Goldman Sachs Launches Its Own Crypto

Dear Reader,

Remember back in the day, when people everywhere were screaming about the cryptocurrency bubble?

They were saying the whole industry would collapse and everything would go to zero, and life would resume just as it had been before the whole craze materialized.

Those people aren’t screaming much these days. 

As inevitable as the correction was, so was the next step in the life cycle of the cryptocurrency revolution. 

And that next step is the mainstream market. 

Earlier this week, another huge sign that this mainstreaming moment had arrived came when Goldman Sachs-owned electronic payment firm Circle announced a “tokenized US dollar.”

Called the Circle USD Coin, it can be acquired by trading in physical dollars and will eventually be used for a variety of transactions — including casual, everyday purchases such as food, services, and household products. 

If the utility of something that behaves just like a standard dollar and requires a standard dollar to put in your pocket is lost on you, you’re not alone.

A Digital Dollar That Costs the Dollar

Function, however, may be secondary in this case. 

The USD coin is the first cryptocurrency ever to be released by a major financial institution, and that’s the true milestone here. 

Mainstream acceptance requires mainstream adoption by major backers. It’s been a fact for every disruptive technology to see the light of day since the advent of the corporation.

Today, that’s exactly what Goldman’s new product represents. 

Mainstreaming comes in many forms, however… and the USD Coin is just one.

This news came on the same day that Rex Shares LLC launched its blockchain ETF on the NYSE, bringing the total number of blockchain ETFs to five. 

These seemingly unrelated events underscore the fact that cryptocurrency and blockchain-derived investments are no longer viewed as fringe, and the products they make possible are no longer just fads or crazes. 

Once they become accessible and useful to the average consumer, which the USD Coin aims to do, the cryptocurrency market will enter a rapid but stable growth stage, mirroring what we saw happen with internet-based companies in the years immediately following the dot-com crash. 

It is therefore of paramount importance for investors to find their footing within this sector now, because there will not be another implosion in the offing to give latecomers a third chance to capitalize. 

Don’t Count on a Second Crash, Because It’s Not Coming

At Wealth Daily, we’ve been staying ahead of this trend since the very beginning. 

When the bulls were yelling buy more and ‘HODL’, we knew a correction was on the way. Once it hit and the old-school analysts and traditionalists were saying, “I told you so,” we were taking advantage of bargains to get back into the market. 

Today, we’re on the cusp of the real golden era of cryptocurrency investing. 

It’s no longer just a novelty and no longer just about Bitcoin and Ethereum. 

There are now almost 1,600 cryptocurrencies out there, and a handful of them have actual utility — a unique and valuable application. 

I sifted through the hundreds of cryptos on the market today and zeroed in on one — just one — that is best poised to explode in the post-crash market. 

The technology behind it is brilliant and does something no technological innovation in history has done: it takes unused computing power and consolidates it into the world’s biggest, most powerful supercomputer. 

That supercomputer will not be the sole domain of governments and multibillion-dollar corporations, but rather accessible to its independent users. 

This supercomputer will be able to make renderings, create computer models of things like aircraft and weather systems, solve incredibly complex math problems, and even create CGI.

A True Crypto Microcap

Few people have heard of these tokens, but those who own them tend to be more sophisticated than your average investor. 

As a relatively tiny “altcoin,” this is basically the cryptocurrency equivalent of a microcap stock. 

It comes with all the risk and all the reward of owning an early-stage technology. 

This has paid off lately, as the tokens recovered from the crash and have now more than doubled from 12-month lows. All indicators are now suggesting a straight shot back to 12-month highs and well beyond. 

If you’re like most people and missed it the first time around, then you’re in luck. 

Because there’s still a ways to go to before recovering those pre-crash highs — which means the window of opportunity is still open. 

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Fortune favors the bold,

Alex Koyfman

Check us out on YouTube!

His flagship service, Microcap Insider, provides market-beating insights into some of the fastest moving, highest profit-potential companies available for public trading on the U.S. and Canadian exchanges. With more than 5 years of track record to back it up, Microcap Insider is the choice for the growth-minded investor. Alex contributes his thoughts and insights regularly to Energy and Capital. To learn more about Alex, click here.