The Quadrillion-Dollar Market
Posted September 03, 2021
“We’re in the third inning,” James Altucher said during a recent private call. “This is going to be a quadrillion dollar market. The smart money knows this. But smaller investors have to play it smart.”
OK… I know what you’re thinking.
Yes, we’ve been talking a lot about crypto lately.
But it’s for a good reason. James and I are working on one of our biggest projects yet… and we can’t wait to share it with you.
It’s got everything to do with several massive trends converging in the 2020s… and how you can get ahead of the herd.
During our call, James and I both agreed on three fundamental shifts in the crypto market:
1. Inning one for the cryptocurrency market is over.
2. Inning two, where we’re at now, is laying the foundation for inning three, which is where real wealth will be created.
3. Smart investing and patience will win out in three. Not luck.
Inning One: The Year of the ICO
2017 was, in many ways, the year of the initial coin offering (ICO).
It was like an IPO for crypto projects. Except they gave no equity, just coins.
If you were lingering around the space in 2017, you know the deal…
Teams of developers (and yes scammers) that couldn’t raise any money the traditional way went with the ICO route -- and many of them raised tens or hundreds of millions of dollars.
For the record, out of principle, we never talked about any ICOs back then. 99% of the time, the only people who made money were those who got in before the ICO.
They were the ‘advisers’ and investors who got tokens for free or for 90% off. By the time the ICO happened and the small fish got in, the early guys dumped on them and ran. We saw this happen early on and began warning people NOT to do any ICOs.
Also, the writing was on the wall. We knew the regulators were going to step in on ICOs.
Sure enough, they did.
Inning Two: Regulatory Shakedown
Inning two arrived when the SEC announced they could consider all token ICOs securities.
“The force that pushed us into the second inning,” James said, “was the SEC – when they announced that they could consider all token ICOs securities. In other words, tokens could suddenly be treated like stock offerings. People go to jail for violating these laws. So it’s not surprising that the freewheeling, unbridled money grab dried up.
This was necessary if we wanted to see this new asset class become an established part of commerce, law, and finance. As much as we love the thrill of being in the Wild Wild West, crypto would’ve remained in the fringes without clear signals from regulators.
Although decentralized exchanges (DEX) are on the rise, regulation of location-based exchanges was all but inevitable -- which is why exchanges like Binance have been nimble on their feet, moving from country to country when it suits them.
Inning two, then, is about accumulating the best -- those that’ll weather the regulatory storms and come out stronger.
Which lays the foundation for inning three…
Inning three: Flooded With Institutional Capital
The smart money has been inching into this space for years. The past two years have seen an explosion of investment.
All of this is small potatoes compared to what’s coming next. This won’t happen overnight.
“Smart money managers, banks, and financial firms are positioning themselves to invest in cryptocurrencies. But they have strict regulations regarding how they invest, audit trails, how investments are secured and held, and the way they must securely store their investments.”
And, while the infrastructure is being built out, you have the opportunity to get in while the sentiment is still fairly low.
Bottom line? Welcome to inning three. It’s presenting a heck of an opportunity for those who missed the chance to get into cryptos during the first phase of growth. This kind of opportunity will not come later as the crypto market matures.
Inning three is the convergence of the major trends, making up what’s set to become a QUADRILLION dollar market:
→ Decentralized exchanges
→ Web 3.0
→ Crypto gaming
→ And more…
While it seems everything is crumbling down around us, it’s not all doom and gloom.
The future is bright, especially for those who see what’s coming.
Stay tuned for more details on our latest project.
Gonna’ be a BIG one.
Managing editor, Laissez Faire Today