In 2017, the crypto-currency market sky-rocketed to new heights! Had you invested $1,000 in Bitcoin at the beginning of that year, you would have had $13,180 at the end of 2017. However, had you invested that same amount ($1,000) in Ripple (XRP), you would have had $360,180.
Today, you can buy Ripple (XRP) for $0.420239 per coin or acquire 1,000 coins for a mere $420; 500 XRP coins for $210. An investment in Stellar Lumens (XLM)—my favorite coin—in 2017 of $1,000 at the beginning of the year was worth $144,410 at the end of 2017. Today, you can purchase 1,000 XLM coins for under $130. An investment of $1,000 in NEM (XEM) at the beginning of 2017 was worth $298,420. Today, you can acquire 1,000 XEM coins for under $100.
If you were inclined to purchase 1,000 coins of XRP, XLM, and XEM, your total financial commitment would be around $650. If you only want to risk $500, purchase 500 XRP coins and 1,000 of the other two; or, if $250 is more affordable, just purchase XLM and XEM. The upside is substantial; the downside is less than $1,000. Now is the time to buy, before the “institutional investors” start pouring in.
“Fidelity, which has $2.46 trillion (trillion!) in assets under management, has opened a crypto trading desk for ‘select’ customers (read: high rollers) . . . Now imagine if Fidelity just put 2% of its [funds under management] into the crypto market. That would be $49.2 billion [with a market cap of $171.4 billion for the entire crypto market].” First Stage Investor, May 2019
The Stansberry Digest is promoting a new crypto-currency service touting an expert who believes that Bitcoin, after reaching lows of $3,600 per coin, is on its way back to $25,000 per coin by the end of 2019. As of this writing, Bitcoin is trading around $8,000. Also, 2019 may not be the magic year; and, if not and you have positions in crypto, sit tight and wait it out!
If you are not sure how to get started, go to our website (www.jeffersoniangroup.com) and read some of our past newsletters; and/or, for $4.99 (kindle edition) or $9.99 (paperback), purchase a copy of Unlock the 4-Doors to Financial Independence, specifically Chapter IV; when success strikes over the next several years, you will certainly benefit by reading Chapter V.
As one commentator pointed out, after the increase in value of crypto-currencies in 2017, Ripple (XRP) gained more in one year than Apple had in its entire existence. This opportunity to get in on the ground floor with minimal financial commitment—money that you normally waste and can afford to lose—just may turn out to be a very monumental success!?!
As Ben Franklin once said, “Nothing ventured, nothing gained.”
Dum Spiro Spero—While I breathe, I hope.
Robert G. Beard Jr., C.P.A., C.G.M.A., J.D., LL.M.