The early days of blockchain are behind us now. The “Bitcoin Mania” of late 2017 has come and gone. By now, most of you are familiar with at least the basics of cryptocurrencies, blockchain and bitcoin. Many of you likely have some sort of exposure to cryptocurrencies. It is easier than ever to own crypto thanks to the recent launch of bitcoin ETFs. You do not have to have a wallet or an exchange app on your phone, you can load up in BTCUSD as easily as you buy shares of Nvidia. Now, a new class of crypto has emerged. The space has evolved and profits will mount up for those who take advantage. Those who don’t adapt will be left behind. New, exciting, ten-bagger profit potential themes are all around us. Rather than just searching for bitcoin, money is being made in non-fungible (NFTs) and meme-coins like Dogecoin and Shiba Inu, while DeFi (decentralized finance) has become the name of the game. How will you profit amidst this backdrop of an ever-changing landscape?
In a world where Central Banks have opened the spigots and quantitative easing has become the norm, crypto is taking on a new role. Bitcoin has seen its legitimization as an asset class. Bitcoin futures volumes have been shooting up month by month. Publicly traded companies here in the U.S. are beginning to load up bitcoin reserves on their balance sheets. Yes, you read that correctly. Companies and shareholders alike are making the conscious decision to diversify their cash holdings by adding cryptocurrency. We are not talking about a hundred bucks here or there, we are talking billions of dollars. In total, 27 publicly traded companies are holding over $9 billion in bitcoin. What happens if this becomes standard practice across all publicly traded companies? That increase in demand is likely to spark yet another surge past all-time highs.
Continue reading: https://www.nasdaq.com/articles/the-top-5-investment-plays-for-blockchain
In a world where Central Banks have opened the spigots and quantitative easing has become the norm, crypto is taking on a new role. Bitcoin has seen its legitimization as an asset class. Bitcoin futures volumes have been shooting up month by month. Publicly traded companies here in the U.S. are beginning to load up bitcoin reserves on their balance sheets. Yes, you read that correctly. Companies and shareholders alike are making the conscious decision to diversify their cash holdings by adding cryptocurrency. We are not talking about a hundred bucks here or there, we are talking billions of dollars. In total, 27 publicly traded companies are holding over $9 billion in bitcoin. What happens if this becomes standard practice across all publicly traded companies? That increase in demand is likely to spark yet another surge past all-time highs.
Continue reading: https://www.nasdaq.com/articles/the-top-5-investment-plays-for-blockchain
