There is an opportunity that is the 7th disruption of the world. It is poised to create the next set of billionaires in the world.
Disruption here refers to a change in global lifestyle as a result of a new technology.
There have been 6 disruptions in recent times and these disruptions were caused by the advent of the television, the internet, the e-mail, the e-commerce, mobile devices (phones, tabs), the social media and the 7th??? These disruptions changed our lifestyle and businesses globally. For example, the postal service was disrupted by the advent of the email. Kodak camera was disrupted by the advent of digital and mobile phone cameras. Supermarkets are being disrupted by e-commerce and online shopping. And now bankless/cashless banking is taking over traditional banking.
The 7th and biggest disruption is happening right now in the financial world. This is the gradual switch from the use of fiat (paper money) to the use of digital money. Why will it be the biggest disruption? It will be because the number one common denominator of human is money. Money creates a sense of security and shows us a way to accomplish our dreams. It is a mystery that everyone needs. Every disruption displaces the old and sets new standards. It renders many jobless, but also creates new opportunities for those who are quick to adapt to change. Disruptions either create a doom or a boom depending on the side of the divide you are.
The current banking system started over 60 years ago, yet over 40% of world adult population is outside the banking system. About 2 billion people world-wide are unbanked. In the ‘70s, the US government cancelled the direct convertibility of the dollar to gold. This made it impossible for governments to print more money as they desire. Since then, no national currency has been able to retain its value. Each time the Central Banks print more money, the money in our pockets lose value. After years of poor financial management, unregulated loan market and inflation, the consequences have been huge. It finally snowballed into the financial crisis of 2008 which negatively impacted global economies and almost brought down the world financial system. Nations, companies and individuals went bankrupt. But at the same time, a great opportunity was born. That is, Cryptocurrency, a cashless and bankless means of payment. The global economic meltdown therefore, may be viewed as a blessing in disguise as it led to a new thinking and brought about solution to the recurrent world financial crisis. The solution being the birth of Cryptocurrency.
And so in 2009, a Japanese man called Satoshi Nakamoto, dissatisfied with the world monetary system such as inflation, delays in transfers across national borders, high bank transaction fees plus associated restriction on transfers; invented BitCoin, the pioneer digital currency. It is a known fact that the world’s largest taxi firm, Uber, owns no cars. The world’s most popular media company, Facebook, creates no content. The world’s most valuable retailer, Alibaba, carries no stock. And the world’s largest accommodation provider, Airbnb, owns no property. And so it is that the strongest currency in the world, Cryptocurrency, owns no printing press, operates cashless and owns no bank.
Cryptocurrency means digital or virtual currency. It is the opposite of fiat currency. It used for online transactions and payments. Presently there are about 700 Cryptocurrencies in the global cyberspace with the popular ones being BitCoin, OneCoin, Aurum, and Etherium among others. Money has gone through tremendous transformation. From batter, to shells (cowries) to gold, coins, notes, credit cards and now, the latest evolution of money, Cryptocurrency.
To own and use Bitcoin, people needed to invest in mining it. But a skeptical world, coupled with attacks launched on all fronts by Central banks and banks against Bitcoin warned against embracing the novel currency. Again, even journalists and bloggers did not help matters as their uninformed review of Nakamoto’s concept of alternative currency had one verdict, SCAM!
Banks and Central Banks feared that Bitcoin was going to threaten their relevance and existence. The negative review and perception of Bitcoin discouraged a lot of people from investing in the currency. However, in every idea there are believers, few people took the risk, invested and mined Bitcoin. From a starting price of 10 cents per coin in 2009, Bitcoin gradually rose to $1200 per coin in 2013, thereby creating unprecedented wealth for all who took the risk and invested. The Guardian of London on October 29, 2013 published the story of a Norwegian, Kristoffer Koch who invested $27 in 2009 and by 2013, he discovered to his pleasant surprise that his meager investment had fetched him $886,000. He sold his investment and bought a luxury property in the heart of Oslo.
Tom Mcmurrain in his book, the “The 7th Disruption – The Rise of the Digital Currency Billionaires”, described Cryptocurrency and its enabling technology, the blockchain, as the 7th disruption of the world. The author said that “disruptions create trillion dollar markets and reshape human culture”. As hinted in part 1 of this write-up, there have been other disruptions in human history before now. Each of them made people rich in dollar currency because those people took the risk of charting new course, and they took advantage of the wave of disruption at the time. Now the Cryptocurrency disruption is going to be bigger and presents enormous opportunities.
