7 Cryptos For Life Changing Wealth
224: Move Slow At Your Own Risk
Good morning all — crime is soaring in the US so we’ll put out a piece on that and how it relates to the Bolshevik Revolution later this week but today we are focusing on crypto and the opportunity it provides to give people freedom in the future.
If you understand crypto, blockchains, and defi — meaning you’ve done some basic reading or maybe you’ve invested to some extent in the past several years (and held), you probably understand that it’s not a fad.
It is the single best opportunity to accumulate life changing wealth in the coming years in my opinion.
Our parents (boomers) and grand parents had the chance to simply buy the S&P 500 or a reasonable home and wait. Sit on their hands and benefit from the most explosive and sustained equity bull market of all time. Their homes appreciated multiple hundreds of percentages, solidifying their financial freedom for years to come.
Their portfolios powered by iconic American companies and maybe a few unicorns like Apple, Amazon, or Coca Cola — grew into formidable allocations that now provide cash flow monthly in the form of dividends or lump sum cash amounts 10-40 years later depending on when and what they bought.
The reality is in the United States today — this is an unattainable dream for many except for those who have super high paying careers or cash flowing businesses.
While I do think there is some opportunity to replicate this strategy (if you can front the cash NOW) in AI, Automation, select Tech names, and Cloud — it’s going to be much harder to implement.
Most people unless they’re well off or come from money — do not have the capital at the moment to meaningfully position in an any of these industries and hold long enough to benefit from their gains in 10-20 years.
Fortunately — there’s an alternative, or at the very least a supplement asset class, that is poised to fundamentally change the world in the coming years. Finance at the moment is undergoing some serious paradigm shifts globally — we are seeing the aggressive expansion of BRICS, the implementation and testing of CBDCs (Central Bank Digital Currencies), and sky high inflation hurting the buying power of the US dollar.
The stage is ripe for innovation and disruption.
Many people still have not entertained the idea of investing in crypto in a meaningful way ($50,000+). Most don’t own a single bitcoin or let alone a piece of one. Ethereum as well is really only held in size by traders, crypto diehards, and long term investors who have the capital to buy, hold, or stake and wait. Alt coins provide the prospect of high gains for more risk — but even still, most people don’t know what they are let alone how to buy them or setup a digital wallet.
Sentiment surrounding crypto went to shit as soon as the ponzis blew up and the exchanges and companies got liquidated.
But as the wreckage that was the bear market dissipates and price action has relatively stabilized I thought now would make the best time to highlight the crypto assets and projects/tokens that I will hold in the coming months and fully expect to pump hard.
We’re not talking S&P 500 7% in a year hard — we’re taking multiple hundred percents. We’re talking capturing the appreciation of world changing technology and the shift of value from traditional assets to the new global financial infrastructure that will accomodate the bulk of financial markets capitalization into the future.
Today’s guide is a look into the crypto/defi assets/tokens/coins that I believe show the most promise for the next bull run. Doing the research now when nobody really wants to talk about crypto is going to make a massive difference in separating those who are able to profit in the near future and those who get stuck eatings bugs and commuting to their 9 -5 job for the rest of their lives.
When up only mode returns and the crypto markets are the central focus of investors everywhere, with prices skyrocketing making many rich — don’t say I didn’t give you plenty of advance time to accumulate these winners before the herds.
Don’t miss potential generational wealth because you chose to simply bet on your 401k and not take a chance on the some of the most revolutionary technology to ever be developed.