These overpaid Wall Street bankers, brokers and consulting firms that perform monotonous tasks, might soon be out of the job. Already, those who work on Wall Street are competing against machines which can do their jobs faster and at a fraction of the cost.
Just like the railways revolutionised the movement of people and goods, blockchain will revolutionise the movement of data. Until now, any transfer of value required a middle man. This one simple change — cutting out the middle man — opens up possibilities no one thought possible.
When capital flows into small stocks in such a convincing way, it tells you that something is going on. You shouldn’t ignore it. The next challenge for the ASX 200 is to breach 6,000 points.
Today we’re talking about a pivotal change in technology and investment history. Because one is coming. Far sooner than you may realise... and the smart money is already moving on this.
Think you’ve missed the decade long share market boom? Sat out the unbelievable cryptocurrency boom? In my opinion, you’ve not seen anything yet. It’s not too late to get a stake in the biggest opportunity in decades.
Not only will this become a form of protection from the potential calamities of the fiat money system, it could also provide the average person with a real, functioning money tree.
Humans behave irrationally in consistent ways. For example, when a stock goes up for fundamental reasons, it attracts the attention of more investors. You then imagine it will continue to go up and make you rich, so you buy based on hope, rather than rational analysis.
If you can afford a Ferrari when times are great, it’s likely you can afford a Ferrari when times are tough. This morning, Bloomberg highlighted that Ferrari could be considering a line of SUVs.
Bitcoin is all the rage at the moment. No wonder…it’s trading around US$4,800, up a gazillion percent or so over the past five years. How do you put a price on the strength of the underlying technology? That’s the market’s job. As it tries to estimate the correct value, it will overshoot and undershoot intrinsic value.
Some cryptocurrencies are actually starting to create blockchains Wall Street can get behind. Predicably, it’s the big names that are moving first…