize profits from mining efforts, we developed a robust portfolio management system that constantly seeks a better exchange rate and executes transactions that are deemed profitable.
While most cryptocurrency mining companies use the mine and Hold or mine and dump strategy, we mine and trade tens of thousands of times a month. Our trading system was built to take full advantage of volatility within a hand selected digital ecosystem and arbitrage across several cryptocurrency exchanges. Volatility is what our system banks on, so we are more afraid of a flat market or consistent incline/decline in value, which is uncommon.
Our Sale Leaseback program takes out the headache and mitigates the risk
Mining digital assets requires a technical expertise across several arenas so it can be logistically challenging. Trading and exchanging digital assets manually is stressful and building a successful software system is challenging.
Our sale/leaseback program removes the barrier to entry, mitigates the risk and removes all the headaches that come with cryptocurrency mining. Rather than take on debt or sell shares in our company at an early stage, we feel like a sale/leaseback empowers us to scale mining operations rapidly while at the same time providing our customers with consistent cash flow in the form of lease payments.
Our sale/leaseback is the perfect hedge against uncertainty in the Stock Market and is a win/win/win scenario that allows anyone to get behind this revolutionary technology.
Futures Truth revisits the successful and innovative Blockchain Equipment Company NFN8 Media that was showcased in #4-2018 Issue. In that issue, the underlying philosophy of how the Company operated was discussed.
The Company had been successful in developing a multifaceted business to profit from a new financial marketplace using equipment, technology, software, and programmatic algorithms. They added additional proprietary software that calculated the relationship between equipment/infrastructure costs to market prices and how they all relate to each other. This helped them determine exactly what cryptocurrency to manufacture at any given time.
So NFN8 Media has had a consistent track record of creating crypto-assets below the spot market value at the time of their creation. Now, if the Company operated on a create and hold philosophy, that would negate the benefit of lower than market price creation. NFN8 has a wholly-owned sister Company named CryptoTech Holdings. That Company is responsible for taking the cryptocurrency created by NFN8 and high frequency trading those assets on world-wide cryptocurrency exchanges to leverage what NFN8 creates.
The Company trades one cryptocurrency against another. They trade crypto currency against fiat currency. They arbitrage against multiple world-wide exchanges. They don’t hold anything long term. They systematically and automatically execute thousands of profitable trades 24 hours a day-7 days a week – 365 days a year. The output of all these efforts comes in the form of US Dollars.
All the assets created each day as well as all the trading revenue created each day are simply put back into the trading account and traded again. There are more advantages here that are achieved beyond what would be seen by the “traditional trading mindset.” Other factors, besides more money, can be leveraged to increase trading profitability. These include buying up mining computers for pennies on the dollar from failed operations, contracting for electricity now, way into the future, direct connecting with exchanges through APIs, and operating in a zero commission environment.
It is also important to remember why the Blockchain and Cryptocurrency began and, more importantly, why it has been so well accepted on a world-wide basis. Today’s wide acceptance of this new and innovative financial market started as a reaction to the 2008 financial meltdown along with remedies and “bailouts” that seemed to skip over those most affected to the benefit of large traditional institutions. The benefits of the market “fixes” did not roll down to those desperately in need of money in their pockets. The average person saw nothing while corporations paid senior executives huge bonuses and bought back their stock to raise company financial status.
One of the reasons by Satoshi Nakamoto invented cryptocurrency is that he embraced the concept of a decentralized currency that would directly benefit the regular person over “too big to fail” institutions. The idea behind this new currency and marketplace is that it could offer an alternative, trusted financial environment. This concept took hold and has resulted in a robust, widely adopted and trusted cryptocurrency market.
That was where everything stood before the current pandemic. Many are speculating whether cryptocurrency is a true hedge against disasters and unforeseen events. The answer to that will be decided in the future as analysts take a long look back as to how these alternative markets performed during the COVID-19 attack. However, NFN8 Media and CryptoTech Holdings can be judged as to how they are faring during these challenging times.
NFN8 Media and CryptoTech Holdings check all the boxes to thrive during this crisis,” remarked Company Executive V.P. Steven Greene. Here are additional comments he made when he was asked by Futures Truth how the Company is managing during this unanticipated crisis.
