Justin’s note: Today, we have a big-picture update on the crypto market from Casey Research’s in-house crypto specialist, Marco Wutzer.
Below, Marco shows us why the blockchain and cryptos are still going to create a huge amount of wealth for smart speculators… why the next bull market will be more powerful than the last… and how you can start profiting today.
By Marco Wutzer, senior analyst, Disruptive Profits
That’s how long you have to grab someone’s attention before they mentally drift off to the next thing. That’s one second less than a goldfish.
Thanks to constant interruptions by smartphones and multitasking, our attention spans are getting shorter all the time.
This is also reflected in absurd investor behavior…
Over the last five decades, the average holding period for a stock has steadily declined. It’s fallen from eight years to a mere four months since the 1960s. You can see this in the chart below:
I wouldn’t be surprised if that average is even shorter in the fast-paced, 24/7 crypto market.
Why am I telling you this?
Put simply, if you want to be a successful crypto speculator, you need to take a long-term view.
The Future Takes Time to Build
The internet took 30 years to become mainstream. Blockchain technology is barely 10 years old and has only received serious attention for the last three years or so.
Rewiring the global financial system and the larger economy takes a long time. Still, the Blockchain Ecosystem is developing fast. And it’s spreading like a virus.
Eventually, it will take over all the aspects of our daily lives in which it makes sense to use a trust-minimized system.
You see, nature is trending towards higher orders of complexity.
In short, blockchain technology is peer-to-peer, immutable, and censorship-resistant. This enables us to build a freer, more complex society outside the limitations of nation-states.
Building the future takes time. It’ll be another three to five years or so until cryptocurrencies reach mass adoption.
But luckily, we don’t have to wait for this to fully play out to profit as speculators.
That’s because markets move in cycles. Each cycle brings in a new wave of cryptocurrency adopters.
I deal with the Blockchain Ecosystem on a daily basis. So it’s easy for me to forget that there are billions of people on this planet that have never even heard of blockchain technology.
I was reminded of this recently at Doug Casey’s estancia in Uruguay. We were having dinner with a cosmopolitan, affluent Uruguayan couple.
She is a lawyer and real estate broker, and he is retired with a background in many business ventures, including being a stock broker at one time.
In other words, they’re wealthy, educated people who travel the world… not local, isolated farmers.
When Doug asked them what they think about cryptocurrencies, it turned out they had never even heard about bitcoin.
This goes to show that we still have a very long way to go. Most of the growth is still ahead of us.
Superior Solutions, Growing Awareness
A crypto seed was planted in the Uruguayan couple’s heads that evening.
They might not investigate the topic much further right away… But two more people on the planet are now aware that cryptocurrencies exist and offer superior solutions to many problems.
Think about that for a moment. Variations of this conversation play out thousands of times a day across the globe.
That’s why from 2015 to the end of last year, the number of people who use blockchain wallets grew over 900%.
That means almost 29 million more people use blockchain wallets today than just four years ago.
No matter if we are in a bull or bear market, the crypto meme is spreading and reaching more people.
Even during the current bear market, more people learn about blockchain technology every day. The couple Doug and I talked to in Uruguay is a case in point.
When the market eventually turns bullish again, this growing pool of new adopters will be ready to participate in the new world of the Blockchain Ecosystem for the very first time.
That means that when the next bull market starts, the network effects will be even stronger than the last time.
And where will new adopters go for their first dive into crypto? They’ll buy the most well-known cryptocurrency… the reserve of the crypto world – bitcoin.
That’s why, whether you’re buying bitcoin for the first time or already own some, now is a great time to buy.
How to Start Profiting
If this is your first time buying a cryptocurrency, I recommend the following:
Open an account with an exchange where you can trade your fiat currencies to crypto. (I recommend itBit or Bitstamp to my Disruptive Profits subscribers.)
Transfer the funds you’ve set aside for crypto to the exchange and buy bitcoin.
Download and install a crypto wallet. Exodus is my personal favorite.
Make sure you back up your recovery phrase so you can restore your wallet if something goes wrong. (Think of the recovery phrase as your password.)
Transfer a small amount of bitcoin – the equivalent of a few dollars – to your crypto wallet.
Once you’re familiar with the process and have made sure everything works the way it should, transfer the rest of your funds to your crypto wallet.
You’re now part of the still small and exclusive club of crypto pioneers… And you’ll be ready to take advantage of the next bull market when it kicks off.
To disruptive profits,
Senior Analyst, Disruptive Profits
Justin’s note: Once you’ve got some bitcoin, you can start speculating on the future of blockchain technology… the plays that will mint a new generation of millionaires.
Marco is on top of all of the most exclusive developments in this space. Go here to check out how to get access to his best picks.
Are you buying bitcoin today? Do you think that digital currencies are a big money-making opportunity right now? Share your thoughts at [email protected].
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