My role today is that of a Southern Baptist preacher, leading the congregation to the riverside, where I aim to baptize believers in the waters of truth.
And that truth?
Well, I’ll let several headlines serve as my pre-baptismal sermon:
- Brazil rolls out blockchain-based digital ID (the blockchain is the cryptographically secured digital highway on which all cryptocurrencies operate.)
- UBS and Ethereum team up to revolutionize money market funds. (That’s taking shape in Singapore).
- PayPal applies for NFT marketplace patent for on-chain or off-chain asset trading (NFTs are non-fungible tokens, those one-off, one-of-a-kind cryptos that look like pieces of digital art.)
- Central Banks Successfully Test Cross-Border Trading of Wholesale CBDC Using DeFi (CBDC is a Central Bank Digital Currency, and cross-border trading is essentially international trade).
- Federal Reserve Embraces Tokenization? Exploring The Implications Of Their Latest Paper (tokenization is turning assets such as stocks and bonds into digital assets traded on the blockchain).
- The BlackRock ETF is a $98 billion vote of confidence for bitcoin.
- Bitcoin blockchain ensures election integrity in Guatemala.
- About 93% of global central banks are exploring digital currencies – and that could boost de-dollarization, a report by IMF staff says.
I could go on. I mean, those are the headlines I collected from just the last 10 days. But I’ll stop there and say, “Can I get an ‘Amen?'”
For those who did say Amen, church is over. You can go home now and dry off. You have the spirit in you, and you know where we’re going.
For those wondering how you accidentally ended up at a riverside revival focused on cryptocurrency, this sermon is for you. You’re not here by accident. The crypto gods wanted you here today to hear this message.
And that message is contained in all those headlines above: The entire world is going crypto. Disregard that truth and you will miss out on life-changing wealth.
Look, it’s easy to ignore the obvious. To dismiss that which you don’t understand. That which you think is bogus. That which the traditional media tells you is a Ponzi Scheme or a scam.
But I ask you to reconsider the idea of cryptocurrency through the lens of those headlines.
Don’t listen to the media. Don’t listen to friends pushing it or panning it.
Hell, don’t even listen to me.
I’m just a riverside rabble-rouser trying to sell you on a dream—my dream.
For this to work, you need your own dream, because that’s the dream that will fuel you in the years ahead.
And I want you to begin shaping that dream based on the message of those headlines.
All over the world, governments, agencies, multinational corporate giants… they’re all adopting cryptocurrencies and blockchain. And they’re doing so for a few primary reasons:
- Security: Hacking the bitcoin blockchain, for instance, would require computing power that doesn’t yet exist. Based on what’s available today, a hacker, or even an army of hackers, would need a quantity of years markedly more than the Earth has existed in order to hack bitcoin’s network.
- Trustless: Blockchains are wide open, meaning anyone can see the transactions. As such, there’s no need to trust anyone anywhere in the process. Crypto users are placing trust in the technology and the processes that power the transactions. Middlemen are the dinosaurs of the 2020s (I’m looking at you, Realtors.)
- Speed: Blockchain technology allows transactions to clear in seconds, if not milliseconds. A corporate finance team needing to send money to suppliers on another continent could use the blockchain to send an unlimited amount of money and know that it will arrive at its destination seconds later. Using traditional banks as they exist today would take days, and face potential challenges in the process that delay the transaction.
- Cost: It’s minimal. I’ll use the same example of a company sending money to a supplier overseas. Through traditional finance, sending $1 million today will cost $4,000 or more in fees. Sending that same million on the blockchain costs fractions of a penny.
- Opportunity: Blockchain and crypto, as well as NFTs open up entirely new ways for companies to advertise and market to their customer base, or to earn a revenue stream, including ways that have never existed and which bear zero or minimal cost.
As with the headlines above, I could go on.
Instead, I’m saving all of that for a bitcoin/crypto masterclass I’m building for Boomers and Gen Xers. We didn’t grow up with technology like our kids and grandkids did. The height of technology when I was a kid was the Atari 2600 video game system and my grandparents springing for cable TV with 13 channels instead of three (plus that shitty UHF station that never came in clearly).
Still, none of that means we’re locked out. Just means we have some catching up to do on the learning front. That’s the aim of the masterclass (I’ll let you know when it’s ready to go).
The point here is that governments and companies all over the world are sending us all a message that crypto is the future. They’re all adopting crypto for all kinds of purposes. Brazilian ID cards… Guatemalan election security… A tokenized version of money-market funds that exist and move around on the blockchain.
PayPal is even creating a new marketplace for NFTs because it sees that NFTs are going to be so much more in the future than just pictures of cartoonish monkeys.
Even the Federal Reserve is looking to tokenize investment assets because it sees greater efficiency and vast cost savings.
Like I said, don’t listen to me. I beg you not to listen to me.
But do listen to the messengers I am bringing to you.
They’re the ones preaching the real sermon.
Heed their message… and real wealth awaits.