Unknown and Unafraid: The Fastest Growing Industry in the World
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Dear Investor,
Never in my lifetime have I seen any financial sector of the market grow so far, so fast!
Just one year ago, on May 17, 2020, it was a $924- million fintech industry. Today, May 17, 2021, it’s over $73 billion.
That’s a growth rate of 8,233%.
And yet, to millions of savvy investors, it’s totally unknown.
Recently, I mentioned this sector to a Wall Street veteran and TV host who’s completely in tune with nearly everything happening in the financial markets.
He said he never heard of it.
Since the sector is high-tech related, I then asked an old friend who has worked with Sun Microsystems, Hewlett-Packard Enterprise Company (NYSE: HPE) and Apple, Inc. (Nasdaq: AAPL).
He never heard of it either.
So, what is the mysterious sector that has grown so fast, unknown and unafraid?
It’s decentralized finance (DeFi), a totally new kind of global financial system on the blockchain, which …
• Competes with banks, brokers, insurance companies and financial markets of all kinds …
• Replaces middlemen and custodians with peer-to-peer transactions that are promptly and efficiently enforced by computer code …
• Cannot be manipulated by governments or any centralized organization …
• And is giving investors consistently bigger profits than any other asset class or sector in the world today.
Hard to believe? Then take a look at the gains investors have seen just in the past 365 days (as of 7 a.m. EDT this morning) …
Chainlink (LINK): 933.5% gain, turning an initial $10,000 investment on May 17, 2020, into $103,350 today.
Maker (MKR): 1,272% gain, turning $10,000 into $137,200.
cETH (CETH): 1,652% gain, turning $10,000 into $175,200.
UMA (UMA): 1,685.3% gain, turning $10,000 into $178,530.
Synthetix (SNX): 2,023.6% gain, turning $10,000 into $212,360.
Terra (LUNA): 8,178.9% gain, turning $10,000 into $827,890.
THORChain (RUNE): 16,759.9% gain, turning $10,000 into $1,685,990.
All in one year’s time! And all with no in-and-out trading or leverage of any kind.
In fact, to achieve these gains, investors simply had to do two things:
Buy …
And hold.
Want the evidence? Here’s how to find it …
Step 1. Go to this page on Coingecko.com.
Step 2. Scroll down till you see the table below …
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| Source: Coingecko.com (https://www.coingecko.com/en/defi) |
Step 3. As an example, click on Chainlink, the second from the top. Like most digital assets, it’s suffering a typical correction today. But that correction is tiny compared to the gains of the last year.
Step 4. Scroll down a bit and you will see a table displaying its price changes in the last hour, 24 hours, 7 days, 14 days, 30 days and year. Check the one-year results. That’s where you will find the percentage gains corresponding to those I cited above.
Some of the digital assets in the DeFi sector did not exist one year ago. Some are designed to have a fixed price. But aside from these, nearly all of the biggest players have enjoyed the kinds of one-year gains I cited.
Now, don’t get me wrong. Although we have recommended some of these coins, we do not recommend all of them. Nor do we think this kind of investment is appropriate for all investors.
Friends and family frequently ask us: Are these digital assets safe?
Our answer: No! Especially if you don’t know how to avoid the junky, me-too digital assets that have no practical value or substance.
So, here’s what I recommend:
First, learn as much as you can about this new sector. You can start with this article.
Second, to monitor its growth, go to DeFi Pulse. It tracks total value locked (TVL), or how much money is “deposited” on DeFi platforms.
Third, if you haven’t done so already, sign up to get our free daily e-letter, Weiss Crypto Alert. This will give you insights into the world of cryptocurrencies you can’t get from any other source.
Just go to our Weiss Crypto Ratings website. Then, in the upper right corner, click on “Sign Up.”
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It’s free. And it not only entitles you to our free e-letter, but also to a personal watchlist.
Good luck and God bless!
Martin
