Hoaxes can be entertaining when you’re a kid, but in the grown-up world of finance, the cryptocurrency hoax is the headline of 2018 that nobody’s talking about, and it has been devastating to retail investors who are left holding the bag as usual.
Wall Street tycoons and large financial institutions are the perpetrators of a fearmongering smear campaign that has ravaged the investment accounts of unfortunate victims across the globe.
To help defuse the hype and the rumors, Simon Dixon, the CEO and founder of global online investment platform BnkToTheFuture.com, which has invested over $525 million into fintech companies, gave a fascinating interview to Portfolio Wealth Global recently. Simon is an ex-investment banker turned Bitcoiner, author of the book Bank to the Future, and a fintech and Bitcoin company angel investor as well as an in-demand financial media commentator.
Simon’s take on the situation is that large institutional investors saw what took place in 2017: the emergence of blockchain technology and the expansion of cryptocurrency prices across the board. They thought it wouldn’t last, but of course we now know that this technology is here to stay, and they simply refused to accept the fact that they “missed the boat” in 2017.
Since that time, many institutional investors have gotten involved: Goldman Sachs opened trading desks, the CME opened futures trading for Bitcoin… and at that same exact time, a turning point occurred in cryptocurrencies, with all of the best-known ones suffering a harsh correction that has wiped out many accounts along the way. Is this timing merely a coincidence? Surely the “whales” would like us to believe so.
Looking back on history, Simon notes that Bitcoin has crashed other times: from $30 to $3 (a 90% correction), from $1,200 to $250 (an 80% correction), and now from nearly $20,000 to around $6,000 – though we are seeing signs of stabilization now. What could cause corrections of this magnitude? Bear in mind that blockchain technology is a definite threat and a disruptive force to entrenched interests in governments and traditional finance.
Upon realizing (though not admitting publically) that Bitcoin and blockchain technology must now be taken seriously and are here to stay, there’s little doubt that hedge funds are responsible for the shenanigans going on in the cryptocurrency markets.
Retail investors can still take back control and enjoy huge profits, however.
Simon Dixon has been following and commenting on cryptocurrencies for a long time, and he has seen his fair share of cyclical behavior in the crypto markets. With only 21 million Bitcoins in existence and a technology that’s not going anywhere, short-term traders will come and go but long-term holders will prevail in the end.
The interview is definitely worth watching all the way through for the insights that Simon provides. The Portfolio Wealth Global research experts have been following cryptocurrencies and blockchain technology for a long time as well, and we’re very bullish on the blockchain movement but we’re also extremely selective in how we’re playing this movement for long-term yield.
It’s not a game you’ll want to play without deep research and experience in the sometimes highly volatile crypto markets.
To help you take advantage of the blockchain revolution that’s under way right now, I’ve actually compiled a top-4 list of the absolute best investments available on the market. One of these companies is focused on cryptocurrencies and the blockchain, and I’m 100% confident that it will bring great wealth to early investors.
You’ll definitely want to download the full exclusive report with my top 4 stock picks for 2018 – it’s a treasure trove of information that you won’t want to miss.