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I can't tell you how thrilled I was to hear from my friend Frank Holmes.
For those of you who don't know him, Frank has won numerous awards and accolades as the CEO and Chief Investment Officer at U.S. Global Investors Inc. (Nasdaq: GROW).
It's a boutique investment management firm specializing in actively managed equity and bond strategies. Frank and his company also are some of the savviest folks in the world when it comes to metals and mining.
That's the reason I started following his career in the first place. Fact is, I have been involved with strategic metals and minerals most of my adult life.
Turns out, Frank and I have one more thing in common. Both of us are big believers in the disruptive power of blockchain technology. Indeed, Frank and his associates recently interviewed me for a profile that I republished, and which you can access here.
In particular, Frank's editors wanted to get my take on where the blockchain is headed.
It's not much of a surprise, really, as many folks we chat with here also have questions of their own about what blockchain technology is, and what it represents in terms of its profit potential.
That's why today, I'm going to fill you in on what Frank and I discussed in the interview.
And I'll go further and explain what I see as the big opportunities that lie ahead with blockchain tech…
Check it out…
A Fateful Meeting
I had the good fortune to meet Frank in late October at Money Map Press' Black Diamond Conference. We started by appearing together on stage for a roundtable talk.
After that appearance, I made sure to attend both of his investor presentations. They were great, but I particularly enjoyed his talk about cryptocurrencies and the blockchain.
Frank later attended my presentation on cannabis investing, in which I also talked about my track record of being one of the first analysts in the nation to suggest folks buy Bitcoin back in the summer of 2013. At the time, Bitcoin was trading at about $90; it topped out last year at $19,700.
So I can't tell you how flattered I am that Frank wanted to hear more of my thoughts on blockchain technology. Of course, there is no way we could cover it all in that conversation.
More to the point, over the last few weeks, I have gotten many questions about this topic. People just have a hard time getting their minds around it.
I understand why, and I'll try to clear up some of the confusion in today's chat. But first, I want you to know what's at stake here.
Gartner says blockchain technology created $4 billion in business value in 2017. The firm believes the figure will hit $21 billion by 2020, before rising to $176 billion in 2025, and onto a staggering $3.1 trillion by 2030.
Unfortunately, despite all the money up for grabs here, the average investor finds blockchain technology hard to understand. So today, I'll do my best to simplify it.
What's the 'Blockchain'?
Let's start by stating that there is no such thing as "the blockchain." In reality, there are lots of these in existence today. Some are private – think enterprise blockchains among a consortium of firms in the supply chain business – some are public, like Bitcoin (BATS: BTC) and Ethereum (BATS: ETH), and some are hybrid systems. Many are tied to specific cryptocurrencies, again, like Bitcoin and Ethereum.
Another point of confusion is blockchain's affiliation with Bitcoin. While it's true to say that we would not have Bitcoin without that underlying technology, there is so much more to it that any single form of digital money.
About the Author
Michael A. Robinson is a 36-year Silicon Valley veteran and one of the top tech and biotech financial analysts working today. That's because, as a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs, scientists, and high-profile players. And he brings this entire world of Silicon Valley "insiders" right to you...
- He was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon.
- He was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
- As cyber-security was becoming a focus of national security, Michael was with Dave DeWalt, the CEO of McAfee, right before Intel acquired his company for $7.8 billion.
This all means the entire world is constantly seeking Michael's insight.
In addition to being a regular guest and panelist on CNBC and Fox Business, he is also a Pulitzer Prize-nominated writer and reporter. His first book Overdrawn: The Bailout of American Savings warned people about the coming financial collapse - years before the word "bailout" became a household word.
Silicon Valley defense publications vie for his analysis. He's worked for Defense Media Network and Signal Magazine, as well as The New York Times, American Enterprise, and The Wall Street Journal.
And even with decades of experience, Michael believes there has never been a moment in time quite like this.
Right now, medical breakthroughs that once took years to develop are moving at a record speed. And that means we are going to see highly lucrative biotech investment opportunities come in fast and furious.
To help you navigate the historic opportunity in biotech, Michael launched the Bio-Tech Profit Alliance.
His other publications include: Strategic Tech Investor, The Nova-X Report, Bio-Technology Profit Alliance and Nexus-9 Network.