Here at Crypto In Canada, we’ve been keeping an eye on the bitcoin phenomenon ever since it burst onto the scene in 2008.
But we’ve never seen anything quite like the situation with crypto assets and blockchain technology right now. The only parallel that comes close is what happened in the 1990s with the mass adoption of the internet.
If you were around during that time, you may be remember that the internet was initially written off as a fad. Then there was a rush to invest, followed by a bust. The companies that survived—the Amazons, Googles and eBays—emerged stronger than ever and went on to change history.
Fast–forward to the creation of blockchain technology and bitcoin. Blockchain is a decentralized “digital ledger” that allows financial transactions to occur without a middleman, such as a bank, credit card company or government.
Because it creates a tamper–proof record more secure than any repository under the control of one entity, blockchain can simplify, streamline and automate transactions for any industry—including finance, logistics, supply chain management, healthcare and more.
For example, one of the top holders of blockchain patents, IBM, created a blockchain–based food platform for global users, including retailers, wholesalers and suppliers. Among those who have signed on to use the platform are household names Tyson Foods and Nestle along with Carrefour, which has more than 12,200 stores in 33 countries and co-op Topco Associates, which reaches more than 64 million customers in 15,000 stores.
The faster, leaner blockchain approach is set to revolutionize the entire business landscape. Bitcoin is just the first application of this technology, meaning we are still in the infancy of the blockchain revolution.
Crypto assets and blockchain are here to stay. According to Kevin Werbach, a professor and leading expert on business, policy and internet technology from the Wharton School of the University of Pennsylvania, “It’s a new broad approach to network-based infrastructure that can be applied to just about anything.” That includes legal contracts, voting records, ANYTHING requiring an immutable record. For the sake of your financial future, you must assess crypto assets and blockchain not as a novelty or passing fad—but as the way of the future. The world is moving toward decentralization. Bitcoin is simply one more manifestation of this trend. Additionally, there are multiple avenues to build your wealth via crypto.
I think you’ll see that investing in select crypto assets and blockchain stocks is an outstanding hedge, because they’re not tied to the daily gyrations in the market. In fact, bitcoin’s uncorrelated nature and potential upside could be the antidote to challenges facing traditional portfolio diversification approaches, which are seeing bonds and equities rise at the same time.
If you missed out on the big investing trends of the past two decades, this is your chance to capitalize on what is shaping up to be the biggest one yet.
Of course, just like the era of the dot–com boom, fly–by–night operators abound. For those who are active traders, volatility provides opportunities for making profits.
There’s no denying that bitcoin is a volatile investment—in January 2017 it traded for under $800 and by the end of the year it had zoomed to nearly $20,000. By the end of 2018, prices came back down to earth and ended the year near $3,750. At the end of 2019, the price had nearly doubled to $7,200. It hit the $10,000 mark in June 2020, crossed the $60,000 mark in early April and today it trades above $44,000. Risk is often measured by a security’s volatility, and many savvy investors have been rewarded by bitcoin’s volatility.
So, how can non-accredited investors get in on the most reliable and profitable bets in the crypto asset and blockchain space? We want Crypto in Canada to be your best resource and serve as a trusted source to guide Canadians to the most rewarding opportunities in Crypto.
That’s where Simon Rai – Blockchain Advisor comes in. Simon is the director of research, Digital Assets at Crypto In Canada. Prior to joining Crypto In Canada, he was the chief operating officer of Raize Digital, a branding and marketing agency based in Vancouver, BC. Simon has also spent time at Zolo Realty & Simon Fraser University (Science). Simon is also in the process of launching Rig Builders – a boutique corporate advisory firm that advises leading firms across industries on blockchain technology solutions and implementations. He also spent five years as a web marketing educator supporting the Small Business BC community.
Now, as editor of Crypto in Canada and Rig Builders, Simon wants to both educate and help investors get started investing in crypto assets. Together with the Crypto In Canada team, he hopes to guide you to the strongest and safest plays in crypto assets and blockchain technology.
Even if you’re completely new to this space, this website will make it easy by showing you—step–by–step—how to understand the risks and allocate a responsible mix of crypto assets and blockchain stocks in your portfolio.
To make sure you’re positioned to take full advantage of this revolution, we’d like to send you a complimentary copy of our exclusive report, How to Mine Bitcoin From Home (Profitably).
See you out there!