Vitalik Buterin is the 27-year old co-founder of Ethereum whose net worth is around $1.46 Billion. He studied the Bitcoin model, saw its limitations and expanded it with Ethereum. He saw the possibility for decentralized networks beyond just peer-to-peer currency exchange. Ethereum allows developers an opportunity to be uniquely creative with decentralized apps—dApps as they are called. Basically, Ethereum allows developers to create new markets, store registries, contract conditions and debts, using blockchain technology.
But as I always like to say, unless you are wanting to be a developer, you don’t have to fully understand it, to see investment possibilities. I have no idea how Tesla makes electric vehicles, but it didn’t stop me from buying a few shares of stocks when it was trading for the low three digits and seeing what happens. Well I apply that same thinking to cryptocurrencies or blockchain technologies. I am no investment guru and I offer no investment advice, but Cathie Woods is thought to be an investment guru by many in the investment industry.
Cathie Wood is founder of ARK Investment Management LLC (“ARK”). She was born of Ireland immigrants and is said to be one of the world’s best stock pickers and innovative thinkers. ARK is a global asset manager that specializes in investing in disruptive innovations and technologies. Prior to creating ARK, Cathie Wood worked for twelve years at AllianceBernstein as Chief Investment Officer of Global Thematic Strategies, managing over $5 billion in investments.
Cathie Woods believes in her vision and she was willing to stake her entire career on it. In 2014, while at AllianceBernstein, Cathie Wood had an idea to manage exchange-traded funds (EFTs) based on disruptive innovation. This idea was deemed too risky by the powers to be at AllianceBernstein, so Wood left safety of a plush job and founded ARK. According to Wood, she named her company after the “Ark of the Covenant” in the Bible. Whatever inspires you to trust yourself and step out on your own, use it to make your move.
ARK invests “solely in disruptive innovation.” ARK’s EFTs and sectors include “ARK Disruptive Innovation, Autonomous Tech & Robotics, Genomic Revolution, Next Generation Internet, ARK Early Stage Disrupters, Fintech Innovation, Space Exploration, Mobility-as-a-Service, 3D Printing, ARK Transparency, 3D Printing, Israel Innovation and Crytpocurrency.”
Crypto and the blockchain technology that makes crypto possible is definitely disruptive and innovative. We talking digital monies ya’ll - who knew the almighty paper dollar could ever possibly be challenged.
Crypto right now is taking a beating in the market. This means prices are getting lower sometimes by the day. But this DIP as some like to call it, might just be an opportunity for you to invest a few dollars.
As I am writing this, Ethereum is trading at $2368.13 per ether and Bitcoin is trading at $36,218.79 per bitcoin.
According to ARK, the second-largest cryptocurrency, Ethereum, will surpass a $20 trillion market capitalization by 2030. WOW! This means that 1 ETH could be priced at $170,000 to $180,000. This means that 1 ETH trading today around $2368 would have to increase by 7200% to meet ARK’s target growth amount.
If her investment target is even half possible, an investment today in ether could be a financial game changer for you by 2030.
Wood believes that Ethereum could “displace many traditional financial services” as the market of decentralized finance gets more popular. She believes “ether” as Ethereum’s native token is called could compete as a “global currency.” This is saying that ether could compete with the dollar, the yen, pound, franc, euro, etc.. That’s a tall order like one of my ole friends likes to say.
ARK senses a shift occurring in the financial service markets. Her report said that “as financial services move on-chain, decentralized networks are likely to take share from existing financial intermediaries.” Wood believes ether will be a primary beneficiary of this shift.
And let’s not forget about Bitcoin. Wood estimates that a price of a single bitcoin could exceed $1 million by 2030. WOW! WOW! WOW!!
These are high forecasts. And remember a forecast is just a guess. She could be wrong, an investment in ether or bitcoin today could go to $00.00 tomorrow. May thought bitcoin was going to $100,000 by the end of 2021 and you say where it is at right now.
Ether has decreased in value more than 22% this past week and is well below its high of $5000 that it had reached in November 2021.
Bitcoin has fallen more than 50% since its all time high of $69,000 in November of 2021. JP Morgan no longer believes that Bitcoin has the capability of meeting its $150,000 per bitcoin long-term target.
Cryptocurrency and technology stocks so far in 2022 has been on a losing streak. Most people are getting out selling their crypto and their tech stocks and putting their money in the perceived safety of the bank. I get the fear.
But investing in high volatility stocks and cryptos require a willingness to play the long game, and the endings like baseball are many. You can’t let the DIP cause you to tap out run for the hills. The money is already invested. The risk has already been taken. If you are already in it, let it ride and let us see where it goes. If you are not in it at all, the DIP is here for you to get in at a lower price but it probably will not stay. But who knows!
MAYBE CATHIE WOOD IS WRITE OR MAYBE SHE IS WRONG. We can never win or lose, if we don’t get in the game.
Listen to an short folk tale on the power of “MAYBE”
GRAB YOUR COPY OF JUSTIN CARSON’S MANIFEST DESTINY JOURNAL