It was a collapse. What do the statistics tell us?

Let’s be clear, the recent drop in crypto price is a collapse, not a ‘correction’. It is 46% off its all-time high in two weeks!Over $1.1 trillion of wealth eliminated. That $0.1trillion lost is $100billion. $100,000,000,000. Thats alot of zeros of money lost.

People’s portfolios have been hammered. Confidence will have been slammed.

There must been millions of amateur traders, who have gone ‘all-in’, that must have been suffering badly with their leveraged trading positions. …

All industries ‘grow up’ in stages. I have been involved with seventeen ‘developing’ industries over 35 years who cannot tell you how many times I have heard comments ‘I cant see it happening’. I am a million selling futurist author.

My paper for my Army Lieutenant to Captain course was ‘why my troop should have a computer’. I was in the Engineers and we built buildings, I wanted a computer to manage the materials. Half of the senior officers laughed at the thought.

When I did Derivatives in an investment bank in London in 1987, managed on a spreadsheet, people…

With the boom in crypto, it is not surprising that mainstream financial commentators will attack it. The question is whether it’s justified.

I think we also need to put it in context that the digital revolution has also delivered the new share app revolution led by Robinhood. This has motivated millions of mainly young people to now gamble on shares. I say ‘gamble’ as thats what it is. My experience is that these people are totally ignorant of professional trading of shares so are just having a punt. …

Techcrunch reported that Indian politicians are introducing legislation to ban Bitcoin and other private crypto-currencies, allow some blockchain tokens and their own government issued crypto. Is this serious?

  1. India is always paranoid about hard currency dating back to Gandhi. They have always limited it so hate hate hate crypto, that they cannot control.
  2. Indian currency is a total mess reflecting the ‘third world’ nature of the Indian economy. They had to eliminate the 1000 and 500 Rupee notes because less than 3% of turnover paid tax. Tax avoidance is a national sport and everything is in cash. Corruption is endemic…

Fidelity Investments is one of the world’s largest investment managers with $8.3trillion under management. More money than in most countries.

They are pioneers in offering crypto to their clients. When governments, economists, banks and other financial ‘experts’ were laughing at crypto, Fidelity’s CEO was championing this new asset class.

Other asset managers should be very concerned about their aggressive positioning in this area as they are going to take alot of their clients before they respond with an equivalent offer…..LOL.

Fidelity Digital Assets Research

Fidelity Digital Assets division released their latest 2020 research findings and their implications are massive for…

As the story goes, one day in 1929, Joe Kennedy is getting his shoes shined. The boy began to give stock tips as he polished Kennedy’s oxfords. In that moment, it struck Joe that he needed to leave the market.

In the US, its called the Robinhood phenomenon. Millions of millennials pouring into the stock market using their no-fees app. The markets are crowing at the boom its causing in stock prices, especially in Tech stocks.

In Australia, its apps like Hatch and in NZ, it has Sharesies.

NZ’s Businessweek revealed that the Sharesies impact is in just a few…

People are excited about Crypto today. Its broken the three year down trend. The market is singing…’The only way is up, Baby!’

Well, ok, sure. I am sure the future is fantastic. Yet EXPECT a highly volatile market for the next 12 months. Lead by Bitcoin…$11,000, $13,000, $10,000, $14,000, $9,000, $20,000… you get the idea.

Well I hope you do get the idea. Up down up down YET trend is up. So buy now.

The question is ‘who far can prices go?’ What is the potential of Crypto?

There are endless people predicting the price of Bitcoin. Most of them…

The next boom is the big story and here is the best chart to help you work it out. It shows the price history of Bitcoin which leads the crypto market and because its based on a logarithmic view, we can see the rate of change necessary for prediction.

Wave 1. Bitcoin Boom [as we used to call it in 2015].

  • Development. 2010–2011. Two years as 2009 was a non-public development.
  • Growth. 2012–2013. Two years.
  • Crazy Boom at end of 2013. 1100% growth in 2 months to $1137

Wave 2. Crypto Boom [as we used to call it in 2018].

Bitcoin Hyped to the moon

The crypto-world is getting hyped off its face as Bitcoin breaks three year downtrend and there are a number of major coin developments. See graph below to see how the ‘green’ has jumped about that top line.

The problem is that rumour and bullshit is flying everywhere as the ‘commentators’ who are all ‘long’ Bitcoin are whipping up the market praying for the major hyperbolic move we have all talked about for years. Its $100,000 a coin baby!!

A classic example I love is the graph below which was recently ‘attributed to links with global…

One lousy new flu bug and the world’s economy loses its shit. Or so my friend said to me.

Now Covid-19 is more than a new flu, the point on the world economy is accurate.

Let’s understand this right. The world shuts done for a month or so and suddenly nothing works. Most critically, and this will be seen over the coming months, the logistics systems will fail. Quarantine laws stop backpackers from planting one of four crops per year, meaning fewer tomatoes in September. Or $10 per tomato.

Everything is connected. Construction stops because plumbing parts cannot be sourced…

Ed Ludbrook - Future of Crypto

I am Financial Futurist, Educator & Entrepreneur. Multi-million selling author in 20 languages. The Future of Crypto book coming.

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