By Teeka Tiwari
This post Blockchain: A Technology Whose Time Has Come appeared first on Daily Reckoning.
They thought I was nuts…
It was 2003. I was moving from my retail money-management business to managing an exclusive hedge fund.
My parting gift to my retail clients was Apple (AAPL). But not everybody was on board. When I told them about Apple, they thought I was crazy…
Many of my clients were skeptical. I understood why.
At that time, Apple was trading at the same price it had been in 1982. The stock price had done nothing in 21 years.
But I knew Apple had a new technology in the pipeline…
It was the iPod.
Up until then, you could only use the iPod on an Apple Mac. In 2002, Apple announced that it was finally rolling out a PC version.
This was a huge shift…
All of a sudden, the hottest music player in the world would be available to the biggest pool of technology buyers in the world. This was a no-brainer investment.
Why didn’t everyone jump on it?
The reason is simple: Apple was deeply misunderstood. People saw the iPod as a niche product.
I saw the iPod as the next generation’s Walkman. (The Walkman was a personal cassette player made by Sony. It dominated the 1980s.)
The clients who believed in me had the chance to make a small mint.
Over the next decade, a $10,000 investment would have ballooned to nearly a half-million dollars. The iPod was once a disruptive technology. It almost single-handedly killed off the compact disc (CD).
It was one of those rare opportunities to make a fortune on a truly groundbreaking idea.
Now, I don’t recount this story to brag… I want to show you why it’s so important to get into a revolutionary idea as early as possible.
The results can be life-changing…
For a while now, I’ve been on the soapbox preaching the virtues of cryptocurrencies. I’ve been so bullish on them that I’ve even received letters from my subscribers calling me “obsessive.”
And that’s fine. I understand why it may seem that way to you.
But consider this…
I had to drag my retail clients kicking and screaming into Apple back in 2003. If I wasn’t so “obsessive” then, they would have missed out on the iPod 49:1 money train.
So there’s a reason for my bullishness. I don’t want you to miss today’s opportunity before it slips away. And time is running out…
The game-changing technology I’m referring to is called the blockchain.
The blockchain is the backbone of the cryptocurrency industry. It tracks the transactions of digital money like a traditional ledger tracks bank transactions.
Here’s why the blockchain will be so revolutionary…
Today, it’s the transaction system for the burgeoning digital currency industry. But soon, you’ll be able to conduct all kinds of other transactions on the blockchain — from trading stocks to buying real estate.
And you’ll be able to do it in a fraction of the time and cost that it takes to do them today. Here’s an example of what I’m talking about…
Last September, I told my readers about the …read more
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