So let’s start with one of the biggest positive developments in the industry; the fact that the owners of the New York Stock Exchange (ICE), are launching a new crypto-asset exchange in Q1 of 2019 called, Bakkt…
Bakkt is designed to serve as a scalable on-ramp for institutional money, (banks, hedge funds, brokers, etc), merchant providers, and consumers by promoting greater efficiency, security, storage, and transfer of digital assets.
Large banks, institutions, and fund managers won’t commit major investment dollars into this industry through exchanges like CoinBase, Binance or Bittrex. They are dealing with trillions of dollars, which requires the levels of security, settlement, and insurance that Bakkt will bring to the table.
This is a HUGE deal, and as I mentioned yesterday, Starbucks has partnered with them to enable payment in Bitcoin from within the Starbucks mobile app.
2: Fidelity Opens Crypto Exchange
We’ve all heard of Fidelity. They are the 5th largest asset manager in the world, with 27 million customers, and $7.2 Trillion in assets under management.
Well Fidelity has launched a second company called, “Fidelity Digital Assets”, to provide enterprise-grade custody solutions, trading platform, and advisory services to their 13,000 institutional clients.
Fidelity is opening up their $7.2 TRILLION dollars in assets to crypto, and will soon give their 27 million customers the ability to buy Bitcoin through their 401K.
3: Ohio Starts Accepting Bitcoin for Tax Payments
4: Adoption of Square’s “Cash App” Surges on iTunes
5: World’s First Full-Scale Political Election Held on Zcoin Blockchain
6: German’s Second Largest Stock Exchange Plans to Launch Crypto Trading in 2019
7: Binance Crypto Exchange Surpasses Nasdaq And Deutsche Bank Growth and Profits In Less Than 24 Months
8: Creation of ID-Verified Crypto Wallets Doubles in 2018
9: Bank of America Become Largest Crypto-Patent Holder
10: Salesforce Wins Patent For a Blockchain-Based Platform
11: General Motors Files Blockchain Patent For Self-Driving Cars
12: Intel Wins Patent For Energy-Efficient Bitcoin Mining Chips
13: Amazon Launches “Amazon Managed Blockchain” Service
14: 25,000+ New CoinBase Accounts Created Per Day in 2018
As You Can See, The Crypto Industry As a Whole is Just Getting Warmed-Up…
Crypto exchanges like Binance and Coinbase are already surpassing their legacy counterparts in growth and profits. The biggest players on Wall Street are setting the table for their entry into the market.
Mass use and adoption will continue to grow as companies like Square’s Cash App, and Starbucks simplify the process. And it’s clear that companies like Amazon, Bank of America, SalesForce, GM, Microsoft, Intel, are all scrambling to get involved in the industry.
The maximum number of Bitcoins that can ever produced is just 21 million.That’s it. Just 21 million.
As of today, there have been 17.4 million Bitcoins mined since it was launched in 2008, and it’s estimated that 25% of them have been lost forever on discarded computers, lost hard-drives, lost private keys, etc…
That means there already isn’t enough Bitcoin for each of the users on Coinbase alone to own a single Bitcoin. Limited supply, plus massively growing demand can only mean one thing… Bitcoin’s price will skyrocket, and right now you have the opportunity to buy it at a massive 80% discount.
Have you ever met anyone who’s gotten rich by betting against the development of technology? Betting against the development of the computer industry? The internet? Or the cell phone? Do you think it’s smart to bet against the most revolutionary technology ever developed when it comes to the global financial industry?