The crypto candidate: Digital currencies, blockchain key to America's future … but we must act now

At the recent Consensus conference in New York, the largest cryptocurrency conference in the world, I had an opportunity to briefly connect with U.S. presidential hopeful Andrew Yang.

You might not have heard much about Yang yet. Most of the other 2020 presidential candidates have a higher name ID (like Bernie Sanders), so he is considered a long, long shot to win the Democratic nomination.

Politics aside, Yang has some talking points every investor should hear …

If you watched the recent debates, you heard him pitch his proposed "Freedom Dividend" — a universal basic income of $1,000 a month for every American adult.

But what Yang really wants to be known for is having the crypto community's back.

And what he's proposing made him a huge hit with the crypto crowd …

At the Consensus conference, he displayed a genuine enthusiasm for cryptocurrencies and blockchain, which he called "one of the key technologies" for America's future.

Yang has even proposed a blockchain-based digital currency nicknamed the "Yang coin." He promised to be a friend to the industry, should he prevail in the 2020 election.

His most important comment was a warning to America's lawmakers …

Yang urged them to come up with clear regulatory guidelines. Otherwise, the U.S. is in danger of falling behind the rest of the world and missing out on the "immense potential" of blockchain technology.

"It's very very hard to invest and innovate if you don't know what the heck the regulatory landscape's gonna look like, and if you've got multiple agencies who may or may not have a say in what you're working on.

"And if you don't have that, then shocker, other countries will end up being more on the forefront of this technology wave."

Those "other countries" include China, Japan, Korea and the Mediterranean island country of Malta, which calls itself "Blockchain Island."

More importantly, blockchain is on the cusp of going mainstream. Remember, the mass adoption of social media only came after businesses started jumping on board. And the same thing is happening with blockchain.

On May 24, Facebook announced its plan to launch its own cryptocurrency, the GlobalCoin, by 2020. It is being called the "trojan horse" that will bring blockchain adoption to the masses.

The adoption process is already well underway. Earlier this year, Cisco predicted that 10% of the world's Gross Domestic Product will be tokenized assets by 2027, and that more than $9 billion will be spent on blockchain projects by 2021.

Image credit: Cisco.com

There is some huge, life-changing money to be made from blockchain. Heck, I expect it to be the most lucrative investment opportunity I'll see before I die.

Yes, it is that huge.

The best way to invest in blockchain is a barbell strategy of both giant global technology giants that are making blockchain a key part of their growth strategy and small, high-risk/high-reward startups that could go up by 1,000%, 5,000% or even 10,000%.

That is exactly the strategy I'm recommending in my Weiss Crypto Investor newsletter, and I hope you'll consider a no-risk trial to it. The grandchildren whom we are going to make wealthy from today's crypto technology investments will thank us.

Best wishes,
Tony Sagami

About the Technology Analyst

Even in the worst years for stocks, Tony was twice named “Portfolio Manager of the Year” by Thomson Financial. He was one of the first to introduce computer software for trading stocks. And in the early 2000s, he wrote “The Supernet,” providing a vision of the future internet that was far ahead of its time.

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