Eight
weeks ago today, I published Article 136, Carpe Opportunitas. Therein, I
was happy to nail my cryptocurrency colours to be investment mast, confident
that four of them in particular – namely Bitcoin (BTC), Ethereum (ETH), Chainlink
(LINK) and Tezos (XTZ) – were on the verge of major gains.
You
have already guessed that my prediction was a good one. Why, otherwise, would I
refer to it now?
To
summarize:
---------------------------------------------------------------
Cryptocurrency Price
(US$) Price
(US$) % gain
token 21 Jun
2020 16 Aug
2020 (8 weeks)
---------------------------------------------------------------
Bitcoin (BTC) 9,360 11,860
26.7
Ethereum (ETH) 230
426
85.2
Chainlink (LINK) 4.17 19.09
357.8
Tezos (XTZ) 2.60
4.11 58.1
---------------------------------------------------------------
As
is clear, all four have moon-rocketed since I mentioned them. LINK, in
particular, has gone on an absolute tear, more than quadrupling its unit value
in that eight-week period. Therefore, x pounds/dollars, split equally between
the four tokens on 21st June, would have yielded a return of 2.3x today.
Compare
these returns to the paltry 0.1% – per annum – offered by high street banks. Furthermore,
(UK) bank deposits are insured up to a mere £85,000 per authorized firm. In contrast,
crypto exchange Coinbase holds 98% of its deposits in secure offline wallets
and insures the first 250,000 US$ (£191,000 at the time of writing).
Most
excitingly of all, the crypto bull market is only just beginning. Other personal favourites include Cardano (ADA), Kyber Network (KNC) and, what I like to call
my ‘underdog coin’, Orchid Protocol (OXT), a decentralized VPN, which has
doubled its value in the last 24 hours.
As
the world loses faith in the age-old scam that is paper currency, substantial
fortunes will be made in crypto between now and the end of 2021. Miss out at your peril!
Copyright
© 2020 Paul Spradbery
Disclaimer: I am not a financial adviser, and this is not financial advice.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.