The adoption of digital assets are growing. Samsung and Gemini now have a partnership to expand the adoption of cryptocurrency. Now, customers of Gemini can store their digital assets on a cold wallet in the Android smart phone. A cold wallet is a wallet that is not connected to an exchange. The digital assets are stored in an offline vault that will act as a custody service for your assets. Being on a cold wallet, you do not have to stress about any hackers trying to steel your cryptocurrency. There will be biometric identification that will further enhance the security of your assets so that you can rest well knowing that your investments are protected. I would not be surprised if the iPhone, Google phone and other smart phone providers offer this same service. After all, competition is fierce in this industry and the rush to be the ultimate provider is underway.
The fourth industrial revolution is here. This will not be talked about on CNBC until the wealthy are all well positioned to be the major beneficiaries of this new asset class. They know that if most of society knew what was going on, they would rush to position themselves for the opportunity of a lifetime. It is sad because you will see the greatest amount of wealth being created over the next 5 to 10 years than ever in history by the 1%. In the same time period, you will witness the wealth gap widen and the poverty rate increase at an astronomical rate. Wake up and position yourself for your future!! Freedom is a right, but financial freedom is an educated action. You have to take the first step towards your financial future if you want this journey to begin.
There are only going to be 21 million bitcoin ever created. About 6 million bitcoin are lost forever. People have lost their pass codes and access to their funds. Take that 6 million out of circulation, and you have roughly 15 million bitcoin for the world to accumulate. There are 6 billion people in the world, which is clearly not enough for the worlds population. There are not even enough bitcoin for every one in California, so you see the scarcity here? Now keep in mind I’m just referring to bitcoin. There are other assets with stronger use cases, but for simplicity purposes… I’ll stick to bitcoin.
Currently, the wealthy are accumulating bitcoin and other cryptocurrencies in mass amounts. Inevitably, the scarcity for these assets will continue to diminish. The lowering of the circulating supply will only drive the price of these assets higher and higher, thus creating an increase in value. If I told you that if you buy this home in a area that is about to be gentrified for $10,000, and in the next 5 years I promise the price will triple, would you not buy it? I’m not a financial advisor but (I am documenting my journey and sharing that journey with the world), I am telling you that a select few of these digital assets will go up in value that has never been seen before. You are in an opportunity of a life time but most are too afraid to take that leap because they don’t understand it.
Stop waiting! Research and put your money to work. Most of you would rather have your money sit in safety, when you can simply research and witness that every day that pass by, your money is losing value. You have your money parked in an account that is making your banker or portfolio manager rich. Your 401k is going to lose more value in the near future, but you are ok with that? The bankers, the portfolio managers, the hedge fund managers are making billions off your money while giving you a return of 10-15%. Stop the brain wash that has been fed to you all your life. Take hold of your finances. Do what you feel in your gut that you must do. Each year for the next five years will get you closer and closer to your financial freedom. The fourth industrial revolution is here.
The proposal or “white paper” for the digital dollar has been released. There is a race globally to go digital in monetary policy. The big push over the next decade will be to rid the world of physical cash. With most countries on board with this movement to a cashless society, you will begin to see more transparency in how money is being moved. There are a few countries who are in the beta phase of their digital currency; China, being the most obvious country in this phase. Their digital currency is circulating through 5 of their provinces, and they anticipate being fully cashless by 2021.
The race to solidify and implement CBDCs in countries around the world is heating up, and no one wants to be left behind in this fourth industrial revolution. No country wants to lag behind in this historical innovation, because the faster and more efficient a country is, the faster that country will transition into this digital revolution. The signs are all around you, 5 years from now, will you say “I had the opportunity to solidify my financial freedom, but I was too afraid and allowed others to control my fate.” Now 5 years have passed and the nice chunk of savings and 401k has diminished in value by 30%, because of hyper inflation caused by the constant money printing and low interest rates. Seize the moment and take back your life!