Cryptocurrencies will have a total network value of many trillions of Dollars.
The questions is, can you can you HODL one of the coins that will captures a lot of the value?
I want to tell you about 3 that I am betting will be huge winners.
I still remember walking in Shibuya, Tokyo in 1989 when I had an epiphany that changed my life. Decentralized open platforms tend to grow faster and become larger than centrally organized ones trying to do the same thing. Over the previous few hundred years, dictators and empires were replaced by more decentralized democracies. Centrally controlled economies were replaced by more decentralized free markets.
When I saw the web in 1994 I was excited about this new decentralized platform that for the first time allowed me to share information with anyone in the world at a very low cost. I launched several businesses on the web in 1995 but one stood out with the most traffic, sales, and profit margins. That product was sex toys. I bought the domain sextoy.com for $70 and created one of the first affiliate programs on the internet to decentralize my marketing.
In 2014 when I saw bitcoin, I saw another as a fast growing decentralized app competing against our central bank dollars. I invested in Bitcoin at $350 and once again, betting on decentralization has paid off.
In 2017 I realized the cryptocurrency revolution will be bigger than the web revolution. So I dropped all other work projects to focus all of my time studying what is going on to find the best investments. I also share what I learn on my youtube channel DaveLevineDotCom.
I am not a financial advisor and I am not trying to sell you anything, I am just an ecommerce entrepreneur turned investor who is trying to navigate the crypto revolution.
There are 1000's of cryptocurrencies and five years from now most of them will be at prices lower than they are today. But like we saw on the internet over the last 20 years, there will be a few huge winners. But I do want to share.
Bitcoin disrupts gold. Over the last few thousand years Gold won as the best money due to its scarcity and tradeability. Bitcoin however is better with a stricter supply control and is easier to tradeability. Gold total value as a financial asset is around 3 trillion dollars. If bitcoin takes only 25% of the gold market, the price should be around $50,000 per BTC coin.
Stellar lumens XLM are the native currency on the Stellar Network. IBM says they will be doing 1B a month in international trade on the stellar network with XLM as the bridge currency. IBM also says that in less than a year a central bank will launch a cryptocurrency on the Stellar Network
Ethereum is a platform for decentralized applications. Identification, voting, computer resource trading, and cryptokittie are just some of the applications being built. Ether is the token that secures the network. The bigger and more valuable the network gets, the more valuable the token should become.
I am a retired investor who is not selling anything and I am not even trying to make money off this channel. Making videos inspires me to study deeper, forces me to clarify my thoughts, and if I am wrong, I hear about it through comments. Many of your comments have pointed me to new resources that I may not have found otherwise. So I thank you for subscribing, following, and commenting. I hope I can help you navigate the cryptocurrency revolution and I appreciate how much you have helped me.