It was 100% humidity. Even in the underground train station system it was stinking hot. The rare patches of air conditioning would breeze across the beading sweat on your editor’s forehead.
It provided momentary relief, but the sweat was soon back.
There wasn’t much point in complaining, either. Not like you can change the weather, or stop your biology from trying to keep your core cool. To whinge about it would be akin to swimming in a pool in the rain and complaining about getting wet.
By this stage I wasn’t far off looking like I’d just stepped out of the pool. At one point I’d even considered just pouring the bottle of water in my hand straight over the top of my head.
It wouldn’t have made much difference.
Frankly, as nice a city as it is, Singapore just isn’t for me. Great transport links. Lovely airport. Friendly people. Expensive, but that’s because of the minimal tax and ‘user pays’ system.
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Maybe it’s the perfect model for the rest of the world. Maybe not. There’s a pretty clear divide between the rich and the poor in Singapore. Either you’re an expat and rich, or you’re poor.
And that comes with its own cultural trappings too. It’s a strange place. Very futuristic, progressive. But strange. And far too hot. So, not for us.
Still, in October 2015 we found ourselves in Singapore for a week. The reason was the SIBOS conference. This is a large banking and finance conference put on annually by SWIFT, the organisation responsible for interbank telecommunications.
That means when you send money around the world SWIFT help the banks balance and settle their ledgers via a messaging system. That’s why you’ll notice your bank account has a ‘SWIFT Code’ in the event someone wants to send you money from overseas.
Anyway, I usually attend this conference every two years. It gives a better view of how much things change (or don’t change) in the financial world. And back in 2015 I had the distinct please of interviewing one of the richest people who no one knew about.
The Ripple effect
The cryptocurrency story wasn’t new to me in 2015. I’d already been researching it since 2010 and 2011. I’d been buying crypto, learning how to move it around, and even occasionally falling prey to scams and fraud. Basically all the experience you need to navigate the crazy crypto world.
And I was interested in speaking to people behind blockchain and crypto projects at SIBOS 2015. I remember lining up for an interview before the conference with one of the co-founders of a crypto project called Ripple.
Back then ripple was already starting to talk to banks and other financial institutions about their protocol and platform. They were angling to be the new standard of international asset transfer. And at the core of it all was Ripple’s infrastructure.
I was going to be talking to the (then) CEO of Ripple Labs, Chris Larsen. I wrote a bit about the upcoming event in a Money Morning piece back in September 2015. You can check it out here.
I sat down with Larsen and we spoke all about Ripple Labs and cryptocurrency for just over 19 minutes.
While I didn’t know it then, Larsen would theoretically become one of the richest people on earth just over two years later.
My guess is he probably didn’t expect it either.
But just this week Forbes reported,
‘Cofounder and former CEO Chris Larsen, who stepped down in November 2016 and now serves as executive chairman of Ripple, has 5.19 billion XRP in his personal holdings and a 17% stake in the company, according to sources at Ripple. That gives him a net worth of $37.3 billion, using Monday’s exchange rate.’
Well, that happened fast!
This poses a few questions. The first being is the value of the Ripple token (XRP) justified at its current price? The second is, ‘Should you be buying XRP now or another crypto?’
After all, maybe out there right now is another crypto just like ripple a few years ago. Maybe this crypto, worth fractions of a cent now, will turn holders into billionaires over the next two years.
The crypto rush is perhaps the biggest wealth creation event in human history. Average people like you and I could have a chance to become millionaires or even billionaires by grabbing a stake in it now.
I believe there are more like Larsen to come. This year, next year, and maybe even for the next decade. The wealth eruption we’re seeing is like nothing else before. And importantly, it’s not ‘tulip mania’ and not a ‘bubble’.
I explain why this is the case and how you can get involved in my book, Crypto Revolution: Bitcoin, Cryptocurrency and the Future of Money. If you want to get in on the crypto rush, it’s not too late. We’re just at the beginning. And I put it all in plain English for you to understand in the book.
If you want to know which cryptos to buy, which to hold and which to avoid, then join us at Sam Volkering’s Secret Crypto Network. It’s everything you need to open yourself up to this once in a lifetime opportunity.
Maybe you become the next Chris Larsen. Or at least get in alongside the next Larsen, and mint yourself a fortune over the coming years.
Editor, Secret Crypto Network