There Will Be More Millionaires Made This Year
in Crypto Than Any Other Sector
It was just a few days ago that the realization had come to me of the tremendous wealth people are accumulating from Bitcoin and other Crypto coins/token purchases, I mean who would’ve thought that someone could’ve invested just $3000 back in April, in a project using Blockchain technology in assisting banks with their cross-border settlements, could be worth $338,000 at its high earlier this month. The gains in so many of these start up projects and platforms have been tremendous.
So what’s all the hype about? Are so many of these new projects impacting the world in such a way that the early investors are striking it rich? Yes there are stories floating around the crypto space about hitting it big time from getting in early on some of these platforms. But is the rally tapering off, and it’s becoming too late to party like its 1999? So let’s take a look at what’s transpired in the last few months.
For those that aren’t too familiar with how one acquires Bitcoin or other crypto currencies and utility tokens, it requires going through an exchange that is set up to sell these various digital coin/tokens (Assets). It can be done using ones fiat dollars or trading one digital asset for another. Once purchased, they can be stored in a digital wallet on or offline plus there are other options available. Basically price is determined through supply and demand, or at times a run on a certain asset takes place and the price can escalate upwards rather quickly. Most people entering this market are doing so out of speculation, and who can blame them, there’s a lot of money being made in cryptos. This article seems to be getting longer than most attention spans, so let me get to the point,
I submit to you that the awakening is starting to take place; one can’t find a financial news media outlet that is not talking about Bitcoin and other digital assets within the crypto family. Japan has made Bitcoin a National currency, along with several retail giants like Overstock.com and Subway now accept it as a form of payment. Getting back to the exchanges, a popular one named Bitstamp (See Here) say that over a 100,000 a day apply for an account to get involved, and they’re not the only exchange with problems servicing new accounts, recently over six of the main exchange closed their doors to adding new members because of the strain. The pressure is building folks; people are interested in what’s going on, we recently saw the value of most assets increase to all time highs. As the flood gates open this year and people pour into this market at an unbelievable pace, prices will go through the roof. Those able to acquire assets at these “On Sale” prices of today will increase their wealth to amounts that have never been heard of for the common working stiff. Prepare to get your boat rocked, because the moon shot is coming, and probably sooner that any of us realize, so yes there will be more millionaires made in crypto than any other sector around today, we wish you all the best, R&R