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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 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.