Do you have a desire to learn more about blockchain technology?
For those of you who don't know, blockchain is the underlying technology of cryptocurrency and NFTs.
In this blog, I talk about how I'm investing in the infrastructure of crypto, NFTs, and blockchain.
Please keep in mind that I am not suggesting that you should invest in these companies. I merely want to share what I'm investing in. If it benefits you, fantastic.
On that note, let's dive into the world of blockchain technology!
Watch the video below:
(Click here to watch on YouTube)
[smart_track_player url=”https://stream.redcircle.com/episodes/1123da51-5f94-4263-b30b-80edb0c40e00/stream.mp3″ background=”default” ]
Are you ready to start managing your money so you have more to invest? CLICK HERE to get instant access to my FREE financial tracking video and spreadsheet!
I've made A LOT of money from cryptocurrency.
I buy and hold Bitcoin, Ethereum, and a variety of altcoins, long-term. I like cryptocurrency as an asset class, especially during this time of inflation. A lot of people are saying that Bitcoin and Ethereum are digital gold and silver. Moreover, it's the one asset class that has out-performed the S&P 500 and any other investment over the last ten years.
Currently, there are trillions of dollars invested in crypto. Whenever you can invest in the infrastructure of something, in this case, crypto, you know you're sitting on a great opportunity. Whenever I've benefitted from the growth of crypto, I've also looked at how I can get exposure to the infrastructure of crypto, like non-fungible tokens (NFTs).
Trying to explain what NFTs are can be confusing. I highly recommend that you watch this funny SNL skit where they attempt to explain them. I believe that NFTs will be a huge part of our future which is why I'm starting to invest my money in blockchain technology.
NFTs will allow you to authenticate and own the rights to a lot of digital and physical assets. Here are two ways that I've been getting exposure to the infrastructure of crypto, NFTs, and blockchain.
1. Coinbase Global Inc (COIN)
When Coinbase went public on the U.S. market I invested in it. Coinbase is the biggest exchange for buying, trading, and selling crypto.
When a company does an IPO and they go public it's usually overvalued at a much higher value than what they are worth. When this happens, I buy and hold a position in it. Coinbase has dropped down recently. I saw this as an opportunity to buy more stocks.
2. Immutable Holdings Inc. (HOLD.NE)
I learned about this Canadian company from Kevin O'Leary who is a well-known investor and a personality in the financial space. I've always liked to listen to what he has to say. He's a smart investor. If you watch Shark Tank you probably know him.
I came across a YouTube video where Kevin interviews the CEO of Immutable Holdings, Inc., Jordan Fried. Immutable Holdings, Inc. just went public in Canada on the NEO exchange. They invest in the infrastructure of crypto and NFTs. It owns NFT.com.
That's a really valuable asset. Essentially, this company is going to be building a platform where everybody buys and sells NFTs. In the video, there were a few things that Kevin O'Leary shared that resonated with me, which inevitably led me to invest in this company.
Watch the video above where I share my brokerage account and show you how much money I've made with these investments!
As I expressed above, Immutable Holdings, Inc. is currently only available on the NEO exchange in Canada. Most brokerage accounts, depending on where you live, allow you to get permission to buy on other exchanges. If you live in the U.S., you can buy in the Canadian exchanges.
There can be a hoop to jump through to buy an investment like this one. Thus far, I've invested $10,000 Canadian into this company. My total returns in the last few days have been 129%. Thus, I've made $13,000 so far.
This money is unrealized, meaning that I don't make it until I sell. However, I don't plan on selling. Rather, I plan to hold, long-term. I see this as a great long-term investment for me.
This is how I'm investing in some of the infrastructures of blockchain, crypto, and NFTs.
I believe that blockchain technology is the future. Nevertheless, when it comes to investing, you must do your research, understand your tolerance for risk and make investment decisions that best serve you. On that note, happy investing!
Are you ready to start managing your money so you have more to invest? CLICK HERE to get instant access to my FREE financial tracking video and spreadsheet!