Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
AI Tech Stocks State Going into the CRASH and Capitalising on the Metaverse - 25th Jan 22
Stock Market Relief Rally, Maybe? - 25th Jan 22
Why Gold’s Latest Rally Is Nothing to Get Excited About - 25th Jan 22
Gold Slides and Rebounds in 2022 - 25th Jan 22
Gold; a stellar picture - 25th Jan 22
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

My Most surprising Crypto call to date

Currencies / cryptocurrency Dec 30, 2021 - 07:39 PM GMT

By: Stephen_McBride

Currencies Crypto stood before Congress two weeks ago…

The CEOs of six crypto businesses testified in a highly anticipated session in Washington, DC.

Republicans and Democrats grilled them on blockchain technology, digital dollars, and regulation.

But one thing really stood out to me while listening to the hearing.

It lasted almost five hours, and guess what was hardly mentioned?


To the average guy on the street, crypto is bitcoin.
  • But if you’ve been following RiskHedge, you know the truth:

Bitcoin is old news.

In this essay, I’m going to share a surprising prediction that involves the decline of bitcoin.

I’ll also share my guidance on how to react to the recent selloff in crypto.

First, let me explain why bitcoin—the best-performing asset in the world over the past decade—is old news.

Bitcoin is the original crypto. It remains the most valuable and popular crypto asset.

But its dominance is slipping. In 2017, Bitcoin accounted for 95% of the total value of crypto. Today, it makes up just 40% of the market.


  • But did you know Bitcoin isn’t even in the top 100 best-performing cryptos this year?

And no serious crypto investor thinks much about bitcoin anymore.

Bitcoin has achieved incredible things. It showed us what blockchain can do. It brought crypto into the mainstream.

But that’s all in the past now. Bitcoin is mostly irrelevant when it comes to the future of crypto.

That’s because all the innovation and growth in crypto is happening elsewhere… in the entirely new asset class of crypto businesses.

Crypto businesses are worth a combined $1.4 trillion. Many have millions of users and are making real money.

Ever heard of Axie Infinity (AXS)?

It’s a blockchain-based game that users can earn real money playing. Over one million people play the Pokémon-like game each day. Some earn hundreds of dollars a week.

In fact, Axie has raked in $1.2 billion in revenue this year. It’s taken off in countries like the Philippines. More Filipinos have Axie accounts than have bank accounts!

Here’s a photo of the inside of a taxicab in the Philippines. It takes Axie Infinity in-game currency as payment.

Then you have Audius.

Audius is a music streaming app like Spotify. It’s a place where artists upload their new songs for listeners to listen to.

But there’s one huge difference. In Audius, there are no record labels taking a cut.

Imagine if, each time you stream a song, royalties went straight into the artist’s pocket?

That’s how Audius works on the blockchain. And it’s been on a tear lately.

Audius’ monthly active users have doubled from three to six million in the past six months. A few weeks ago, Audius signed a big partnership with social video giant TikTok.

See how these crypto businesses are nothing like bitcoin?

They are real businesses, making real money.

Crypto businesses are the best-kept secret in investing. The world simply hasn’t wrapped its head around this opportunity yet.

Most folks see crypto as digital money, like bitcoin. But as you can see, it’s so much more…

  • This brings me to my surprising crypto prediction.

Bitcoin will lose its #1 spot as the largest crypto by the end of next year.

I realize that’s a big claim.

After all, bitcoin has always been the largest crypto. And although its market share has declined, it’s still almost as big as all other cryptos put together.

I expect Ethereum (ETH) to supplant it as the world’s largest crypto next year.

In the simplest terms, Ethereum is a platform where anyone can create and launch apps. Think about how the App Store works on your iPhone. You can download millions of apps for just about everything.

Ethereum is a blockchain app store. But more importantly, it’s a platform where world-changing disruptive businesses are being created at astonishing speeds.

Axie Infinity runs on Ethereum. Many crypto exchanges and even crypto banks are built on top of it.

All these apps pay for using Ethereum’s blockchain. Over $30 billion worth of transactions settles on Ethereum each day. In just the past month, Ethereum has raked in $1.5 billion in fees.

In many ways, Ethereum has already flipped bitcoin as the top crypto asset. It has 4X as many users. And it collects 60X more daily fees than bitcoin.

Ethereum is worth about $440 billion today. Bitcoin is worth roughly $900 billion.

I’m predicting 2022 will be the year Ethereum overtakes bitcoin and as the #1 crypto asset.

  • Ethereum, along with most other cryptos, has sold off lately…

This is a great opportunity—especially if you’ve been hesitating to invest in crypto.

In the past month, bitcoin plunged 27%. Ethereum is down 12%.

More importantly, some of the best businesses in crypto are selling for 50% less than they were just a few weeks ago.

These are among the fastest-growing, most cutting-edge businesses in America.

I have the majority of my family’s money invested in crypto businesses.

And markets are handing us the opportunity to buy more at a 50% discount.

I’m taking advantage.

Are you?

The Great Disruptors: 3 Breakthrough Stocks Set to Double Your Money"

Get my latest report where I reveal my three favorite stocks that will hand you 100% gains as they disrupt whole industries. Get your free copy here.

By Stephen McBride

© 2021 Copyright Stephen McBride - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in