That amazing rise shows the power of our tech-centric economy.
Today, I want to talk to you about an investment that’s quickly giving Amazon a run for its money… in a fraction of the time.
It’s not a stock, but it is an investment I personally recommended.
Almost no one on Wall Street or in the financial press believed in the cryptocurrency Bitcoin back in 2013. At the time, Bitcoin was subject of a steady stream of negative stories.
Almost of all of it had one basic – yet incorrect – premise: that Bitcoin was a passing fad that was bound to hurt investors.
But had you bought Bitcoin back when I first talked about it, holding through its many ups and downs, you could have made peak gains of 2,850% in just 4.5 years.
Bitcoin Alternative Mirrors Historic Surges
Trading currencies is quite different from tech stocks.
But even with my longtime focus on Silicon Valley as a tech analyst and insider, this other area is by no means an odd fit.
You see, in college I earned an honors economics degree. In fact, I wrote my honors essay about monetary economics under the guidance of a senior official with the Federal Reserve.
IN THE KNOW: This company controls three world-class Tier 1 deposits. [And the “mainstream” doesn’t know about them.]
I went on to become a senior analyst with the trade journal American Banker, the “bible of banking.” I also wrote a book on the nation’s savings and loan crisis.
In short, following money comes naturally to me. And when I first heard about Bitcoin, it quickly grabbed my attention.
This new digital form of money combined my deep expertise in both money and technology… so I jumped on board with a huge passion.
The 2013 Bitcoin Play
When I first started talking about Bitcoin back in early 2013, it was trading for just $100. Yes, after peaking at nearly $1,200 at the end of that year, Bitcoin plummeted on a sell-off.
I’ve lost count of how many Bitcoin “obituaries” I’ve read, but it’s in the hundreds. But that was one of those moments – perhaps the last one – when those early naysayers looked like they could have been correct.
All along the way, however, I kept telling investors to keep the faith because Bitcoin was set to become key technology that would spread far beyond early traders.
And that’s just how things have played out…
Bitcoin recently peaked at around $2,950. Had you gotten in when I first started talking about this new digital money, you’d have made roughly 2,850% in about 4.5 years.
Even if you had bought back at the previous high and watched it crash, you still would have made peak profits of 152%.
The reason has to do with why I got involved in the first place. Bitcoin isn’t just a digital form of money. It’s also great technology. And it’s all because of the platform that supports it – the blockchain.
The Blockchain Is Gaining Ground
See, the blockchain is like the “grids” that allow you to make credit card purchases, transfer money between banks, or buy stocks through online brokerages.
But the blockchain has a huge advantage. It’s a peer-to-peer system in which one computer “talks” to another. In other words, no central bank or government gets between the traders.
This decentralized aspect of the blockchain makes it ripe for a wide range of industries all over the world.
And that why major banks, investment firms, and big tech leaders are now making daily use of Bitcoin. It’s among the reasons for Bitcoin’s huge rebound and unlimited future.
If you missed Bitcoin’s huge run, don’t worry. I believe that what I call the “new Bitcoin” has emerged. And it may have even more of an upside.
The “New Bitcoin” Surges Through the Spring
At the end of March, this Bitcoin alternative traded for just $15. It recently topped out at around $385. That’s peak profits of 2,466% in around 10 weeks.
But you see, the next Bitcoin is not just a just digital currency. It’s a massive distributed computing system.
Unlike Bitcoin, the new kid on the block is what experts call “Turing complete,” meaning it ranks as a global, programmable network. That’s why so many companies are jumping on board.
Last year, International Business Machines Corp. (NYSE: IBM) said it was using this Bitcoin alternative in its Autonomous Decentralized Peer-to-Peer Telemetry (ADEPT) system. ADEPT is a decentralized form of communication between devices connected via the “Internet of Everything.” IBM also sees possibilities for this digital currency in its cloud business.
So does Microsoft Corp. (Nasdaq: MSFT), which has adopted the new Bitcoin for use in its cloud business. Microsoft even has a special name for it: Azure Blockchain as a Service (BaaS).
Big banks also have taken a liking to this emerging tech and currency force. JPMorgan Chase & Co. (NYSE: JPM) used it to create a tool called Masala that enables communication between the new Bitcoin’s blockchain and the bank’s internal databases.
If you you’re wondering how you can profit from this vital new digital currency, you’ve come to the right place.
I recently finished up a special report on this very topic for my paid-up Radical Technology Profits members. As part of that, I even went so far as to talk with one of the new Bitcoin’s creators.
His insights only bolstered my belief that this digital currency and platform will easily rival that of Bitcoin’s profit potential.
Because we’re in the early days of this new investment frontier, you should be aware that it is bound to be volatile as it marches higher. But there are ways to maximize your returns while minimizing your risk.
That’s why you’ll need me as your investing guide when the time comes.
Soon enough, I’ll be revealing more about how to approach and buy what has quickly become one of the hottest and most exciting plays in tech today… one that could help you dramatically improve your net worth.
It’s truly a technology that could put you on the road to wealth.
Strategic Tech Investor: Stats Confirm: The Road to Wealth Is Still Paved by Tech.