If you watch the Rams beat the Bengals tomorrow (😉), keep an eye on the commercials, billboards, product placements. Yes, we know that there’ll be a Crypto.com commercial, but there will be more. I’m curious to see if Ripple will sack up and throw a big F-U into the face of the SEC by running a commercial, maybe about XRP. If you haven’t been following that case, you may want to. It’s interesting, for sure.
https://www.foxbusiness.com/features/sec-ripple-crypto-future-blockchain
Back to Matt Stafford’s brilliant performance in the Crypto Bowl…
Big money is ready to take your money. The regular-everyday-middle-class-folks. And that’s okay. It’s still early. You will still make money over the long term. But legacy institutions will not miss out on this. They can’t. That’s why the big boys are getting in. The crypto commercials you will see are for companies backed by the big boys. The Cubans, Drapers, Dorseys, and Bransons. They want more.
About five years ago, when I worked a “real” job, I asked my company’s 401k advisor about crypto. He didn’t have much to say. Actually, he kinda advised against it. They weren’t involved in it and his superiors said it was a fad. Too risky. Not enough interest. I had been in crypto only a short time, but I’m a digger, and the research I was doing showed otherwise. My gut told me to pull my money out of my 401k, but I didn’t. Not at that time. Instead, I reduced my 401k contribution–people at my company reminded me I wouldn’t get the full company match (oh, dear)–and I was also reminded that if I did decide to pull out my money early, I’d get penalized.
Penalized for wanting to become the steward of money I earned. WTF?
I took that money I was no longer contributing to my 401k and put it into crypto and my return was far greater. When I “retired” a few months ago, I did indeed cash out from my company’s 401k. I invested it. Crypto, stocks, real estate. But I can tell you right now, that the amount invested into crypto is doing way better than the other two. Early withdrawal penalty, be damned!
This WILL NOT always be the case. The world will catch up to crypto. Also, I am NOT saying blow your savings on crypto. I’m saying it’s important to have control of your money, your finances, your future. Take charge. Research. Learn. Don’t think about getting rich. Consider building wealth.
People are comparing crypto to the dot.com build-up, boom, and bust. They should. People are going to make a lot of money…IF they are researching, paying attention, and making smart choices. And some people are going to get wrecked. Guess what? That’s life. Happens every day. Those that survive and succeed are those that do the work. Will people lose money? Yep. But you can also die wearing a seatbelt, a parachute, or sitting comfy and warm in your favorite chair in the safety of your living room.
The crypto “boom” that’s about to shake things up isn’t something that’s just happened overnight. And that’s what the crypto ads during the Super Bowl are going to make it seem like. And that’s what old money and old-school thinkers want you to believe. The thing is, crypto is part of the 4th Industrial Revolution. The Evolution of Money, my friends.
Blockchain companies and crypto projects have been at it for years, solving problems, addressing the pain points of commerce, trade finance, supply chain, health care, art, education, infrastructure, and manufacturing. They are going to pull through this “boom” just fine. The world economy is changing. Like it or not, crypto is here to stay. It’s evolution, baby.
Get in and play or sit on the sidelines.
In any case, enjoy your family and friends. Take care of yourself and take care of others. They are what this is all about.
And Go Lions! I mean, Lion…I mean Rams…aw hell, just enjoy the game.