Do you want to know more about blockchain technology?
For those of you who don’t know, blockchain is the underlying technology of cryptocurrency and NFTs.
In this blog I talk about how I invest in crypto, NFTs and blockchain infrastructure.
Remember, I am not suggesting that you invest in these companies. I just want to share what I’m investing in. If this benefits you, fantastic.
With that, 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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Are you ready to start managing your money so you have more to invest? CLICK HERE to get instant access to my FREE financial tracking video and worksheet!
I have made A LOT of money from cryptocurrency.
I buy and hold Bitcoin, Ethereum, and a variety of altcoins for the long term. I love cryptocurrency as an asset class, especially during this time of inflation. Many people say that Bitcoin and Ethereum are digital gold and silver. Additionally, it is the asset class that has outperformed the S&P 500 and every other investment over the past ten years.
Currently, billions of dollars are invested in crypto. Anytime you can invest in the infrastructure of something, in this case, crypto, you know you’re looking at a great opportunity. Each time I benefited from the growth of crypto, I also looked at how I could gain exposure to crypto infrastructure, like non-fungible tokens (NFTs).
Trying to explain what NFTs are can be confusing. I highly recommend you watch this funny Damn SNL where they try to explain them. I believe that NFTs will be a big part of our future, which is why I am starting to invest my money in blockchain technology.
NFTs will allow you to authenticate and own the rights to many digital and physical assets. Here are two ways I was exposed to the infrastructure of crypto, NFTs, and blockchain.
1. Coinbase Global Inc (COIN)
When Coinbase went public in the US market, I invested there. Coinbase is the largest exchange for buying, trading, and selling crypto.
When a company does an IPO and goes public, it is usually overvalued to much more than its value. When that happens, I buy and hold a position there. Coinbase has been falling recently. I saw this as an opportunity to buy more shares.
2. Immutable Holdings Inc. (HOLD.NE)
I discovered this Canadian company thanks to Kevin O’Leary, a well-known investor and personality in the financial world. I always loved listening to what he had to say. He’s a smart investor. If you watch Shark Tank, you probably know him.
I came across a YouTube video where Kevin interviews the CEO of Immutable Holdings, Inc., Jordan Fried. Immutable Holdings, Inc. has just gone public in Canada on the NEO exchange. They invest in the infrastructure of cryptocurrencies and NFTs. He owns NFT.com.
This is a truly valuable asset. Essentially, this company is going to build a platform where everyone buys and sells NFTs. In the video, Kevin O’Leary shared some things that resonated with me, which inevitably led me to invest in this company.
Watch the video above where I share my brokerage account and show you how much money I made on these investments!
As I expressed above, Immutable Holdings, Inc. is currently only available on the NEO exchange in Canada. Most brokerage accounts, depending on where you live, allow you to get permission to buy on other exchanges. If you live in the United States, you can buy on Canadian exchanges.
There may be a hurdle to clear when purchasing an investment like this. So far I have invested $10,000 Canadian in this business. My total returns over the past few days have been 129%. So, I have earned $13,000 so far.
This money is unrealized, meaning I don’t make it until I sell. However, I have no plans to sell. Rather, I intend to keep it for the long term. I consider this a great long term investment for me.
This is how I invest in some blockchain, crypto and NFT infrastructure.
I believe blockchain technology is the future. Still, when it comes to investing, you need to do your research, understand your risk tolerance, and make the investment decisions that best serve you. On that note, good investment!
Are you ready to start managing your money so you have more to invest? CLICK HERE to get instant access to my FREE financial tracking video and worksheet!