WE ARE IN THE MINING BUSINESS NOT THE BITCOIN BUSINESS
Mining provides consistent cash flow for our business operations in any market conditions. It allows participants to move money without central banks but still have the security of verification by millions of computer systems just like ours, called nodes. When you swipe a credit card, transfer funds via ACH/wire, cash a check, or pull cash from the ATM banks go through a verification procedure, and this process is run through sophisticated computer systems. So as we can see, procedures are similar, but now individuals can be a part of a decentralized process without banks. The adoption of Blockchain technology and cryptocurrencies like Bitcoin empowers individuals to become a part of processing financial transactions. Mining digital assets is an alternative to buying a CD, Annuity, or a Mutual Fund. When an individual joins with us, they own a piece of the equipment infrastructure that makes this all possible. We create a variety of crypto assets. We are not locked in to any one token such as Bitcoin. We have proprietary software that tells us what to mine and when.
WE ARE IN THE TRADING BUSINESS
The reason we create the crypto tokens is so that we can high-frequency trade them. Anyone who is in the trading business will confirm that volatility is good for short term trading. That is what we do. Of course, it’s true if you are not a talented trader, you can lose. However, no talent traders always lose. We have been doing this successfully for over four years, during many ups and downs in all markets. Here is a differentiator. We count on volatility. While some speculators fear volatility, we count on it. Profits are made through volatility. Another of the advantages we can profit by in cryptocurrency trading the absence of broker’s fees, commissions, and high market exchange fees. In order to diversify, hedge, and maximize profits from mining efforts, we developed a robust portfolio management system and trading platform that continually seeks a better exchange rate and executes many profitable transactions. We are aggressive, but conservative. To use a baseball analogy, we don’t try for home runs. We try to hit doubles consistently. That philosophy limits downside risk while driving predictable revenue. While many cryptocurrency mining companies use the mine and hold or mine and dump strategy, we mine and trade tens of thousands of times a month. Our trading system was built to take full advantage of volatility within a hand-selected digital ecosystem and arbitrage across several cryptocurrency exchanges. Volatility is what our system is built to take advantage of.
A DOWNTURN IN MARKETS INCLUDING CRYPTOCURRENCY PROVIDES UNIQUE OPPORTUNITIES FOR CRYPTO-ASSET TRADERS WHO ARE CASH FLOWING.
We have been cash positive from our first week in business. Internally, our Company operates like a fund. However, we don’t take any money from “investors” and pay them a return. We sell proprietary computer equipment to owners and pay them a fixed lease payment. Our internal operation uses the computers to create a product. That product is a monetary crypto-asset. From a practical point of view, the product is money. Now, there is a cost to produce that money, which includes our cost to procure and modify the computers which we then sell. As the price of Bitcoin and all cryptocurrencies drops, our cost to buy the computer equipment drops as well. Since we are cash positive, we can take advantage of these market forces. With lower equipment acquisition costs, we can produce the raw material (cryptocurrency i.e. money) less expensively. Therefore, our trading dollars are multiplied going into the trading marketplace. These are the kinds of advantages Bitcoin buyers and holders or folks trying to hedge do not have any chance to take advantage of. This is another way we mitigate the risk inherent in our business.
WE HAVE A UNIQUE SALE/LEASEBACK PROGRAM
We built our Company with our own money. We did not take in investors, partners, or note holders. We did not create an ICO or STO. We have no outsiders at the core of our Company. The only thing we sell to outsiders and the only money we get from outsiders is for computer equipment. This is the exact same proprietary equipment systems that we developed and use for our business. The sale/leaseback program allows for others to participate without the headaches of equity ownership and mitigates the risk. Mining digital assets requires a high level of technical expertise across several arenas, so it can be logistically challenging. Trading and exchanging digital assets manually is stressful, and building a successful software system is challenging. We have done all of that. Hundreds of thousands of trades are automated but overseen by us, the Company owners who created and constantly tweak our proprietary trading platform.
WE ARE FORTUNATE TO BE VERY WELL POSITIONED FOR THIS CHALLENGING TIME
With markets tumbling, businesses closing, dividends canceled, and a future that is unclear, we have just sent our monthly lease payment to all of our owners. We have paid each month to all of our equipment owners, on time, without interruption during all economic conditions. Our Company’s owners and management are socially distanced from each other. We operate from three different cities with direct access to all control panels.
