Recently, I wrote a review of #BlockVest, a new crypto-hedge fund based in the USA. And it got me thinking. It was like a bell went off in my mind and has focused my thinking about crypto-investments. And where the market is heading.
After I wrote the BlockVest article, I posted it in their telegram channel and got into a conversation with the CEO, Reginald Ringgold. A dapper, pink tie wearing CEO who can hold his own in an interview.
He told me some interesting little facts about Donald Trumps sweeping changes regarding regulation in the US. Massive news that has yet to really materialize in the crypto markets. But when it finally does, you can bet that the crypto world will have a much stronger foundation than it has ever had.
I am still digesting the conversation with the BlockVest CEO because the ramifications are big for cryptocurrency investors. As there was a lot said in a very short space, no one blog post will cover it all. So I will break it all down over a series and air my thoughts on the direction of the crypto market.
The reason I am interested in what the BlockVest CEO had to say ( other than the fact that BV will be offering #Masternode pools ), is that his news was in exact alignment with my own market predictions. And what I foresee as the trend in crypto, and therefore, where the investment opportunities are.
Mass Adoption & Buying Habits
What I want to talk about in this post are 'the current vs future buying habits for crypto' and retail buying habits over the next 5 years.
At the time of writing, you can either buy coins through places like #CoinBase or via an exchange.
- The first one is very simple and has been set up for newbies.
- The second one is complex and has been set up for serious investors.
These are really the two main ways to buy crypto. But in future these won't be the main ways to obtain crypto as the technology evolves and products are developed.
That's the current market. Let's look at the next 5 years.
Demographics
This is a rough, bare bones sketch of the demographics as I see them. It is also how I spread my crypto-investment portfolio. Across these sectors.
- Age 6-11 - Computer games like #PigzBe will be where kids get their crypto.
- Age 12-17 - Messaging apps with integrated crypto payments like #Facebook will be where teens get their crypto.
- Age 18-29 - Universal, mobile wallets with FIAT gateways like #Ethos will be where millennials get their crypto. As this will be where you can pick up your paycheck and manage your banking.
- Age 30-49 - Crypto hedge funds like #BlockVest, where you can buy a pre-packaged basket of crypto-assets, will be where anyone thinking of 'escaping the 9-to-5' will get their crypto.
- Age 50-60 - Banks will be where the 50's to 60's who are planning for their retirement will get their crypto. They will offer 'Bitcoin savings accounts', a watered down investment that will be marketed as 'safe' and 'risk free'.
Right now, cryptocurrency is 'just setting up shop' and so the infrastructure is not yet in place for 'easy buying'. Or easy spending via eBay, etc. Crypto is not a normal practice as you have to go out of your way to buy it.
But it soon will be normal.
Crypto-Hedge Funds Innovate, Banks Ride the Bandwagon
One thing to note about my predictions is that the retail banks will be slow to offer crypto products, lagging behind the hedge-funds and investment houses who will pioneer the retail investment space.
It will be the investment houses like BlockVest that pave the way for retail customers and the banks will merely copy their playbook and roll it out to their customers. In other words, the banks won't beat companies like #BlockVest to market. They will simply ride on the bandwagon, be late to the party... but will advertise Bitcoin like they invented it.
Thanks for watching,
Brendan Rohan - Indie developer of 'next gen' natural medicine from Melbourne, Australia
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DISCLAIMER: This article and all information on this channel & all content is offered purely for educational & entertainment purposes. Always do your own research when investing money and seek the help of a registered financial advisor.