Opportunity in cryptocurrency. There isn’t much left in this world which provides the
amount of opportunity you see in this thing we call crypto. Well there is another BIG
opportunity sitting right in front of your face,
it’s called watching this entire episode….because it’s time for Chico Crypto!!
Yes, the opportunity in cryptocurrency is far reaching, and there hasn’t been
an opportunity rush like this...since the gold rush! GOLD was the reason people traversed out
west & explored the unknown! Gold riches were made by the average man...they were
able to turn from poor to wealthy in the blink of an eye. The Gold Rush
led to an explosion in manufacturing across the board. Of course for mining equipment,
but the rush also led to increased production of lumber and the creation of new flour mills.
With the increased western populations, The need for clothing increased dramatically, and
the leather industry experienced significant growth. Levi Strauss, a German immigrant,
identified miners’ need for sturdy clothing and created canvas pants that would withstand the
punishing hours involved in gold mining. Thus wholesale and retail developed at this time too
and were instrumental in helping meet the growing demands of consumers.
The financial industry was changed as well! Henry Wells and William Fargo saw
an opportunity to provide financial services to gold seekers and started a bank, Wells Fargo & Co.
Now don’t you find it IRONIC, aka like the wheel has come full circle that Well Fargo
is now launching a Bitcoin FUND. Yes Coindesk announced it yesterday & it’s
for their wealthiest of clients. They partnered with NYDIG and FS Investments and as we can see
from the filed SEC documentation...it’s called the FS NYDIG Bitcoin Fund One,
LP…But guess who else filed for a bitcoin FUND on the same day? As we can see from
the Coindesk article JP Morgan...the never Bitcoin JP Morgan is having a change of heart!
But it’s not only the banks of old..it’s the banks of new too. The up & coming LA investment bank
Moelis & Company recently talked about crypto. They likened it to what? Well according to the
bloomberg article...the GOLD rush. Founder of CEO Ken Moelis said this about the crypto rush
““It’s like the gold rush of 1848, a lot of people didn’t know if there was gold in the ground,
but Levi’s made a business selling jeans and Wells Fargo made a banking business,” Moelis said.
“I believe our business is selling the picks and the shovels, so we have to know what
people want. What picks and what shovels they need, what tools they need to be successful.”
Banks and investment funds across the board are seeing the opportunity & don’t
want to get left in the gold dust! Like Ken said,
you gotta identify those picks and shovels if you are going to make it!
Tokens in the blockchain space are like the gold hiding in the river, they are the main bounty. If
you are able to sift effectively through the dirt, aka the sea of tokens, and spot a winner. You can
make it rich, just off of a small investment. 100 x’s are not uncommon in cryptocurrency!
But just like iron pyrite during the gold rush... Fools gold tricked the gold miners,
making them think they struck it rich...there are shitcoins in cryptocurrency, which hide
their poopy ways, behind a sparkle of we are going to change this world or this industry…
But it’s not only tokens, like Bitcoin, Ethereum or altcoins. There are the picks
and shovels too! Like the hardware to mine some of these assets. Bitcoin Miners, GPUs,
and the cooling systems to keep them cold. Or the wallets to store the tokens! Physical hardware
wallets like Trezor, Leger, and more or even in the non physical realm like the Argent Wallet!
These new types of businesses are creating opportunities, not only for the founders,
but creating thousands upon thousands of jobs!
So now let’s talk about the opportunities I see
in cryptocurrency...as I’m sure that is what everyone has been waiting for!
Sooo after the gold rush which helped build the west in America, countries across the globe
started re-adopting gold as a currency standard. The international gold standard emerged in 1871
and by 1900, the majority of the developed nations were linked to the gold standard. But as we know,
that didn’t last long. Industrialization and the greed of America created a new gold...black gold.