Our assets, business, and operations are redundant computer hardware and software systems housed in state of the art secure data centers. Low- density requirements and large square footage provide our technicians plenty of space for more than adequate safe distancing.
We rely on a few team members with plenty of backup. If all of them were to become incapacitated, we have 24/7 immediate access to all our facilities so we can take over duties in the unlikely event that should that become necessary.
Our Mining Farm computers work in varying markets and produce cash flow in all market conditions. We have checked all the boxes for consistent achievement in difficult times, lived up to our commitments, and will endeavor to continue to do so each month. As market conditions improve, life will get back to normal. Hopefully, this presentation has allowed you to see how we are successfully surfing this wave of uncertainty while continuing to serve our equipment owners each month exactly as promised.
Email: [email protected]
The hardware, software, algorithmic recipe that works
Discussion with Steven Greene
Blockchain and Cryptocurrency are not our usual area of interest. What are your thoughts?
The concept of decentralized financial transactions without the need for accountants or banks didn’t start with the blockchain or cryptocurrency. It began with Piny the Elder in 70 AD, was used by succeeding generations up through Marko Polo in 1280 and then up through1834 by the King of England.
The technology platform used, at that time to record numbers, quantities, ledgers, accounts, messages, and to provide absolute security against tampering (hacking) was called a Tally Stick. The sticks were made of wood or bone and marked with notches and impressions that described obligations, transactions, accounts payable, accounts receivable, or private messaging. The tally stick was then split so that each party to the transaction received one of two halves. When the parties wanted to settle, they put the two pieces back together to validate the original obligations between the par-ties. Because of jagged edges of the split and the fact that one of the halves was slightly longer than the other, the transactions were impossible to fake or forge. Each part had to fit precisely together meshing all the unique jagged edges for the transaction to be accepted. Here is the interesting part of this historical decentralized transaction platform. The person who advanced money or goods to another party retained the longer half of the stick. This longer half was called the stock. That should spark something in all of our minds. It seems the person that had the biggest stick owned the stock!
All jokes aside, eventually governments did get involved and this “Split Tally” or “Nick Stick” was accepted as legal proof in medieval courts through the Napoleonic Period (1804) and into the mid-20th century in Germany and Switzerland. The tally system was introduced into England to accept taxes by Henry I in 1100. The tally system was ended in England in the mid-1800s.
So, when one or more anonymous persons calling themselves Satoshi Nakamoto introduced this “new” concept of currency based on a matching mathematical, algorithmic proof rather than a middleman or bank it used a very new digital platform, but it had some historical precedent.
Everyone who is current in financial technology or who keeps up on economic news knows how much of a keen interest has been expressed by many investors and institutions, as well as the con-cern and confusion regarding this entire new financial system. The blockchain technology that drives this system seems very sound. Besides tokenized non-collateralized cryptocurrency, another asset backed crypto-tokens like Tether are being introduced. Crypto-tokens are being gamified and collected. There will be fungible and non-fungible digital assets created. Artificial intelligence networks and the new concept of private internet social communities will use the blockchain as the ultimate validator of truth. So, there is an ever-emerging future which is yet to be fully defined.
Today, this new digital backbone is currently being embraced by many companies such as IBM, Samsung, UBS, Barclays Bank, Airbus, Daimler, J.P. Morgan, Bank of America, Oracle, Google, and Goldman Sachs to name a few. So, what we know is that as this less than ten-year-old cutting-edge, international, financial and informational technology approaches over a trillion dollars of market capitalization, more than likely something new and positive will result.
Tell our readers about your company. How it started and where you are at today
Our Company NFN8 wanted to be a stakeholder in this groundbreaking technology. We wanted to learn it, understand it and build a company that was not tied only to speculation or completely wrapped up in the world of hardware and software. We wanted to take advantage of something new, emerging, and undefined, but not be taken advantage of by this new wave of the future.
