The Blockchain is Happening. You Should Start Paying Attention

Go buy some Bitcoin. This is investment advice that I guarantee you cannot lose on. Not because Bitcoin can’t go to $0; it absolutely can. You cannot lose because it is an investment into your education. You can “invest” as little as $1.

What you’re doing when you purchase some Bitcoin is you’re educating yourself on digital currency. You learn how to buy, where to buy, how to store it in a digital wallet and how to transfer it. This is the future. The future may not be Bitcoin specifically, but it will be some form of digital currency based on Blockchain technology.

The Blockchain is the genius behind Bitcoin. The Blockchain is going to transform/disrupt/revolutionize a whole host of industries. You should learn about it. Here are two starting points from Forbes and Fortune.

“The first generation of the digital revolution brought us the Internet of information. The second generation — powered by blockchain technology — is bringing us the Internet of value: a new platform to reshape the world of business and transform the old order of human affairs for the better.” — Don Tapscott

Yes, there is a chance if you buy Bitcoin and it takes off, you could do well. Bitcoin’s total market cap is ~$25B now. According to Visual Capitalists, there is ~$5T in cash worldwide. Bitcoin is an alternative to cash, so you see the upside potential. We’re still at the very beginning. One newsletter I read made the analogy to think about Bitcoin as a share in the Blockchain; you’re owning/investing in a piece of the Blockchain.

Something is going on with digital currencies these days. I’m not sure what but every cryptocurrency is screaming higher. 100%+, 500%+, 1000%+ … these are 6 month returns on some cryptos. Don’t bet the farm though, you’ll never sleep with the volatility. These are what some may call “Widow Makers”.

In any case, I don’t want to dwell on the monetary aspect. The point is that I recommend learning about cryptocurrencies and specifically the Blockchain. All the banks are looking at it. Alliances and Consortiums are forming. Banks that don’t figure out a Blockchain strategy will be left behind.

The best thing you can do is educate yourself; invest in yourself. Learn about the Blockchain. It’s coming. Buy some Bitcoin.

 

2 Replies to “The Blockchain is Happening. You Should Start Paying Attention”

  1. Althogh Blockchain is associated to Bitcoin and cryptocurrencies, that's only one kind of application.

    The blockchain technology is itself a ledger that manages transactions of any kind. Its scope of application is general and we will observe how it will be entering almost any type of business in the coming years.

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