I hope you had the chance to catch my recent interview with legendary investor Frank Holmes. We talked about the need for investors to look beyond struggling cryptocurrencies to understand the enormous potential of the blockchain – the technology "underneath" that makes crypto work.
What kind of potential? Well, I believe – conservatively – that the technology could impact some $8 trillion in global transactions
See, the world's total GDP runs at around $80 trillion a year. And blockchain tech could eventually underpin all of that buying and selling.
But I'm only assuming blockchain grabs a 10% market share of systems that have been archaic and outdated for years now.
Here's the thing. As amazing as it sounds, trillions of dollars in trade each year still relies on rickety, less-than-totally-secure computer networks and, in some cases, even paper contracts!
Thanks in part to blockchain technology, that's all about to change. In a big way.
That's why today, I want to show you four industries where blockchain technology could add security and transparency – and greatly reduce business costs. I think this could boost bottom lines to the tune of $21 billion in 2019 alone – another conservative estimate – for the innovative firms using this technology.
This is the kind of "strategic info" that could make you look smart at your office Christmas party or next family gathering.
Better yet, put it to use wisely, and it could help you pinpoint your next few triple-digit winners – and that'll be even more fun to share with friends and family.
So check it out…
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.