It’s interesting to note, that in looking back at many of the beginnings of new technologies and industries, the early days are usually referred to by the overused cliché, “it was like the wild west.” That language got us thinking about the wild west as NFN8’s plans were being formulated. We thought about the 49ers who ran after the promise of rivers of gold in California in the mid-1800s. As history reminds us, those who speculated lost, those who provided services to the speculators like shovels, wheelbarrows, and work pants went on to be very successful. Now we knew very well that in 2015 (when we started) we could not exactly model those 19th – century successes. However, we felt we could take that philosophy and mold it into a mission for us to conquer what was in front of us today.
With that in mind, NFN8 has developed a Blockchain Managed Mining business model that has several distinct pieces. These elements make it unique and completely different from any of the other companies we have seen in the marketplace. First, I think it’s important to emphasize the businesses we are not involved in. We are not in the “bitcoin business.” We don’t speculate on a single currency. We started by thinking that the blockchain space offered opportunity. We wanted to get involved in a way that allowed us some measure of control over our business. Therefore, we did not just want to speculate on a currency and let the marketplace alone dictate our revenue and profits. As recent history has demonstrated, those who adopted that philosophy and got involved in buying and selling or who had companies that were completely tied to the price of any individual currency have not fared well.
NFN8 Media decided to build a multifaceted business to profit from this new financial marketplace using equipment, technology, software, the relationship between costs and market prices and how they all related to each other. We wanted to perfect the skill of having maximum control all these moving parts.
So we put in place the manufacturing equipment which is simply the computer systems required to most effectively mine the right cryptocurrency at the right time. Our computer systems consist of off the shelf components such as ASIC’s, CPU’s and GPU’s as well as proprietary computer parts and elements. Also, the company has developed and exclusively owns proprietary software packages that we use to manage the computer equipment.
That unique combination of specialized equipment along with our own software allows NFN8 to create a variety of cryptocurrencies. Some examples are Bitcoin, Litecoin, Litecoin Cash, Monero, Bitcoin Cash, Ethereum, Ethereum Classic, Zecash, Dash, Siacoin, Byton, Electroneum, Verge, Decred, Dogecoin, Vertcoin and many more than most people have never heard of. In other words, we are participating in the entire backbone of this new technical financial market. We can create to-kens at a consistent fixed price.
However, as stated previously the timing of what to mine is just as important as owning the equipment to mine it. Those determinations can’t be profitably made on a consistent basis by using publicly available platforms such as “What- To-Mine.” The company specialized and proprietary software makes those determinations based on many factors besides the current market price of tokens. These factors include original cost and update cost of equipment, maintenance cost, and the cost of electricity. Those are considerations on the manufacturing side. Then we use a separate set of proprietary software tools, systems, and platforms to analyze the cryptocurrency marketplace on a per second basis 24/7 to determine the best trades to make with the results of what we mine.
The two software platforms speak to each other, so the trading function understands all the parameters of our costs. Our robust portfolio, reserves, ability to act with a second’s notice, utilizing snap-shot data, along with the ability to continually measure against our own baseline costs allows us to operate efficiently.
Therefore, we are not concerned if bitcoin or any other token is at $20,000 or $1.00. The cost of any token for us – no matter what the market price is fixed – because we manufacture tokens, we don’t buy them. Our opportunities are myriad. We can manufacture, hold, or sell 1 token worth $20,000 or 20,000 tokens worth $1.00 and everything in between. And we can do it one time every few days or many times every few minutes. Additionally, the fact that we operate in a decentralized market that is not loaded with middlemen – banks-traders-brokers – all who take substantial commissions enables us to make a huge volume of trades and not be burdened with punishing fees.
Do you have any plans to grow your company?
We are not in the ICO, IPO, or Note arena. The business was developed and started by the owners with their own money. The concepts, systems, and equipment that we use have been developed by us and are producing revenues and profits today. While it’s true we are growing our company; we are not growing it in the traditional way. We made a definite decision not to dilute the company by offering a security or shares. Also, we did not want to take on debt with notes or loans which can easily get out of control. So we came up with a program that offers advantages to our company and the clients who want to take advantage of our sale/leaseback program. It’s kind of unique. I believe that’s why NFN8 has been invited on shows broadcast on The Fox Business News Network be-cause our approach to growing our blockchain/ cryptocurrency business is entirely different from most everything else currently available. That is why we use the slogan:
“The Money’s in the Mining”
It’s pretty straightforward and simple. We offer purchasers the opportunity to buy the same equipment we use. We procure the equipment. Then assemble, test, warehouse, maintain, up-grade and insure it. The owner receives a bill of sale with serial numbers just like he or she would with any equipment purchase.
