David Swensen, who’s known as Yale’s ‘Warren Buffett’ because of his investing success with the university’s endowment, is making his first big bets on cryptocurrency following the recent swoon in the price of bitcoin and other digital currencies, according to CNBC – https://www.cnbc.com/2018/10/05/yale-investment-chief-david-swensen-jumps-into-crypto-with-bets-on-two-silicon-valley-funds.html
Swensen, who is chief investment officer of the university’s $29.4 billion endowment, has invested hundreds of millions of dollars in two venture funds dedicated to cryptocurrency, according to people familiar with the matter. It will only be a matter of time until other large institutional endowments will follow, according to financial experts. But he is not the only one who sees this as an opportunity to jump in early in this exiting arena.
At a recent cryptocurrency summit in Los Angeles, Apple co-founder Steve Wozniak was quoted as saying:
“You can look at Bitcoin as the example, the gold. And it’s just like – oh my gosh, no control anywhere. And it really works. People said that about small computers in the early days, ‘This won’t be anything.’ No big company would invest in it. My company Hewlett Packard turned me down five times… Bitcoin really got our attention towards what blockchain could be.”
Something that is surely on their radar is the fact that less than half of all millennials have invested in the stock market. Whether it is disinterest or just overall mistrust of the markets due to their experience in witnessing The Great Recession, this is an emerging marketplace they are flocking to due to an all too familiar stock market rise in volatility and leaving people looking for another attractive avenues to invest.
The beauty of investing in online cryptocurrency trading is in the fact that you have total control over every decision you make in a 24/7 market which allows you to trade at your convenience. This can be from your laptop at home, or on your phone while at work making the trades that will one day allow you to leave that miserable place.
But don’t take our word for it. We spoke with Jean, who has now become a stay at home dad due to using The Economist Method and he said this: “I have been a stock investor and currency trader, and hearing all the hype about crypto currency and this Bitcoin thing that just kept going up, I sought out a company that could help me get into all this. I’ve seen similar rises with companies like Google and Facebook, and I didn’t want to miss out this time as I had before! This was my first steps into the Cryptocurrency world and for the first time when trading I have felt confident in my decisions. I have made 3 times on my trading capital under 3 months and with the market making large moves.”
However in the last year, there have been difficult restrictions trying to sign up to trade on these exchanges which has made it extremely challenging for people to sign up and become active in these potentially lucrative coins. What we’ve done is streamline the process in order to get as many new customers signed up as possible, but unfortunately there are only a limited number of accounts that can be added per day.
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EDITORS NOTE: Due to demand, a limited number of registrations can be accepted per day. If you can see the form below then this means there is still availability. If you don’t see the registration form, please try another day.