Sam Volkering – Exponential Investor (Great Britain) –
Note from the publisher: the below is an edited excerpt from Sam Volkering’s premium investing service Revolutionary Tech Investor. Normally this research would be reserved for subscribers, but I think this is such an important idea – and opportunity – I opened it up to you today.
So, it’s not just bitcoin, eh?
If you’ve been paying attention to the mainstream media, you’ll know that all cryptocurrency is starting to get a lot of attention.
So much so that I’m willing to offer you a £200 stake in this booming market – if you want to take me up on it, you need to hurry. The details are here.
Yes, bitcoin is getting most of the press. But the whole idea of cryptocurrency is steadily gaining traction. Ethereum in particular is now being considered as not just the “next bitcoin” but perhaps even bigger than bitcoin.
Olaf Carlson-Wee, CEO of blockchain company Polychain, thinks Ethereum will surpass the value of bitcoin by 2018. That’s highly possible. But it’s important to understand the difference between the two.
Bitcoin is a store of value, and it can also be used as a medium of exchange. You can pay for things – like your bills. In Australia, people can pay their gas and electricity bill using bitcoin through the platform livingroomofsatoshi.com.
Ethereum, on the other hand, is a platform. It’s a network, an ecosystem that uses smart contracts to build digital applications. Ether, which is the token that you can buy and sell, is the “fuel” that powers the Ethereum smart contracts and blockchain.
The ultimate goal of Ethereum isn’t to spend Ether in the real world, but to allow for the mass adoption of the Ethereum project and the unfathomable number of applications that can exist in the Ethereum blockchain.
A reasonable comparison is the first days of the Apple app store. Remember, that began in 2008, not even a decade ago. After the app store went live, developers built apps and the “app-economy” took off.
There are now more than 2.2 million apps in Apple’s app store. 2016 revenue was around $28 billion. Companies such as Instagram, WhatsApp and King Digital Entertainment (inventor of Candy Crush) all started as apps.
Facebook now owns Instagram and WhatsApp, paying $1 billion and $19 billion respectively for them. And Activision Blizzard paid $5.9 billion for King Digital Entertainment.
That’s undoubtedly impressive. Yet it’s only a fraction of the potential power of Ethereum. In our view Ethereum is like the second coming of the internet. By creating a global, digitally connected network, it is building another internet. And we’re already seeing companies building innovative new applications on its network.
Like Golem, a distributed supercomputer network. It is like the Airbnb of computer power. If you have a computer and only use 40% of its processing power, you can rent out the other 60% through Golem, earning Golem tokens along the way. Or, if you need extra computing power, you can buy it using Golem tokens.
Golem also raised $8.6 million in 29 minutes releasing an Ethereum-based cryptocurrency in November last year.
That’s just one example of a new, Ethereum-based cryptocurrency used to fund new businesses. While these new businesses might become multi-billion dollar companies in the coming years, it’s Ethereum that underpins them.
As we’ve pointed out previously, three other giants of industry in China – the Royal Chinese Mint, Alibaba and JD.com – are testing and experimenting with the Ethereum blockchain.
But it’s not only China betting big on Ethereum.
Russia wants in as well. Here’s a country that was on the verge of banning bitcoin. Now, thanks to the co-founder of Ethereum, Vitalik Buterin (a Russian citizen), Russia is embracing the cryptocurrency revolution.
Last week Buterin met with President Vladimir Putin. The event statement from the Kremlin reads,
Mr Buterin described the opportunities for using the technologies he developed in Russia. The President supported the idea of establishing ties with possible Russian partners.
The conversation was held following the President’s meeting with s of major foreign companies and business associations.
A report from Cointelegraph explains Putin wants to build a new digital economy based on blockchain tech.
TAAS – Russia’s state-owned news agency – reports,
The blockchain technology may be massively launched in Russia within 7-10 years, Central Bank’s Deputy Chairperson Olga Skorobogatova said on Friday.
Skorobogatova went on to say,
“I think it will take us 7-10 years – not only the financial sector, but other sectors as well – to launch the production of this technology for serious projects.”
That’s the time frame we’re looking at for bitcoin, Ethereum and our other cryptocurrencies to hit the mainstream. That’s the time frame in which we expect them to rise in value ten, 20, maybe even 100 times higher than where they are today.
This idea is gaining ground among governments. It’s got big business on board. It’s already showing what it can achieve. And its development community is pushing a with updates and improvements to the network.
We think this opportunity is a once-in-a-lifetime type event. Which is why I am offering you £200 to invest in this booming market.
It’s easy to sit back and think you’ve missed the boat. The incredible price rises these cryptocurrencies have already enjoyed are hard to ignore. But the potential future gains are far greater than what we’ve already seen.
But don’t forget how early stage this all is. It’s a huge punt on the future – a seven- to ten-year time horizon. You could lose your entire investment. In a couple of years this could all be worth nothing. Or you could be sitting on a small fortune.
We can’t see the future, and any investment into a cryptocurrency is a big risk. That’s why you should only use money you’re prepared to lose. It doesn’t have to be much – maybe just a few hundred pounds if that’s all you can afford to lose.
I’m doing my best to make sure you don’t miss out on this by offering to get you started with a £200 stake – take me up on it.
I can only stake 500 readers and more than 460 have already taken me up on it. So if you want to secure the last of these “grub stakes”, I suggest you respond no later than today.
Editor, Revolutionary Tech Investor