Simultaneous with the purchase, the equipment is leased for five years. This enables us to grow without debt or dilution and provides a consistent monthly cash flow for the lease owner. We have been offering the sale/leaseback for over a year, have started all client lease payments within 60 days of purchase and leaseback, and have never missed a monthly client payment in a marketplace that has fluctuated wildly. Anyone who is interested in this program or learning more about why we strongly believe we have harnessed the blockchain to create consistent, predictable revenue and profits for our company can contact us in the following way.
Email: [email protected]
Forget everything you know about Bitcoin, cryptocurrencies and how to identify the next big “altcoin”. Everything “Crypto” boils down to simple arithmetic, there really is no need to speculate.
Yes you can make money…in crypto…if you do it right…
If you are bored and/or generally confused by all the chart analysts, “experts”, information, and misinformation being spewed out, chewed up and regurgitated all over the internet (as well as the main stream media)….we have something in common my Quora friend.
Talking about the “Tulips” reveals one thing about yourself….you know nothing (John Snow). In the next few months I will be publishing a whitepaper that reveals some crypto secrets that few seem to understand (AI bots aside).
Like most people, when I first heard about Bitcoin the initial reaction was to be very skeptical, still, it was worth digging into. After scratching the surface on the history of cryptography, Bitcoin, it’s founders and what blockchain technology aims to achieve, I was hooked. Cryptocurrency is not just the future, in many ways it is the past (sand-dollars, sticks, paper, debit cards…all look like “Crypto” to me).
Today, I “mine” cryptocurrency, sell “CryptoTech” products, buy “real stuff” with cryptocurrency, invest, exchange and roll through “Cryptocurrency markets”. For securing sensitive files and information, I trust cloud based blockchain storage over Microsoft and Google platforms, it’s also a lot cheaper!
Based on specific hypothesis, tests and refined methods here is my opinion on the following (most common) strategies:
FYI…charts reflect daily (15 minute increments) movement on just 1 Cryptocurrency Exchange.
Strategy 1 – Buy Bitcoin and HODL!
Your doing it wrong…the value of your Bitcoin is getting diluted every day and it will take a large infusion of others, “just like you”, to move the price of Bitcoin back to X*. Bitcoin is not as volatile as ALL the other cryptocurrencies. With this strategy you can expect to hold the longest and realize the lowest ROI (in comparison to “altcoins”).
BTC – Bitcoin
BCH – Bitcoin Cash
Strategy 2 – Forget Bitcoin, Buy Altcoins!
Your speculating and can expect the following scenario…Drop a grand on Ripple, it plummets 1% and Stellar goes up 1%. You stop your losses, sell Ripple and Buy Stellar…it immediately drops 2% and Ripple goes up 3%…
You get the point, it’s a gamble, a game of whack-a-mole and the odds are against you. One hint… You need all the pieces of the puzzle to put it together.
Strategy 3 – Get the Bot
What if I said you can buy a bunch of crypto, sell it for a 1% loss, and do that all day long on autopilot… Is that something you would be interested in?
I’m a straight shooter and will calls it like I sees it… Cryptocurrency lives in place that looks like a hybrid between your bank account, credit card and the stock market. Its also global and virtually unregulated.
Although this place is filled with smoky rooms and hackers, it’s actually easier to rig the stock market, sell your credit card digits on the dark web or hack your bank account using…shmenmo… than it is to access your hard wallet or Crypto Exchange (use that 2 Factor Authy).
That said, don’t go searching for someones bot or trading algorithm…just don’t do it!
Strategy 4 – Subscribe to the Expert Advice:
Aha… you knew there was a pitch at the end right? Nope!
Here’s the truth… anyone who knows the “secret” is going to charge you a brinks truck filled with cash, precious metals and property deeds for revealing ALL those secrets. I’m no exception.
If you subscribe to the email campaign or pay that Guru $49.95 for the “secret reveal”, just expect to get what you paid for.
