Upon hearing the news that Thomas Edison was working on an electric light bulb, a committee in Britain’s Parliament said that was “good enough for our Transatlantic friends … but unworthy of the attention of practical or scientific men.”
Okay. Missed that one.
Of the first smartphone that would change so much in our lives and our world, former Microsoft (NASDAQ:MSFT) CEO Steve Ballmer famously said, “There’s no chance that the iPhone is going to get any significant market share.”
Another swing and a miss.
Listen, I’m not trying to pick on Ballmer or Parliament or anybody else. They weren’t alone in their thinking …
This is simply the nature of innovation.
Amazon (NASDAQ:AMZN) founder and CEO Jeff Bezos, who also happens to be the richest person in the world, said, “If you’re going to do anything new or innovative, you have to be willing to be misunderstood.”
Breakthrough innovations are frequently misunderstood at first … but that makes it the absolute best time to invest.
And that’s exactly why I’m focused on a game changer that is still misunderstood. In fact, I’m about to release my next pick …
Cryptocurrencies and the blockchain technology they are built on will change just about everything. The way you buy everyday goods and services … purchase a home … pay your taxes … vote … even how you order a pizza.
This transformation is already underway. We can see it happening.
And yet, there is still a ton of misunderstanding and outright misinformation about what cryptocurrencies and the blockchain really are … and what they are not.
Still, the seismic shift is starting. More consumers, investors, corporations and governments are waking up to the fact that cryptos and the blockchain are some of the most valuable and revolutionary technologies ever created.
This realization is still in its early stages, which makes right now the time to invest for potentially massive returns.
I would say that 99% of people still misunderstand cryptocurrencies. They are not fantasy internet money. They should not even be thought of as another form money, though that’s part of it.
They are decentralized, open-sourced technologies that run on a network of linked computers called the blockchain.
That makes them incredibly valuable software.
Decentralization — where no one source controls the coins — makes blockchain the cornerstone of a populist revolution that’s sweeping the country today. DeFi, short for “decentralized finance,” is a huge catalyst turbocharging what I call Blockchain 2.0 — the next phase of awareness, adoption and applications.
The biggest winners in this next phase will be altcoins, which are any cryptocurrencies besides Bitcoin (CCC:BTC-USD). Like lesser-known small-cap stocks, the best altcoins have even more upside potential than Bitcoin … and that’s saying something.
DeFi may be one of the hottest sectors in cryptocurrencies right now, but as crypto…