OIL...and by the 1970s, with the collapse of the Bretton Woods gold standard,
OIL took gold’s place and the petrodollar was born
OIL has had a good run, over 50 years of dominance, but it’s about to lose it’s position
quicker than gold. In 2006, UK Mathematician,
Clive Humby said a quote which would change this world “Data is the new OIL”
BIG tech has grown to control DATA. Facebook, Google, Apple,
Amazon & more. They are the gatekeepers, transporters, and publishers of our
DATA & have a monopoly over it! But not for long thanks to blockchain and cryptocurrency!
Sooo have you ever heard of GAIA-X? Gaia-X is a project supported by the European governments
to build a competitive, secure and trustworthy data infrastructure for Europe in the cloud.
Its aim is to develop common requirements and the new architecture for a European data
infrastructure. Therefore openness, transparency and the ability to connect
to other European countries are central to GAIA-X. Representatives from several
European countries and further international partners are currently involved in the project.
So who is involved on a country level with this? Well it was originally launched on an
international scale over a year ago, In June with a dual announcement by German Economic Minister
Peter Altmaier & France’s economic minister Bruno Le Maire. But it was originally conceived
by Germany and their Federal Ministry for Economic Affairs and Energy with the release
of the Executive Summary! What other countries are involved, both European and International?
Well from their newest Member list addition, put out in March of this year, we can see which ones.
As we can see...European countries involved include Ireland, Belgium, Luxembourg, Netherlands,
Italy, Spain, Finland, Sweden, Portugal, the UK, Austria, Poland,
Norway...and the international partners we can see from the list are Singapore,
the USA, and even China! And big names on the list...accenture, Alibaba Cloud,
BNB Paribas, Cisco Systems, Deustche Bank, Fujitsu, Hewlett Packard, IBM,
Intel, Microsoft, Oracle, Salesforce, VMware, Volkswagon and hundred of others!
Although there is also another member...which is going to lead us right into that cryptocurrency!
BigchainDB! I know some people are like...ohhhh I know who chico is talking about. But for those
that don’t...let’s figure it out like a 90s afternoon with Summer Sanders!
Now who is BIG Chain DB!? BigchainDB is a dominant blockchain database offering,
whose database deployment partners include Daimler, Microsoft,
Polkadot, Porsche, Riddle and Code, Toyota, Volkswagen and more!
Now if we go to the about section on BigChain within their website, they say the first prototype
started in the summer of 2015, and the first release came in 2016. They then say “By early
2017, we’d spent nearly four years thinking about IP and big data. We started to see problems at the
intersection of these topics: how can you securely “own” data, and sell it while avoiding “data
escapes”? Modern artificial intelligence (AI) was on the rise, and with it, the demand for way more
data. We realized that blockchain technology could help, especially decentralized data marketplaces.
With Toyota Research Institute, we built a prototype data marketplace that used
BigchainDB. This initial foray into decentralized data marketplaces grew into a much larger project:
Ocean Protocol. The team at BigchainDB GmbH (the company) is now focused on Ocean Protocol.
Ocean Protocol my friends and going to their website, it’s all about DATA, the new web3
data economy! Now I’m sure some of you are like...well just because BigChain is in there,
doesn’t really mean Gaia-X is going to be using Ocean!!!
Oh really!!!?? In April of this year Ocean released a blog titled “Ocean, Datarella,
and the future of mobility data sovereignty with GAIA-X and in the blog it says “Ocean Protocol is
joining forces with Datarella to expand the Open Data Economy. Their first project will be under
the umbrella of GAIA-X, the European Association for Data & Cloud, as part of the GAIA-X 4 Future
Mobility Project, which aims at bringing cloud applications to autonomous & networked vehicles.
The project’s overall goal will be the creation of a decentralized ecosystem of data & services
that allows autonomous & networked vehicles to integrate into smart infrastructures
and third-party services, following GAIA-X’s design principles. And finally below it says
“Ocean Protocol (BigchainDB) is a Day 1 Member of GAIA-X Association AISBL”....
Ocean is the new DATA economy...Ocean is the new decentralized standard for the new OIL.
Ocean is GOLD, in a sea of fools. Cheers! I'll see you next time!!