Blockchain: It's like buying Microsoft in 1986, but better …
"Don't be stupid; buy Microsoft." That is the advice my brother gave me in 1986.
Microsoft went public on March 13, 1986, and went on to enrich everybody smart enough to buy its stock.
Microsoft has split nine times since then, and each share would have grown into 288 shares with a cost basis of 7.2 cents. Oh, and those would be worth more than $3.6 million today!
What was so special about Microsoft that made it skyrocket? Simple: Microsoft made it possible for computers to talk to each other.
Sure, that's a very simple oversimplification. But it captures the POWERFUL essence of what made Microsoft stock a millionaire-maker.
There is another simple but powerful revolution going on today that I expect to enrich early investors just as much, if not more, than Microsoft.
My brother, at age 24, was too young and broke)to buy shares at the time. Today, I'm sure he'd give some similar investing advice about blockchain.
Here's why that's looking like another VERY good … not just multimillion-, but perhaps multibillion-dollar … call
The simple but powerful essence of blockchain is that it makes it possible to trust people you don't even know.
Think about all the zillions of dollars we spend every day to buy trust …
- Every time you buy a share of stock, you pay a commission to a stockbroker to make sure you get your rightfully purchased shares.
- Every time you buy a house, you pay hundreds to an escrow agent to ensure that you get the title to the house you just bought.
- Every time you use a credit card to buy something, the vendor pays a fee to the credit card company to make sure they get paid for what you just bought.
There are thousands more examples, but you get my drift. All of us pays thousands to middlemen because we don't trust the stranger at the other end of the transaction. The beauty of blockchain is that it makes it possible to trust any person, any company, without using costly middlemen.
This is why blockchain spending is EXPLODING. Consulting company Deloitte just released its 2019 Blockchain Survey, and the results are clear: Blockchain adoption is about to take off to the moon.
Deloitte found that 53% of business executives surveyed cite blockchain as a top-five strategic priority. Some 56% expect blockchain will disrupt their industry. Moreover, 86% believe blockchain will achieve mainstream adoption.
Why is the corporate world so enamored with blockchain? The top four reasons were:
- 23% greater security or lower risk
- 23% greater speed compared to existing systems
- 17% greater transparency
- 11% and lower costs
Greater security, greater speed and lower cost? Sign me up!
Blockchain is a digital ownership revolution, and a handful of companies — some big established corporate giants and some small startup hotshots — will be minting money as blockchain adoption accelerates.
How much money? Better than even Microsoft, which turned $1,000 into $1.8 million.
And to paraphrase my brilliant brother, "Don't be stupid, buy blockchain."
P.S. Like my brother, I was young and broke when Microsoft debuted too. But now — not only am I older, wiser and can invest in a great opportunity when I see one — but I also have my own newsletter where I can help you do the same. And right now, with just about everything on sale in the markets, this is a GREAT time to get in on the blockchain revolution. Start here >>