We are going through the final stages of the 2018 crypto bear market.
That might be hard to believe. The mainstream press loves to spread fear, uncertainty, and doubt whenever a cutting-edge technology surfaces. And that’s exactly what they’re doing with cryptocurrencies. Theirs are not informed opinions.
As I’ve mentioned before, I have spent considerable time and money traveling to numerous cryptocurrency conferences – several of them quite exclusive.
I’m talking to the thought leaders in the crypto and blockchain space… I’m speaking to seasoned executives in the tech sector… and I’m meeting with people from the upper echelons of Wall Street.
Contrary to what we might read in the mainstream press, not only is activity not declining in this space, it is rapidly increasing. Investment in blockchain-related technology has already exceeded that of last year, and we are only halfway through 2018. As a result, research and innovation in this space continues to accelerate.
For reference, have a look at the chart below. It shows the amount of funds raised from initial coin offerings (ICOs) so far in 2018.
ICOs are like initial public offerings (IPOs) in that they are a way for companies to raise capital. But in an ICO, companies sell digital tokens instead of stocks – typically in exchange for major cryptocurrencies like bitcoin and ether.
These digital tokens usually provide future access to the company’s product or service, and they can also convey ownership interests… though that’s not a requirement.
As you can see, ICOs have raised $13.7 billion so far this year. That’s compared to $7 billion for all of 2017… and only $252 million for 2016.
One reason ICOs have boomed this year is that the regulatory climate has become clearer. As such, most ICOs today are compliant with the U.S. Securities and Exchange Commission… which makes them a legitimate alternative to traditional means of raising capital.
Here’s what I can tell you with absolute confidence: cryptocurrencies (digital assets) and blockchain technology are not going away. To the contrary – they are going to become ubiquitous in our lives.
If we think back to 20 years ago, email started out as this quirky application that few thought would catch on.
I remember watching news anchors joke about email on live television in the early ’90s. And 10 years later, nearly everybody in the U.S. was using email. Ten years after that, nearly everybody on the planet was using email.
That’s exactly what’s going to happen with cryptocurrencies and blockchain technology… except it won’t take 10 years. I would be surprised if it took more than five.
So short-term volatility is nothing to worry about. I have no doubt that quality digital assets will ultimately move much higher.
Editor, Exponential Tech Investor
P.S. As I said, regulation around ICOs is becoming more and more clear. Soon, investing in an ICO will likely be as easy as purchasing stock from your online broker. The difference is that these investments have the potential to return 100X in as little as 18 months.
There’s still a chance to take part in this ICO revolution before the average investor – and the mainstream media – catches on. Click Here to Find Out How.
A note from the International Man Team about crypto resources available to you. You can learn from various experts who focus on different types of cryptocurrency and blockchain investing. There’s Marco Wutzer who focuses his newsletter, Disruptive Profits, on long term investments in crypto and blockchain infrastructure. Jeff Brown’s newsletter, Exponential Tech Investor, focuses on high tech innovation such as that going on in the cryptocurrency space, and identifies worthwhile ICOs. Teeka Tiwari in his Palm Beach Letter pursues rapid gains by identifying cryptocurrencies with valuable utility in broad spaces as well as niche spaces. Teeka Tiwari’s web video with Glenn Beck is still available to watch also.