Is it too late to invest in Bitcoin? No, but like any other “investment” do some homework and understand what it is you are getting into. Is it a Bubble? I don’t know, is the internet a bubble? Here are the questions you should be asking:
If you buy $50k worth of Bitcoin, does it matter if the value of 1 BTC is $1.00 or $1,000,000.00?
Is BTC more volatile than your Fiat currency? How does BTC compare to the price of milk, gas, housing, etc… and how does your Fiat compare?
Do you want to live in a world where your currency is diluted and/or regulated by “too big to fail” institutions and politicians or one where your currency fluctuates based on mathematics and equations that can be calculated based on what the market will bear?
Bitcoin is losing it’s volatility, which is necessary for it to ever become a true currency. Altcoins and blockchain products will continue to fluctuate just as the price of oil, milk, stocks, etc… Bitcoin is and probably will be (for some time) the medium of exchange in this newly emerging world.
So let’s start with one of the biggest positive developments in the industry; the fact that the owners of the New York Stock Exchange (ICE), are launching a new crypto-asset exchange in Q1 of 2019 called, Bakkt…
Bakkt is designed to serve as a scalable on-ramp for institutional money, (banks, hedge funds, brokers, etc), merchant providers, and consumers by promoting greater efficiency, security, storage, and transfer of digital assets.
Large banks, institutions, and fund managers won’t commit major investment dollars into this industry through exchanges like CoinBase, Binance or Bittrex. They are dealing with trillions of dollars, which requires the levels of security, settlement, and insurance that Bakkt will bring to the table.
This is a HUGE deal, and as I mentioned yesterday, Starbucks has partnered with them to enable payment in Bitcoin from within the Starbucks mobile app.
2: Fidelity Opens Crypto Exchange
We’ve all heard of Fidelity. They are the 5th largest asset manager in the world, with 27 million customers, and $7.2 Trillion in assets under management.
Well Fidelity has launched a second company called, “Fidelity Digital Assets”, to provide enterprise-grade custody solutions, trading platform, and advisory services to their 13,000 institutional clients.
Fidelity is opening up their $7.2 TRILLION dollars in assets to crypto, and will soon give their 27 million customers the ability to buy Bitcoin through their 401K.
3: Ohio Starts Accepting Bitcoin for Tax Payments
4: Adoption of Square’s “Cash App” Surges on iTunes
5: World’s First Full-Scale Political Election Held on Zcoin Blockchain
6: German’s Second Largest Stock Exchange Plans to Launch Crypto Trading in 2019
7: Binance Crypto Exchange Surpasses Nasdaq And Deutsche Bank Growth and Profits In Less Than 24 Months
8: Creation of ID-Verified Crypto Wallets Doubles in 2018
9: Bank of America Become Largest Crypto-Patent Holder
10: Salesforce Wins Patent For a Blockchain-Based Platform
11: General Motors Files Blockchain Patent For Self-Driving Cars
12: Intel Wins Patent For Energy-Efficient Bitcoin Mining Chips
13: Amazon Launches “Amazon Managed Blockchain” Service
14: 25,000+ New CoinBase Accounts Created Per Day in 2018
As You Can See, The Crypto Industry As a Whole is Just Getting Warmed-Up…
Crypto exchanges like Binance and Coinbase are already surpassing their legacy counterparts in growth and profits. The biggest players on Wall Street are setting the table for their entry into the market.
Mass use and adoption will continue to grow as companies like Square’s Cash App, and Starbucks simplify the process. And it’s clear that companies like Amazon, Bank of America, SalesForce, GM, Microsoft, Intel, are all scrambling to get involved in the industry.
The maximum number of Bitcoins that can ever produced is just 21 million.That’s it. Just 21 million.
As of today, there have been 17.4 million Bitcoins mined since it was launched in 2008, and it’s estimated that 25% of them have been lost forever on discarded computers, lost hard-drives, lost private keys, etc…
That means there already isn’t enough Bitcoin for each of the users on Coinbase alone to own a single Bitcoin. Limited supply, plus massively growing demand can only mean one thing… Bitcoin’s price will skyrocket, and right now you have the opportunity to buy it at a massive 80% discount.
Have you ever met anyone who’s gotten rich by betting against the development of technology? Betting against the development of the computer industry? The internet? Or the cell phone? Do you think it’s smart to bet against the most revolutionary technology ever developed when it comes to the global financial industry?