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David Zeiler and I have known each other and worked together for 20 years now. We worked together at The Baltimore Sun, and I hired Dave here when I helped launch and then ran Money Morning.
We've become good friends.
I've become one of his biggest admirers.
Indeed, I even started a kind of "running gag" with Dave on Twitter, where we're both active users. Anytime I see Dave post something substantive about Bitcoin or other cryptocurrencies, I "reply" with some variation of this tweet:
#Attention: If you aren't following @moneymorning #cryptocurrency editor @DavidGZeiler, then you really aren't following #bitcoin or #ethereum or the #blockchain. Dave is a #mustread/#mustfollow expert on #cryptocurrencies.
Here's the thing...
While I admit that this is a "running gag" between us, what I'm actually saying is no joke.
No joke at all.
In just a few short years, Dave has become one of the most prescient, most widely read chroniclers on cryptocurrencies. He's part of the amazing "bench" that Publisher Mike Ward has built here at Money Map Press - and underscores why we're "investment idea leaders" in areas like technology, cryptocurrencies, energy, medical marijuana, options trading (and trading systems), and wealth creation.
That's why I invited David to talk specifically about Bitcoin and cryptocurrencies.
Dave amassed his expertise the "right" way - through immersion. He was one of the early Bitcoin "miners" - back when it was still possible for an individual investor to be a go-it-alone cryptocurrency prospector.
Since then, as an Associate Editor at Money Morning, Dave has become one of the industry's foremost writers/analysts about all things related to cryptocurrencies.
And he's made some stunning calls along the way.
In early 2016, when Bitcoin was trading at $450, Dave predicted - on the record - that the crypto coin could zoom to $2,000 - and then go higher from there.
Much higher.
As we know now, Bitcoin did soar - just as he predicted. It zoomed past $19,000 before the crypto market collapsed.
When we last talked to Dave, it was during the big Bitcoin sell-off early in the year.
As part of the activities here at 2018's midpoint, I thought Dave would offer some terrific insights about what to expect in the last half of the year.
He didn't disappoint...
About the Author
Before he moved into the investment-research business in 2005, William (Bill) Patalon III spent 22 years as an award-winning financial reporter, columnist, and editor. Today he is the Executive Editor and Senior Research Analyst for Money Morning at Money Map Press.
Ok
Very interested
Thank You for an interesting article. The gentleman sounds as though he does have a a rudimentary understanding of crypto and blockchain. Unless he has a staff that fully understands the technology and can keep up to date on the maybe 100 projects that offer real value to the industry then he like so many others are relying on black swan events and the gentrification of these projects in order to see price increases.
This article greatly underestimates the power of the blockchain! While destructive behavior on the part of governments and mainstream industries continues to grow, blockchain will harness the wills and desires of billions of people around the world. This technology can not be shut down by any centralized authority. This is a fact and I believe we are seeing more and more industries and governments, dictators and authoritarian leaders panic realizing this fact. The so called Jeanie is out of the bottle.
HOw do you rate OneCoin as an investment?
Mark,
Thanks for reading Money Morning. It's pretty well accepted at this point that OneCoin is a Ponzi scheme. So it's not really an investment at all, but a scam in which almost everyone loses their money. I believe most, if not all, crypto exchanges have banned OneCoin by now.
Cheers,
Dave Zeiler, Associate Editor, Money Morning
How about investing in doge coin