As colleague and world-renowned crypto investor Teeka Tiwari lays out in this video he recorded from his home in Puerto Rico, there’s a lot to worry about these days.
The political system is a mess. The economy just saw its biggest quarterly drop on record. There’s a pandemic on the loose. And we’ve just seen the worst protests and rioting since the 1960s.
As Teeka puts it, the “bedrock pillars” of American life are breaking down right before our eyes.
But it’s not time to give up on America… or on your goal of making life-changing wealth as an investor. It’s time to get smart about it.
As Teeka has been telling whoever will listen, blockchain – the technology powering bitcoin and other cryptos – is about to kick off an economic renaissance.
That’s why today, we’ll look at how blockchain tech is remaking the U.S. economy… and how you can grab some of the biggest profits on offer in the world today.
Although most people don’t know it yet, the consequences of this coming economic shift will be profound. And Teeka believes it will create a whole new class of crypto millionaires…
In fact, he’s made it his mission to mint more millionaires this year than any other newsletter writer in America. And cryptos play a central role in that mission.
First, it’s critical you grasp something about this new tech…
The blockchain renaissance isn’t about just decentralized digital currencies like bitcoin.
If you’re a longtime reader, you’ll know what I’m talking about. But I know this confuses a lot of folks. So I’ll try to make it as clear as possible…
A blockchain is just a digital ledger that’s shared online across a network of users.
You can trust each new record because verification happens cryptographically across a decentralized network. No one person, or group – or government – has special privileges.
Blockchain cuts out middlemen, referees, and bureaucrats. It relies instead on math and code.
This gives power back to the individual… which, as you’ll know, is at the core of the American spirit.
Bitcoin was the first “app” to run on this kind of decentralized network. But there are now many other kinds of these “apps.” And they touch on all different parts of the traditional financial system.
Take the transfer of real estate titles…
When you buy a house, your proof of ownership isn’t that you move in. It’s that you hold the deed to the house.
Each day in the U.S., real estate buyers and sellers transfer $3.4 billion of value to each other this way.
Right now, transferring deeds from buyer to seller is a cumbersome process involving lawyers, notaries, and other middlemen.
Moving all real estate transactions onto a blockchain is a more efficient, less error-prone, and more trustworthy way to transfer titles – not to mention that it’s much cheaper.
We’ll also see “tokenized” stocks and bonds.
They’re another blockchain trend Teeka put on his readers’ radars.
Instead of having your broker handle them… via another third party… like what happens now, you’ll directly own your stocks and bonds on a blockchain network.
Blockchain will also make our elections more secure…
Just as blockchains can get rid of corruptible and costly middlemen from currency and real estate transactions, they can rid elections of them, too.
That’s a hot topic in the U.S. right now… And it should be.
You shouldn’t have to question whether the U.S. voting system is secure. You should be able to easily verify each and every ballot cast.
Blockchain can help there, too.
Remember, once a record – in this case, a vote cast in an election – is verified on a blockchain, it can’t be changed or tampered with. And again, no middleman has control over what’s recorded.
So it’s the perfect technology to run our electoral system on.
Every record on a blockchain is also publicly accessible. Rigging votes or hacking the system is impossible because everything is there for everyone to see.
In other words, blockchain puts YOU back in control…
That’s why Teeka has a special, nontechnical term for what blockchain is all about. Here he is with more…
Blockchain is the great equalizer. I believe it will create hundreds of thousands of new Main Street millionaires. It has transformational potential.
Take the stock market. The Securities and Exchange Commission, or SEC, is the main U.S. stock market regulator. It recently greenlit a project that will use blockchain to settle stock trades.
This new system will make buying stocks faster and cheaper. It will benefit every investor, big and small. And even though today’s slow, expensive stock settlement system came about in the 1970s, it clears a whopping $1.3 trillion in stock trades each and every day.
That’s a massive inefficient market waiting to be disrupted.
That’s why some of America’s biggest companies are pouring money into this tech.
Facebook wants to launch its own cryptocurrency…
It’s called Libra. The idea is that everyone who uses a cell phone can pay and get paid through blockchain.
As a product of Facebook, Libra isn’t without its faults. But as Teeka has been pounding the table on, that could literally put blockchain in the hands of 3.5 billion people. That’s 45% of the world’s population.
And that’s just one corporate blockchain project among many others. Teeka again…
Google has become the world’s second-most active investor in blockchain. It’s invested in at least five different blockchain startups.
Tech giant IBM has 1,500 employees working on blockchain. Amazon has a plan to get its more than 1 million business customers on blockchain. Electronic signature company DocuSign’s blockchain app will let you buy a new car in a few minutes. Microsoft has even patented a way to connect blockchain to the human brain.
Right now, blockchain is pouring into every sector of the economy. It will soon become the lifeblood of the money, banking, and investment systems. It will also revolutionize the internet and the tech sector.
It’s one of the reasons I put soaring “altcoins” on your radar.
Altcoins are cryptos other than bitcoin…
And as I’ve shown before, since the start of the year, they’ve been climbing even faster than bitcoin.
That’s no surprise. They will form the backbone of the new blockchain-based economy.
Take ether (ETH). It’s the crypto asset powering the Ethereum blockchain.
Teeka recommended ether to our Palm Beach Letter and Palm Beach Confidential readers in April 2016.
It’s up 4,202% since then.
That gain – massive as it is – doesn’t surprise me, either…
You see, Ethereum takes blockchain tech to a new level. Instead of just allowing you to record currency transactions in a decentralized ledger, it allows you to execute computer code in a decentralized way as well.
These pieces of code are called “smart contracts”…
They’re governed by pre-written logic. “If this happens, then do that”…
And you can program anything in there… including the parameters of a complex financial deal.
Their execution results in ledger updates – such as cryptocurrency payments… or transfers of property deeds or shares.
Smart contracts help transfer anything of value in a transparent, conflict-free way. And they do away with the need for middlemen such as a notaries or lawyers.
Can you imagine the creativity and entrepreneurial drive this one change would unleash?
Finally, companies could do business with each other without worrying about getting ripped off.
On average, American companies spend about 0.39% of their revenues on legal fees. In 2018, U.S. public companies reported a total $15.7 trillion in revenue.
This means eliminating legal fees could have freed up $61.3 billion in capital. That number is likely higher today.
Teeka goes into all of this, in detail, in his recent video update…
Watch it for free here to get full details from him on the economic renaissance on the way… and how to profit…
Meantime, you should at least own some bitcoin…
It’s up 60% in 2020. That makes it one of the best-performing assets this year.
And we’re still in the early innings of the blockchain megatrend. Here’s how Teeka summed it up to his readers…
Friends, when I first wrote about blockchain technology in 2016, I put my reputation on the line. People called me crazy. Even my own publisher said I was insane.
Bitcoin and ether are up an average 3,686% since I recommended them in 2016. And the overall crypto space has grown from $8 billion to $350 billion since then – that’s more than 40 times what it was four years ago.
Here we are at the dawn of a new decade… and the world is starting to wake up to the power of blockchain tech – just like I predicted more than four years ago.
Ordinary investors jumped in on the first wave of internet adoption, while institutional investors caught the second wave. We’re seeing the same scenario play out in blockchain.
As I’ve been saying, now is a great time to own not only bitcoin… but also some of the top altcoins. You can find a list of the most popular ones here.
Editor, The Daily Cut