It feels like 2017 again. Bitcoin can't stop making headlines or hitting new highs. The cryptocurrency has been on fire this year - as I predicted it would be. And this past weekend, it set a new peak price of $28,352! Year to date, Bitcoin has stormed upward 280%. That leaves the Dow Jones Industrial Average, Nasdaq and S&P 500 in the dust. Now, I believe Bitcoin's run will continue into 2021. And earlier this month, I forecast its price would top $30,000 in the year ahead (more to come on my 2021 predictions on Monday). Here's the deal: A lot of investors are charging into the cryptocurrency space. But this is a fantastic opportunity to remind investors that what's important here is bigger than just Bitcoin, Ethereum, Litecoin or Ripple. The most powerful aspect of digital currencies is the technology that makes them possible: blockchain. "Big Blue" and MangoesBlockchain has moved from the fringes to the mainstream. You may not realize it, but every day, your life is being affected - improved - by blockchain. And that's not just because the value of your crypto portfolio is skyrocketing. There's a multibillion-dollar push into blockchain from the biggest names in almost every industry. Originally, blockchain technology was seen as an innovation that could be useful only in financial services. But now we realize it promises so much more. In a pilot program that began in 2016, Walmart (NYSE: WMT) partnered with IBM (NYSE: IBM) to protect its food supply chain process with blockchain. With 600 million cases of foodborne illness each year, it's important to be able to track down contaminated shipments. |
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