Dear Reader,
In 2012, while sitting with Marin Katusa in Carlsbad, California discussing how to make sizable profits in the junior resource sector, another familiar face approached me – a gold bug I had met named Trace Mayer.
Trace was there to speak with Doug Casey about a new currency called Bitcoin.
When he mentioned Bitcoin, my video editor who was with me recording interviews immediately jumped into the conversation. He had been mining this new currency, as well as purchasing it.
This day was the first time I truly understood what Bitcoin was.
Here we were, living in a 500-year-old monetary system where the currency had no value, and here was this very smart investor I knew, making wild claims about cryptocurrency rising up to compete with the fiat system and eventually overtaking it.
One thing I struggled with is that Bitcoin had no founder and no representative to be its advocate. At least this is what I thought, until a few months later when I attended a Bitcoin conference in Las Vegas.
It was there that I believe the next Steve Jobs or Bill Gates was. The room was filled with nothing but passionate entrepreneurs, nerds, and libertarians.
I realized that not only was the cryptocurrency not going away, but it actually had some of the best advocates in the world representing and advancing it.
Today, there are literally hundreds of these currencies, with Bitcoin still having the largest market share. However, a few others, like Litecoin, Dash, and Ethereum have risen up to be very serious players in this currency market.
All of these cryptocurrencies are extremely speculative, but also revolutionary.
Though I don’t currently see them as a store of value or a long-term safe haven, they are a potential and likely game-changer for the future of all currencies.
Capital goes where capital is treated best, which is why cryptocurrencies and gold-backed private currencies will continue to become more accessible and usable.
Goldmoney and others now allow you to have a gold-backed debit card.
OneGram, a new cryptocurrency, is using the blockchain technology to create a coin that is backed by one gram of gold.
Transacting in these currencies has dramatically improved as well. When I purchased Bitcoin 5 years ago, I had to meet someone at a local Starbucks with physical cash for the transfer. Today, you can easily buy it from places like Coinbase.
One observation I think everyone here needs to fully appreciate is that the young are embracing the cryptocurrencies.
Change and adoption by the elderly are not necessary.
Extinction of the current monetary system can happen without any embracement from a large portion of the current population.
In the U.S., the adoption of many current users is a luxury.
What most Americans fail to understand is that for people living in places like India and China, the adoption of cryptocurrency is by necessity!>
If you’re in the crypto space, you’re smart and lucky in our opinion.
With any other sector, it would take years to recover, but this entire crypto space has consistently shown to move at 10x the rate of previous tech innovations.
In his recent post at USFunds.com, the chairman of HIVE Blockchain Technologies, Frank Holmes, pointed out to me just how fast Bitcoin is moving compared to what we’ve seen in the NASDAQ.
By the way, for those depressed about HIVE going from 70 cents to CAD$6.75 and back down to CAD$1.58, keep in mind that Amazon went down 91% at one point!
Amazon Inc. (NASDAQ: AMZN) traded for $107.33 in December of 1999. By March of 2001, it was trading for $10. Today, it trades for about $1,572.
FutureMoneyTrends.com is forecasting that the worst will be behind us by July and that the best bargains will be in the early summer of 2018.
Best Regards,
Daniel Ameduri
President, FutureMoneyTrends.com
Legal Notice:
Projections relating to gross mining margins outlined above are subject to the assumptions set out therein, including future cryptocurrency prices, which are based upon management’s best estimates but are inherently speculative and there is no guarantee that such assumptions or estimates will prove to be correct.
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Never base any decision off of our advertorials. Future Money Trends stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We are long HIVE Blockchain Technologies and have received options directly from the company and have been paid two hundred and fifty thousand Canadian dollars for three years of digital marketing paid for directly by the company. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at FutureMoneyTrends.com
