Every holiday season I’m reminded of my first few years living as an immigrant in the United States.
You see, when I first came to this country, I’d never heard of Thanksgiving Day. In fact, I spent the first few years that I lived here believing that Thanksgiving was a national holiday dedicated to appreciating whatever you were most thankful for in your life.
And while I would eventually go on to learn all about American history and the story of the harvest festival, this time of year still makes me humble. It forces me to take a step back and think about what I’m most grateful for.
I would encourage you to do the same this holiday season. It’s time to enjoy the presence of your loved ones.
There will be plenty of time to worry about the markets, so I’m going to use this article as an opportunity to tell you about two brand-new mega trends I’ll be looking to add to my flagship newsletter, Profits Unlimited, in 2018.
Blockchain Is Creating A Truly Decentralized Economy
The first of these new themes is going to be blockchain as it relates to finance.
You’ve probably heard of blockchain before, but in case you have only a loose understanding of the term, I’ll give you a brief explanation.
Blockchain is an online global ledger that anyone can use, but that also doesn’t exist in any master location. Think of it like an Excel spreadsheet that exists on multiple computers at the same time and that automatically updates itself every 10 minutes.
The decentralization aspect of this ledger makes it impossible for hackers to encrypt it and also makes it communal, because anyone who has an internet connection and who wants the database can do so.
This technology has turned the financial industry on its head, because for the first time in history, two different parties can come together to make a safe exchange without having to involve intermediaries, such as banks, rating agencies or bodies of government.
Add in the fact that our traditional banking system is overrun with fraud, additional fees and lots of paperwork, and you can immediately see why more and more people are turning to blockchain to make their transactions.
Given how completely disruptive this technology is, it’s no surprise that the global banking community is scrambling to implement blockchain technology into its existing infrastructure. But banks aren’t the only entities about to be disrupted by blockchain.
Imagine a truly decentralized economy where the middleman could be cut out of all transactions. It would affect every single industry in the world, from retail to transportation, to crowdfunding initiatives.
This is the kind of game-changing technology I want to be a part of, because the returns it could bring early investors are potentially limitless.
Ridiculous Amounts of Energy
Having said that, there is one major drawback to blockchain that also affects the Internet of Things mega trend. Both emerging industries require ridiculous amounts of energy output.
In fact, a 2014 study by researchers Karl J. O’Dwyer and David Malone showed that the bitcoin network alone was likely to take up as much electricity consumption as the entire country of Ireland. So, imagine how much energy we would need if all the banks in the world started to move toward digital currencies just to keep up with their competition.
That’s just not sustainable with our current energy grid, and it’s the reason why I’ll be looking to bring storable, renewable, natural energy-solution companies into my Profits Unlimited portfolio next year.
I don’t want to give anything away just yet, but between my current mega trends and the two new themes I’m beginning to track, I can promise you that next year will be a very exciting time to be a Profits Unlimited reader.
If you’d like to get in on the action and join me as I unearth companies taking advantage of these brand-new themes, you can click right here to sign up for my newsletter.
In it, I’ll bring you monthly insights regarding the latest market trends as they pertain to each of my core themes, and let you in on little-known companies about to corner huge parts of the market.
I’m going to end there for this week, but from my family to yours, I wish you the happiest holiday season.
Regards,
Paul Mampilly
Editor, Profits Unlimited
{ 2 comments }
Outstanding and informative beyond. This news letter is excellent!!! Your insight is great to say the least…
Thank you.
Sincerely,
Rick
Paul, your explanation of how Blockchain works is terrible.
“impossible for hackers to encrypt it” hackers don’t encrypt, they penetrate & download data from memory & storage devices.
“two different parties can make a safe exchange without Gov” buying and selling without tax??? Sounds like Tax Evasion to me.
How does loading a blockchain spreadsheet on my PC make it draw more electricity??
I hear about people making money via bitcoin but you do NOT mention money at all??
The Gov. is not yet involved because they are too busy investigating crooked politicians!
Every PC has an IP Address for tracking by the Gov., E-mails, Twitter, blockchain etc.
Do you know if blockchain coins is developed on US soil or foreign intervention??
What’s that saying….If it’s too good to be true it’s……..?????