It is not Cryptocurrency in itself that is presently causing excitement, but the underlying technology behind it, the blockchain. The blockchain, a digital and open transaction ledger, holds the power to transform not just our monetary system but the way we operate and live in society. Blockchain is simply a data structure that makes it possible to create a digital public ledger of transactions and share it among a distributed network of computers. It uses Cryptography to allow each participant on the network to manipulate the ledger in a secure way without the need for a central authority. The blockchain is the technology that is likely to have the greatest impact on the future of world economy. Presently, the blockchain is being deployed in areas like the processing of payments and transactions for contracts within the financial sector, stock market, sales and records among others. Blockchain is key to the success of Cryptocurrency.
At the moment, a consortium of the biggest banks in the world called “The R3 CEV”, has tested the blockchain technology preparatory to adopting it for securities clearing which presently takes a minimum of 2 -5 days. And the result of their test has shown that with blockchain, all they need to clear securities is between 3 to 6 seconds. And they are excited about the outcome. Some of the member-banks of the R3 Consortium include Barclays, Deutsche, HSBC, ABSA, Bank of America, Citibank, JP Morgan, Goldman Sachs, Fargo, Morgan Stanley, Wells, Credit Suisse, and so on. See https://www.bankingtech. com/448762/r3-ends-first-of- its-kind-blockchain-trial- with-40-banks/. Even Central Banks globally are not left out in the race to blockchain, as they have shown interest and studying the blockchain technology for adoption. See https://www.coindesk.com/ central-banks-blockchain- federal-reserve/
The good thing about Cryptocurrency disruption is that it gives equal opportunities to all peoples of the world and is a rare opportunity for the over 2 billion unbanked people of the world to hop into the financial system. Provided you are ready to follow trends offered by Cryptocurrency you can get on board the billionaires club of Cryptocurrency miners.
How do you get ahead of the Cryptocurrency trend? It is simply by getting educated, as knowledge creates awareness, and helps you seize opportunity. And opportunity seized ahead of trend guarantees you enormous wealth. With Cryptocurrency, learning brings with it unlimited earning. No matter who you are, you can come on board. There are three ways in which you can benefit. One, if you are a merchant whose goods and services could be accessed online, you begin now to accept Cryptocurrency as a mode of payment for your goods and services. Two, you could invest to mine Cryptocurrency as individuals and corporate bodies. And lastly by trading on it like you do in the stock market.
Out of over 700 Cryptocurrencies in the world, Onecoin is second only to BitCoin. Onecoin has a market capitalisation of $6.272billion, in less than 2 years. BitCoin, which tops the list, has a market capitalization of $9.171billion, in seven years. See www.xcoinx.com. The opportunity to make fortune in BitCoin is over as its early miners have made tremendous fortune from it, leaving speculators to scramble over the crumbs. You could mine any of the over 700 others – BitCoin, Ethereum, Ripplecoin Litecoin, Dogecoin, etc, but Onecoin is strongly recommended for the following reasons:
Onecoin is still in its early mining stages. It is best to invest in Cryptocurrency when it is still in its early mining stage. Investment in any of Onecoin packages, gives investors access to Onecoin educational packages through its ‘One Academy’; where investors are trained online both in the business of Cryptocurrency and Financial Management.
Onecoin believes that the wealth accruable from investment in Cryptocurrency could disappear easily if investors are not trained on how to manage their wealth to remain wealthy. Onecoin is the fastest growing company in the world. It took Apple 7 years to reach $1 billion revenue; Microsoft took 9 years to reach $1 billion revenue. But it took Onecoin just one year to hit $1 billion revenue and in another 3 months, it hit $2 billion in revenue.
Onecoin is gunning to be the reserve Cryptocurrency of the world just as dollar is the fiat reserve currency of the world; and this dream is becoming a reality as the European Union recommended it as a model for other Cryptocurrencies. This was contained in the Report of European Commission on “Action Plan for Strengthening the Fight Against Terrorism Financing,” released in July 2016. It is expected that the present paper money will certainly give way for Cryptocurrency in no distant future, maybe in about a decade.
Onecoin plans to enroll 1 million merchants within the next two years and targets 10 million users of the currency within same period. It has over 2 million users already. BitCoin has 150,000 merchants in its 7 years of existence. The strong Onecoin brand visibility and good number of users is continually pushing up its price.
Presently it is running an irresistible promotional offer, whereby investors that invest now and submit their tokens into mining before October 1, 2016, will have their coins doubled on October 1, 2016. Doubling your coins automatically means doubling your investment automatically. Onecoin founder, Ruja Ignatova says this offer is once in a lifetime. It is projected that Onecoin price which is presently 6.93 Euro per coin, will reach 50 Euro per coin in 2 years time. You can mine Onecoin through its different packages from 140 Euro to 27,500 Euro.