Neil here.
Around 14% of the United States currently invests in crypto.
And 65% of folks are interested in learning about it and investing in it.
All of that interest in the crypto world has brought with it a brand-new term, and it’s the perfect way to describe what’s been happening in the market over the past few weeks.
That term is “coin crowding.”
Coin crowding literally refers to people “crowding” or rallying around certain crypto coins… and it’s driving up the value of those coins every single day.
If we’ve learned anything from watching Bitcoin (its value has nearly doubled this year), then we know that it’s just the tip of the iceberg for what’s coming for other cryptocurrencies.
Ethereum, for example, is up 390% from the beginning of this year, with its price hitting $3,598.00 earlier this month. Litecoin’s market cap is currently around $24 billion, which is a remarkable increase from its $10.1 billion cap at the start of January 2021.
Even some lesser-mentioned and smaller altcoins are building traction. Tether, the most popular of “stablecoins,” made waves back in February this year when it achieved a $109 billion 24-hour volume. DigiByte and SafeMoon are smaller cryptocurrencies that have also been on the rise as of late.
Some major investment banks like JP Morgan Chase and Godman Sachs have already begun incorporating crypto capabilities into their operations, making it easy for clients to hold, buy, and sell cryptocurrencies. A partnership between Fidelity National Information Services and the New York Digital Investment Group has hundreds of other banks enrolling in their program to begin offering Bitcoin access to their customers.
Paypal is getting in on the action, too, with new programming that allows its users to pay over 20 million merchants with crypto instead of through their normal bank accounts.
With new strides to build crypto capabilities into existing platforms, these banks and companies are going to have to find better ways to guarantee that customers’ transactions are safe and secure. And it only makes sense for them to turn to startups that are offering new software designed to help users store, manage, and protect their transactions.
There are already some promising companies in the space, too. One startup called Bizzllet, based in Germany, is developing software to securely distribute a company’s crypto portfolio to multiple digital wallets. The company is currently testing its platform in user sessions to bring human-computer interactions to their peak potential.
Fetch.AI is another startup coming into the space, and it’s using artificial intelligence to identify and flag illegitimate transactions within its platform. The software prioritizes risk prevention, and provides options for risk management when illegal activities do take place. The company raised $15 million in its seed round in 2018, and has secured about $26 million total in funding as of March 2021.
The banking and digital payment industries are going to cling to startups like these when cryptocurrency trading becomes commonplace on their virtual platforms… and angel investors are in the best place right now to profit off of them the most.
As these new security-focused companies continue to hit the startup world, it’s becoming clear that they all seem to have something in common… and that thing is blockchain.
Blockchain is the groundbreaking technology that’s infiltrating all of our most prominent virtual operations right now. And there’s a good reason why.
Blockchain tech stores and sense information in the most secure way possible. That means that it’s not only good for cryptocurrency banking, but it can (and will, I think) be used to protect our cloud storage, personal records, and business operations from data and security breaches.
Blockchain presents an entirely new opportunity for angel investors because the industry is relatively young. This is the angel investing sweet spot. I’m expecting the number of blockchain startups to reach the clouds in the next few years, and the number of companies that will integrate blockchain into their operations is going to mirror that trend.
I always have my eyes peeled for the next potential unicorn for you, but right now I’m thinking about an expert who is eyeing five different blockchain companies that are making an absolute killing in the industry right now.
He’s getting this information to you before it reaches the general public, so you can get out ahead of the curve before the industry really takes off.
This is going to be big, so click here to get the details now.
That’s all I have for you today. I’ll be back soon with another update.
Until next time,
Neil Patel
Around 14% of the United States currently invests in crypto.
And 65% of folks are interested in learning about it and investing in it.
All of that interest in the crypto world has brought with it a brand-new term, and it’s the perfect way to describe what’s been happening in the market over the past few weeks.
That term is “coin crowding.”
Coin crowding literally refers to people “crowding” or rallying around certain crypto coins… and it’s driving up the value of those coins every single day.
If we’ve learned anything from watching Bitcoin (its value has nearly doubled this year), then we know that it’s just the tip of the iceberg for what’s coming for other cryptocurrencies.
Ethereum, for example, is up 390% from the beginning of this year, with its price hitting $3,598.00 earlier this month. Litecoin’s market cap is currently around $24 billion, which is a remarkable increase from its $10.1 billion cap at the start of January 2021.
Even some lesser-mentioned and smaller altcoins are building traction. Tether, the most popular of “stablecoins,” made waves back in February this year when it achieved a $109 billion 24-hour volume. DigiByte and SafeMoon are smaller cryptocurrencies that have also been on the rise as of late.
So what’s making coin crowding the next big thing?
One of the reasons stems from companies and institutions acting on their interest in adopting more crypto platforms. And for angel investors, that could mean an influx of startups entering the market to give these companies exactly what they need to get started.Some major investment banks like JP Morgan Chase and Godman Sachs have already begun incorporating crypto capabilities into their operations, making it easy for clients to hold, buy, and sell cryptocurrencies. A partnership between Fidelity National Information Services and the New York Digital Investment Group has hundreds of other banks enrolling in their program to begin offering Bitcoin access to their customers.
Paypal is getting in on the action, too, with new programming that allows its users to pay over 20 million merchants with crypto instead of through their normal bank accounts.
With new strides to build crypto capabilities into existing platforms, these banks and companies are going to have to find better ways to guarantee that customers’ transactions are safe and secure. And it only makes sense for them to turn to startups that are offering new software designed to help users store, manage, and protect their transactions.
There are already some promising companies in the space, too. One startup called Bizzllet, based in Germany, is developing software to securely distribute a company’s crypto portfolio to multiple digital wallets. The company is currently testing its platform in user sessions to bring human-computer interactions to their peak potential.
Fetch.AI is another startup coming into the space, and it’s using artificial intelligence to identify and flag illegitimate transactions within its platform. The software prioritizes risk prevention, and provides options for risk management when illegal activities do take place. The company raised $15 million in its seed round in 2018, and has secured about $26 million total in funding as of March 2021.
The banking and digital payment industries are going to cling to startups like these when cryptocurrency trading becomes commonplace on their virtual platforms… and angel investors are in the best place right now to profit off of them the most.
As these new security-focused companies continue to hit the startup world, it’s becoming clear that they all seem to have something in common… and that thing is blockchain.
Blockchain is the groundbreaking technology that’s infiltrating all of our most prominent virtual operations right now. And there’s a good reason why.
Blockchain tech stores and sense information in the most secure way possible. That means that it’s not only good for cryptocurrency banking, but it can (and will, I think) be used to protect our cloud storage, personal records, and business operations from data and security breaches.
Blockchain presents an entirely new opportunity for angel investors because the industry is relatively young. This is the angel investing sweet spot. I’m expecting the number of blockchain startups to reach the clouds in the next few years, and the number of companies that will integrate blockchain into their operations is going to mirror that trend.
I always have my eyes peeled for the next potential unicorn for you, but right now I’m thinking about an expert who is eyeing five different blockchain companies that are making an absolute killing in the industry right now.
He’s getting this information to you before it reaches the general public, so you can get out ahead of the curve before the industry really takes off.
This is going to be big, so click here to get the details now.
That’s all I have for you today. I’ll be back soon with another update.
Until next time,
Neil Patel
Follow @angelsandentrepreneurs
