In The Big Book of Crypto,James Altucher, Chris Campbell with share with you my new predictions about this space. They’ll also show you everything you need to know about the cryptocurrency industry. The good, the bad, the ugly. As you might know, They make a lot of predictions about a lot of things. Some of my predictions in the past have been wrong. But thing is: When you are wrong, the worst you can lose is 100%.
The picture is too familiar. I saw this in 1997, people flipping penny internet stocks or any company that put the suffix “.com” at the end of their name. It’s a painful memory. Do you know why? Because I was one of those suckers born every minute too. I learned my lesson. I started my first internet company in 1995. My job: to actually convince corporations they needed websites and that I should build them. People didn’t realize the internet was not just a fad. Companies like American Express or Time Warner actually had to be convinced to create a website. That this was the future and they needed one. So there was value in the internet.
The internet and then the mobile internet and now the “internet of things” were here to stay. I told them that. Some scoffed, but it kept growing. It’s still growing. And the scams got flushed out. Anyone in them went broke. The same thing is happening here. The internet was ultimately a multitrillion-dollar opportunity. It’s clear now, and you would have been laughed at if you said this then, that many internet companies will be worth well over a trillion dollars. Apple, Amazon, Facebook, Google, Uber and on and on.
Now, here’s the thing that gets me laughed out of the room today: Cryptocurrencies are not just a trillion-dollar opportunity but worth hundreds of trillions… potentially even a qua-drillion-dollar opportunity. This sounds ridiculous. But there’s simple math here. Simply ask, “What is the demand for money?” The demand for money, if you count derivatives, is in the qua-drillions. That’s how much money is out there. But fiat currency, as it stands, has many problems. If a currency or idea came along that solved these problems, then the demand for that new idea would be worth hundreds of trillions… maybe quadrillions. It would be such a big deal that owning none is just as risky as going all in. In this book, we’ll describe why and how and what and where. But long story short, cryptocurrencies solve the problems created by “regular” currencies. Security, privacy, forgery, double-spending, centralized control, risks of inflation and manipulation and on and on. But let’s get one thing straight.
- Big Picture
- Drilling Down
- Block to the Future
- Addendum: The Lost Interviews
The Big Book of Crypto: How To Get Rich In The New Age Of Digital Money By James Altucher, Chris Campbell pdf