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Another good prediction for the price of bitcoin … today’s prices may seem like a bargain … as elite altcoins could climb even higher

Mark Zuckerberg didn’t want to be punched in the face by a six-foot-five Olympian.

It’s 2008 and the Winklevoss twins are in mediation with Facebook founder Zuckerberg.

You probably know the general story …

While they were college students at Harvard, the Winklevoss brothers came up with an idea for a way for Harvard students to connect – a social networking site initially called Harvard Connection, later renamed ConnectU.

They found Zuckerberg and commissioned him to build the site. Instead, Zuckerberg turned it into his own idea, called “TheFacebook”.

A handful of years later, Zuckerberg is a billionaire and the twins are taking legal action.

Back to mediation …

With progress nowhere, the Winklevoss twins suggest sitting down with Zuckerberg. No lawyer, no mediator, just the original parts.

Zuckerberg has tentatively agreed, but has “security concerns”.

As the story goes, Zuckerberg is concerned about being beaten by the six-foot, barrel-chested Winklevoss twins, both of whom competed in the men’s pair rowing event at the 2008 Beijing Olympics.

The solution?

A meeting with one Winklevoss, in a glass conference room, with everyone else out in the hall, watching.

As absurd as it is, it works.

Zuckerberg is offering $ 65 million in cash. Winklevoss’ attorney is ecstatic and invites his clients to accept.

But in what would go down as maybe the Winklevoss’ second smarter move of all time, they instead negotiate a deal of $ 20 million in cash and the rest of the $ 65 million in Facebook stock.

The outcome of that decision?

According to the twins, that $ 45 million allocation continued to be worth nearly $ 500 million.

Now, you may be wondering: if this is the second smartest decision of the Winklevoss, which is the smartest?

Putting $ 11 million of that settlement into bitcoin in 2013.

*** What does 11 million dollars invested in bitcoin in 2013 mean today

The Winklevoss twins early believed in bitcoin. And they have become pioneers in the world of cryptocurrencies.

They launched Gemini, which is a privately licensed digital asset exchange where investors can trade bitcoin, Ether, or other popular altcoins … They’ve been trying to bring a bitcoin ETF to market for years, but so far hindered by the SEC … And they launched Winklevoss Capital, which has invested in a number of crypto startup initiatives.

But let’s get back to the good things …

What was the result of that $ 11 million investment in bitcoin in 2013, when bitcoin was trading at a single-digit price?

From Financial Times:

As of 2011, they bought 1% of all bitcoin in circulation for a total of $ 11 million.

At the end of 2017, with the price of the cryptocurrency exceeding $ 10,000, they were worth $ 2 billion altogether …

With bitcoin now flirting with $ 20,000, that brings Winklevoss’s stake to nearly $ 4 billion.

But the twins believe that the rise of bitcoin – and their wealth – is nowhere near its peak …

*** On Monday, the Winklevoss twins predicted that bitcoin will hit $ 500,000 per coin

Appearing on CNBC, they asked for a final price of half a million dollars with a market cap of $ 9 trillion, although they didn’t predict when that might happen.

Part of the uptrend comes from the weakening dollar.

By Tyler Winklevoss:

Cash is junk … e [high-profile investors] realize it … At some point, it’s hard to look at those data points and say bitcoin isn’t an incredible store of value

On this “money is junk” note, we will add that inflation appears to be rising. Yesterday, Financial Times published an article titled “US Inflation Expectations Reached an 18-Month High on Vaccine Expectations”. And the US dollar index is now at a multi-year low.

Tomorrow we will dive into more details on inflation digestBut back to bitcoin, the Winklevoss twins aren’t the only experts predicting huge gains from here. We recently profiled a billionaire cryptocurrency investor and former hedge fund manager, Mike Novogratz, who set bitcoin at $ 65,000 next year.

Closer to home, our crypto expert, Matt McCall, has his prediction …

In a friendly bet with Louis Navellier that bitcoin or the Dow Jones Industrial Average will hit 40,000 first, Matt took bitcoin.

