The meteoric rise of cryptocurrencies in 2017 grabbed the attention of not only financial markets but also the media. The resultant fanfare has led to mind-blowing volatility this year, with gains and losses of up to 50 percent in a single day.
It’s no surprise that this remarkable volatility has caused many investors to flee the crypto space and rejoin traditional stock markets. But the savviest investors see opportunity beyond the madness. They are looking to the tech behind bitcoin, and the entrepreneurs developing what is sure to be the biggest digital breakthrough of our time.
Blockchain technology is set to revolutionize every major industry in the world, and smart investors are looking to Global Blockchain (CSE: BLOC; OTC: BLKCF) as the perfect play to take advantage of the coming blockchain boom.
Global Blockchain Technologies is a company overseen by Steven Nerayoff, the legendary co-founder of Ethereum, a cryptocurrency valued at over $100 billion, rising over 94,000 percent since its launch.
The company is the world’s first blockchain hedge fund, and incubator for new crypto up-and-comers. It’s currently trading on both the OTC (BLKCF) and CSE (BLOC) markets. They manage a portfolio of cryptocurrencies, including industry mainstays like Bitcoin and Ethereum, and startups approaching their ICO (or an initial coin offering, the crypto-equivalent of an IPO).
Most importantly, this diversification is designed to shield investors from the extreme volatility of the young cryptocurrency market—with Bitcoin being the prime example, surging to nearly $20,000 before it plummeted all the way down to the $6000s.
Global Blockchain uses the same basic principle applied in mutual funds, diversifying stocks to keep portfolios strong despite the value of any individual investment. This is the kind of steady investment vehicle that can sail through the cryptocurrency storm.
In addition to investing in cryptocurrencies, Global Blockchain (CSE: BLOC; OTC: BLKCF) acts as an incubator for other cryptocurrency startups. Industry pioneers like Nerayoff offer advice and tutelage to other entrepreneurs in an effort to help their cryptocurrencies weather the market, therefore increasing the value of the overall portfolio. In return, a share of equity and a percentage of the founders’ tokens are held by Global Blockchain Technologies—which means an increasingly diversified portfolio and returns for the investors.
For example: Global Blockchain was one of the first buyers of Kodak Coin, a brand-new token from the legendary camera and film company. Global Blockchain was offered 8 million KodakCoins as part of a pre-ICO sale, which the company secured at a huge discount for only $2 million. In connection to its KodakCoin investment, Global Blockchain is partnering with Overstock.com and its subsidiary tZero to facilitate the KodakCoin ICO.
Global Blockchain is also targeting video game economies. In-game economies for massive video games like Second Life, Eve Online and World of Warcraft represent huge possibilities. The economy of the game Second Life, for example, could be worth as much as $500 million, and users spent $60 million in real currency in 2014. The economy of the game EVE Online was worth $55 million in 2016. And now, the currency of World of Warcraft is worth more than the currency of Venezuela. Global Blockchain could bring turn that virtual money into tokens and trade them via the cryptocurrency market.
The insight Nerayoff and Global Blockchain (CSE: BLOC; OTC: BLKCF) bring is that while any individual cryptocurrency is volatile, the underlying technology of blockchains is now. Simply put, a blockchain is a shared database that’s both distributed to and accessible by all of its members, making it both publically accountable and difficult to corrupt. It can’t be manipulated by a single person, and it lacks a single a point of failure. Cryptocurrencies rely on this technology by using blockchains to record investments, essentially allowing people to contribute to a pooled fund of resources and share in the profits. Units of a cryptocurrency are referred to as “tokens” (as opposed to “dollars” or similar) because they serve as entries into the pool, which also establishes their value. A more valuable pool requires a higher buy-in.
Blockchain technology is such an efficient way of managing information and currency that it’s now being widely adopted outside of cryptocurrencies—by banks, financial firms, hedge funds, brokers, exchanges, and more.
Global Blockchain Technologies, as its name suggests, is interested in this infrastructure and the potential of valuable blockchains to unlock new markets. That means that even if cryptocurrencies go the way of the dodo in the next few years, Global Blockchain Technologies will still have a diverse array of stable and established investments strengthening their portfolio, due to their commitment to the underlying technology. Led by a team of blockchain pioneers, Global Blockchain (CSE: BLOC; OTC: BLKCF) is a surefire way to move safely into the hottest market in the world.