Invest In Blockchain Now Or Has The Ship Already Sailed?
Most people I talk to today think the opportunity surrounding cryptocurrencies has already passed, and although there’s some truth to that, but most people don’t realize that there’s more substantial opportunity in front of us. We’re still in the first inning of this ever-changing revolution of money.
Not All Cryptocurrencies Are Made The Same
Unfortunately, just like the dot-com boom of the 90s, there are going to be plenty of cryptocurrencies that crash and burn, and with it, investor dollars. Remember Pets.com, Grocities.com, Webvan.com, AltaVista.com; the list goes on and on.
Not all cryptocurrencies are made the same; getting into the right ones could be like buying Amazon or Apple, getting into the wrong ones could be like buying Yahoo or Pets.com. For this reason, if you’re not financially savvy, it’s essential to educate yourself or find a coach that knows how to trade cryptocurrency successfully.
ETFs – Not That Far Away
Let’s not forget about all the institutional money that just waiting to pour into this asset class. Cryptocurrencies are in the infancy stage in terms of Wall Street recognition, and until the SEC approves crypto-assets like ETFs, all that money is going to be kept out.
Currently investors have limited options; futures and index funds are nothing compared to what a real ETF would do. Once ETFs join the scene, there really will be no turning back. Remember last December when the CME and the CBOE listed Bitcoin futures, the market skyrocketed. That’s nothing compared to what an ETF could do.