Keep in mind that this was on July 31st, when bitcoin was trading below $ 11,500.

Given the meteoric rise of cryptocurrency since then, you need to give Matt the edge right now (but not by much given the strength of today’s stock market).

*** But in all this bitcoin hype, what is least discussed is the wealth creation potential of altcoins

For any new digest readers, altcoins are simply “alternative” cryptocurrencies beyond bitcoin.

Altcoins Elite provide a unique twist in the crypto / blockchain / financial world that makes them truly unique and valuable.

They can also be explosive generators of wealth …

As just one example, take the altcoin, Ripple (XRP).

For much of the year it was trading for less than $ 0.25.

Until November …

As you can see below, Ripple was trading at $ 0.24 on November 1st. Just over three weeks later, it had achieved gains of around 185%, to $ 0.68.

So how can a cryptocurrency investor differentiate between elite altcoins with great wealth-creating potential versus “me too” coins that amount to nothing?

We recommend that you turn to Matt and Charlie Shrem – they are the analysts behind Crypto Investor Network.

For the most recent digest readers, Shrem – like the Winklevoss brothers – was one of the first to adopt bitcoin.

He was a founding member of the Bitcoin Foundation in 2012, which aimed to bring mainstream awareness to the digital currency world.

Over the next several years, he was advised and invested in more than two dozen digital currency companies, launched and managed numerous partnerships between crypto and non-crypto companies, and is now considered one of the most influential people in cryptocurrencies.

And yes, his early bitcoin investments made him a millionaire many, many times over.


*** While bitcoin is getting headlines today, Matt and Charlie believe there is a bigger story with some altcoins

In short, Matt and Charlie believe we are at the start of the next cryptocurrency wave, which will take the strongest altcoins many times higher.

In a recent update to subscribers, Matt and Charlie noted that our wider culture is realizing that cryptocurrencies are one of the most valuable and revolutionary technologies ever created.

And as this awareness spreads, there will be a huge rush towards this asset class, something they call “The Awakening”.

From Matt:

This awakening could single-handedly drive the price of bitcoin and many other select cryptocurrencies to levels never seen before.

If you position yourself correctly, it could give you a fortune you could only dream of before.

Now, a perspective for investors who may be cautious about the altcoin universe …

Here in the digest, we wrote about something called “asymmetric bet”. In short, this is when a position’s upside potential is much greater than its downside potential.

In other words, there is no symmetry in the risk / reward profile. Instead of risking “1” to get “1”, you risk 1 to potentially get 5 … or 50 … or 200.

If this trade-off sounds too good to be true, consider some of the historical returns we’ve seen from altcoins …

In 2012, Litecoin was up 7.483% … in five months.

During the 2017 crypto spike, Ethereum recorded cumulative gains of over 10,000%. But that was nothing compared to Reddcoin with an increase of 132.712% or Einsteinium at 262.195%.

Finally, there is Verge. In 2016 it increased by 1,362,400%.

*** The safe way to speculate with altcoins

Let’s be clear …

Most altcoins will not see such explosive growth. And even though altcoins are an asymmetrical bet, they are still a bet, which means that investors can lose money.

That said, you should be wise about investing amounts, as well as spreading your capital across a diversified portfolio of altcoins. Matt and Charlie preach these safety measures in theirs Crypto Investor Network newsletter.

But you should ask yourself: is it worth betting a small and reasonable investment, given how skewed these returns can be?

Let’s assume you were part of Verge’s 1,362,400% moon shot.

What about the amount of your investment?

$ 150, which you got by skipping the appointment a week … or that round of golf … or a dinner with your friends …

That $ 150 would have become more than $ 2 million.

This is the potential of an asymmetrical bet.

As we wrap up, some of the world’s top investors are seeing great things for bitcoin: the Winklevoss twins, Paul Tudor Jones, Stanley Druckenmiller, Mike Novogratz and Bill Miller, to name a few. But if Matt and Charlie are right, the really huge money will be made with altcoins.

Good evening,

Jeff Remsburg

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