The Tech of Techs David Solomon, however, is right. He's the CEO of a little company with a lot of power... Goldman Sachs. "I happen to think that blockchain technology is an early version of technologies that will ultimately be used to further digitize the infrastructure of financial services," he said. "It's not a perfect analogy, but the way to think about it is the way you accessed the internet 25 years ago versus the way you access the internet now." Like I said... imagine investing back then with the knowledge we have now. So many said the web was just a fad, something only the academic crowd would find useful. I beg to differ. Now Twitter is ablaze with idiots... and the academics - at least the smart ones - want to pull the plug on the whole darn thing. Bloomberg got hold of the folks at Citigroup too. They're never much for pushing their own book or getting too hyped up. But CEO Jane Fraser said some things recently that may be opening eyes. "There are fundamental changes on the horizon that will reconstruct the infrastructure of global markets and the architecture of finance as we know it today," she said. But that's not all she had to say. Get out the drool cups... This gets greedy. We are moving toward a boundless virtual economy in which markets do not open or close, digital asset on- and off-ramps are limitless, and metaverse activities are widespread. Digital assets will be widely embraced and securitized, and we will see asset 'avatars' that exist in more than one form between traditional assets, digital native assets and tokenized versions of traditional assets. Yep... she agrees with what I've been telling my readers... In this world, market participants will be able to respond to "after-hours" announcements and overseas events at any time of day and across time zones. The 24/7 nature of these transactions will reduce operational risk, streamline payments across platforms globally, and enhance the consumer and client experience. She concludes right where I do... "One thing is certain: 2050 will be virtual, and it will be boundless." Patience? I get it. Thirty years is a long time. The doctor still looks at me with concern when I mention my investments in green bananas. But let me remind you... the big profits won't be made all at once in 2052. No. Amazon... Google... and Microsoft didn't soar and then plateau. The big gains came... and then came some more... and then came some more. In the stock market, 30 years of gains can come in just a day or two. Those are the days you don't want to miss. Patience doesn't mean waiting to get in. It means getting in... and not getting out. YOUR ACTION PLAN I recently sat down to talk about what all this digitization means... and where big money could be made TODAY. It's an opportunity that could be 10X bigger than crypto... if not more. If you haven't watched the video yet... check it out here. Manward is no longer the lone voice on all this. A chorus is singing behind us. Have some patience while the out of tune find their pitch. They'll be singing along with us soon enough. Click here to watch the interview. Be well, Andy |
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