Have a desire to know more about you Blockchain Technology?
For those of you who don’t know, blockchain is the underlying technology Cryptocurrency and NFTs
In this blog, I talk about how I’m investing in crypto, NFT and blockchain infrastructure.
Please note that I am not recommending that you invest in these companies. I just want to share that I am investing. If it helps you, great.
On that note, let’s dive into the world of blockchain technology!
Watch the video below:
https://www.youtube.com/watch?v=YgJKbVEac4Y
(Click here to watch on YouTube)
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I have made a lot of money from cryptocurrency.
I buy and hold Bitcoin, Ethereum and various altcoins long term. I like cryptocurrencies as an asset class, especially in these times of inflation. Many people say that Bitcoin And Ethereum is digital gold and silver. Moreover, it is an asset class that has outperformed the S&P 500 and any other investment over the past ten years.
Currently, trillions of dollars are invested in crypto. Anytime you can invest in the infrastructure of something, in this case, crypto, you know you’re sitting on a great opportunity. While I’ve benefited from the growth of crypto, I’ve also seen how I can gain exposure to crypto’s infrastructure, such as non-fungible tokens (NFTs).
Trying to explain what NFTs are can be confusing. I highly recommend you watch this funny SNL shit where they try to explain them. I believe that NFT will be a huge part of our future so I am starting to invest my money in blockchain technology.
NFTs will allow you to authenticate and own rights to many digital and physical assets. Here are two ways I got introduced to crypto, NFT and blockchain infrastructure.
1. Coinbase Global Inc (COIN)
I invested in Coinbase when it went public on the US market. Coinbase is the largest exchange for buying, trading and selling crypto.
When a company does an IPO and they go public it is usually overpriced at a much higher price than they are worth. When that happens, I buy a position in it. Coinbase recently went down. I saw this as an opportunity to buy more stock.
2. Irreplaceable Holdings Inc. (HOLD.NE)
I learned about this Canadian company from Kevin O’Leary who is a well-known investor and financial figure. I always liked listening to him. He is a smart investor. If you’ve seen Shark Tank, you probably know him.
I came across one YouTube video Where Kevin interviews the CEO of Irreplaceable Holdings, Inc., Jordan Frieder. Irreplaceable 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 is a really valuable resource. Basically, this company is going to create a platform where everyone buys and sells NFTs. In the video, there were a few things Kevin O’Leary shared that resonated with me, which inevitably led me to invest in this company.
Check out the video above where I share my brokerage account and show you how much money I’ve made with these investments!
As I stated above, Irreplaceable Holdings, Inc. Currently only available on NEO exchanges in Canada. Most brokerage accounts, depending on where you live, allow you to buy on other exchanges. If you live in the US, you can buy on Canadian exchanges.
Such an investment can be a hoop to buy. So far, I have invested $10,000 Canadian in this company. My total return in last few days is 129%. Thus, I have earned $13,000 so far.
This money is unreal, meaning I can’t do it until I sell. However, I do not plan to sell. Rather, I am planning to hold it for the long term. I see this as a great long-term investment for me.
Thus I am investing in some infrastructure of blockchain, crypto and NFT.
I believe that blockchain technology is the future. Still, when it comes to investing, you must do your research, understand your tolerance for risk, and make investment decisions that serve you best. On that note, happy investing!
Are you ready to start managing your money so you can invest more? Click here Get instant access to my free financial tracking videos and spreadsheets!
