I’ll admit Amazon will stir the pot a little in Australia’s retail landscape. But from an investment point of view, I think the talking heads are focusing on the wrong areas.
What is a big gain to you? Doubling your money, maybe even tripling it?
If you haven’t come across bitcoin or cryptocurrencies in the past few months, then you’ve clearly had no contact with civilisation. Everyone, and I mean everyone, has been talking about this stuff.
Biotechnology relies on data to conduct research. It’s the key ingredient in the validation process. Big data is not new. But what is new is the addition of blockchain to big data. It’s an intersection of big data, blockchain and biotech. And if it plays out as I think it will, biotech valuations will surge big time.
Bitcoin now trades above US$7,100, making fortunes in the process. So what should you do with this new found wealth? Why not try and make more on classic sports cars?
The contentious SegWit2x fork for bitcoin has stalled. In fact, it could be called off entirely. The proposal was aiming to double bitcoin’s block size to two megabytes. A move that had divided the bitcoin community.
The energy industry is one of the first to commercially adapt blockchain technology on a global scale. First it was the banks chasing this tech. Now the oil and gas sector wants in.
There’s a key piece still missing in Amazon’s Australian expansion plans. One that could be as important to its logistics operations as refrigeration technology is to the meatpacking business.
Bitcoin surged up to around US$7,700 after this announcement. That is almost US$1,000 over the amount it was trading a week before. It has since dropped and is now trading at around US$7,350.
We are glad and, at the same time, regretful that we have launched two cryptocurrency services. However, we like to think that by giving folks advice, and educating them on the sector, they’ve become wiser about how it all works.