Tuesday, April 27, 2021

And you think Bitcoin and Crypto are just a fad?

I suppose you can call this another plug for the future.
I'm not sure how many have been following the totality/repercussion/impact of Blockchain to/on world finance ? I wrote an article about a month ago on the then status.
While we had been "hit" by the recent meltdown of the cryptos, just take a look at the global chart as of today. It's very telling:
1) The market cap of cryptos is more than 5 times the listed companies' value in Malaysia, 3 times of SGX's and will rank as the top 10 largest exchange in the world,
2) Bitcoin's value (after the recent 15% dip) makes it the 5th largest (was the 4th as at 15 Apr 2021) company in the world after Apple, Aramco, Microsoft, and Google,
3) ETH's (2nd largest crypto) valuation at RM 1.2 Trillion - is also larger than 60% of the entire Bursa market combined. Here's a freebie - buy some and keep. A year from now, you can buy me some beers 🙂. For those who know me, I called this a winner about a month ago when it was just $1,700. I see $3000 or more in the next 60 days,
4) The financial might of the crypto market, which is less than 11 years old, is just staggering. Excluding BTC, the crypto market has actually grown by 30% over the past 30 days,
5) So for those who were dismayed by your Alt's performance, have faith. I think there's room for another 20% growth by June 2021, and finally:
6) JPMorgan Chase is preparing to offer an actively managed Bitcoin fund for private wealth clients, becoming the LARGEST bank to embrace Crypto as an asset class. The bank’s approach, which could launch this summer, is a notable break from passive funds operated by the likes of Pantera Capital and Galaxy Digital. For those less inclined, JP Morgan's CEO, back in Aug 2018, said he would fire any employee who mentions Crypto-currency. How the Big banks lie ?
I have lectured on the advent of Cryptos since May 2016. For those who believed, you are indeed a happy lot. For those who are still sceptical, this is the "next" internet.
As Bush once said, either you are with us, or you are the "enemy", YOU decide.
Cheers.



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