Big Reveal…. SOLANA!!! - Jan 2024 (#2)

Hello again, dear reader. Your dude Brent is back for more. Can’t tell you all how much I appreciate the kind words as I’ve launched this thing. Let’s get to it!

Motivation

Money

The Bitcoin ETFs were finally approved. No joke its been 10 years since the Winkelvii (of Facebook fame) applied for the first one. Bitcoin has now been around for 15 years, thats FIFTEEN, years! For perspective 15 years ago Barack Obama had just been elected and anyone not living under a rock was gettin down to Low by Flo Rida. So ya… been a minute. Yet STILL people talk like it’s some sort of fad. To be fair, I thought Crocs and Pokemon cards were fads too, but that hasn’t aged well either (although putting Crocs on your kids is still child abuse). Bitcoin and the technology behind it aren’t going anywhere so its time to get used to the idea.

Why is an ETF a big deal? So before these ETFs came out it was a PAIN to buy Bitcoin. In order to buy you either had to get set up on a crypto trading platform that operates in a legal gray area (for the US anyway) or do a lot of technical computery stuff that the average person isn’t about to do. Now? You can use a regular old brokerage account to buy. You can even put it in your retirement. Now the biggest funds in the world can buy crypto and its completely legal and tidy. So basically now your grandma can easily buy bitcoin.

At this point you may be asking… so why should I care? Well, whenever there’s technological revolution taking place, there is money to be made! And yes, while that revolution is taking place there are ENORMOUS price swings, but that’s just par for the course with new technology. Take a look at Amazon stock during the early years. Multiple times it’s value cut in half, one time it went down 90%. Sound familiar?

Bitcoin and the technology behind it is a huge step forward in transferring value for the following reasons:

• Bitcoin is insanely SECURE. No one’s been able to hack into the network for their own benefit. If they had it would have all gone to zero long ago.

• Bitcoin is DECENTRALIZED, which is a fancy way of saying there is no single source of failure. You’d have to take down the internet to take down bitcoin

• Bitcoin is near instant SETTLEMENT. Ever send a wire? Takes two days at least. With bitcoin you can send value over the internet worldwide in a minutes. Anything quicker is actually banks and financial apps lending you money for IOUs.

So I am all about Bitcoin, but that’s a longer term play in my mind. I fully expect the returns on bitcoin to slowly drop as it gains more social acceptance. I think of it more as an insurance policy against how badly the government sucks with money. As there can only ever be 21 million bitcoin and governments can print however much money they want. Seriously, the cold hard truth is this… there are people in the highest positions, who create more money than you earn in your lifetime out of thin air, with just a few keystrokes on their computers…

Alright then, so what am I doing? My largest position (outside of Real Estate) is in a cryptoasset called SOLANA. Why? Because of the legendary Wayne Gretzky says to skate where the puck is going remember? And I got my skates on baby!

However, to really Explain why SOLANA, I’ve got to explain what I look for. So I’ll be doing a series explaining three things that cryptoassets have to balance. There’s obviously more, but I’m keeping it simple as it can get super boring super quick unless your a massive nerd like.

A cryptoasset needs to be:

1. Fast

2. Cheap

3. Secure

I’ll be breaking down all three as well as how Solana does on each. So let me leave you with one fact to wet your appetite for next weeks discussion about speed. Solana is several THOUSAND times faster than bitcoin and millions of times faster than a traditional bank wire.

FINAL MEMES

That’s it peeps! Until next time!

Copyright (C) 2024 Ann Royal Advisors All rights reserved.
The information contained on this Newsletter and any resources available for download through this newsletter are not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, CPA, or financial advisor, nor am I holding myself out to be, and the information contained on this newsletter is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. Make your own choices and don’t sue me please.


Our email address is:
[email protected]