I’ve been in the digital world since 1994. The Web without video. Without images. Without sound. Without broadband. Without ads (yes, those nasty things). Now the Web is on and in computers, phones, cars and fridges. These are applications of the potential it held that I forecast way back then.
I called Amazon the “Walmart of the Web” in 1997 when it sold only books. What existed were the ingredients for the application of the idea, the development of it, the logistics of delivery, the ease of use, which grew into the Amazon today. Ditto for many other companies I discussed back then. Ripple today will be different tomorrow. It’s well funded, has a smart team, and I think could adapt in ways not yet seen to be a key player in digital currencies. Just as Amazon adapted in ecommerce.
In 1996 I added up the market value of the top 50 Internet companies and they were valued LESS than Microsoft and Intel.
Here we are again and I’ve seen this movie before. New platform, new ideas, but a LACK of applications… so far.
The current rage over crypto currencies is still the pre-game workout to me. The real value in my view will come in APPLICATIONS. Just as Apple is valued from the application of the iPhone, not the hardware itself. Take away the app store and the iPhone is an expensive paper weight.
So, if you think crypto currencies are in a “bubble” that may be true. But in 2001 most “smart” investors said the Internet stock market was dead. Not me. Then came Facebook. Twitter. Snapchat. WhatsApp. Alibaba. Tencent. Mobile accelerated these companies.
I believe the same thing could happen for crypto currencies (some of them anyway). As applications develop that are built using these digital coins, value, payment, settling, transfers, etc. are built. New things.
The entire application layer for crypto hasn’t been built yet. As it is built I could imagine values for the top currencies to be even greater than yet imagined. I don’t want to talk about a new venture here yet. I did mention last newsletter I was considering it. It could basically implode Google (and Facebook’s) business model in one move. More on that later, talking to investors now. Just an FYI that appleseed is doing 100% crypto and blockchain investments now. Contact me to join as an investor (accredited only).
In the meantime, XRP may be a way to dip your toe into crypto currencies. Check this on how to do it https://ripple.com/xrp/buy-xrp/
Until next time,