If you could go back in time and invest in early startup internet companies such as Google and Amazon, by now you’d be able to buy your own goldmine. Most experts agree that early crypto investors will have the same opportunity to create generational wealth as early internet investors. So the question is, which cryptocurrencies might produce the same kinds of millionaire-making returns as companies such as Google and Amazon have?
Here are three crypto assets that could put you on the road to a delightful retirement. One is a store of value, one is a global virtual computer system, and one is a digital diversification platform.
Uniglo (GLO) — Making diversified crypto investing simple
Uniglo is a soon-to-be-launched DAO (decentralized autonomous organization) with the mission of helping crypto investors to diversify their investments. The DAO will be investing in a variety of digital assets such as cryptocurrencies, digital art, and tokenized real-world assets including things like gold and collectibles. All you have to do to take part in the DAO is to buy and hold the GLO token. All holders get to vote on which assets are purchased.
A portion of profits from assets that are sold is used to buy GLO tokens off of exchanges and burn them. Moreover, a 1% “tax” on all GLO sales and purchases is also used to buy back and burn tokens.
These two burn mechanisms assure that the supply of GLO tokens is constantly reduced, making the token more and more scarce over time. Each buyback also raises the price of the token. And the more profit Uniglo generates, the faster GLO tokens are burned.
These burns have additional benefits to holders aside from increasing price and decreasing circulating supply. For one, they encourage very early adoption. Over the coming years and decades, early adopters will reap the benefits of the continually deflating supply of GLO. Moreover, it encourages long-term holding. And finally, it greatly reduces the volatility of the token.
Uniglo launches in Q4 of 2022. The token is currently in presale mode. The presale is broken up into three rounds with the price of the token going up at the end of each round. Crypto investors can take part in the Uniglo presale by visiting their website at uniglo.io.
Bitcoin (BTC) — The apex store-of-value crypto
Bitcoin is the undisputed heavyweight of the crypto world with the highest market cap of any cryptocurrency. While BTC can be used as a currency, more than two-thirds of the supply of the token is already in the hands of long-term holders. The fact that this has changed very little through a brutal bear market all but ensures that the percentage of BTC held by long-term investors will only go up.
Predictions for the price of Bitcoin by the end of the decade range from hundreds of thousands of dollars to a million dollars or more. Even just a $100,000 price would provide 4X returns from today, while a million dollar coin would return 40X before the decade is over.
Ethereum (ETH) — The global virtual computer system
Ethereum is a programmable blockchain that acts like a global, decentralized computer system. It’s also the #2 cryptocurrency today. The network has more developers and supports more Web3 platforms than any other.
It’s going to be very hard to unseat Ethereum from the #2 spot. Predictions for the price of ETH by 2030 are almost always in the tens of thousands of dollars — some even higher. A price of $15,000 would return 10X from today while a price of $60,000 would bring astounding 40X returns in just 8 years.
(Its never a good idea to put all your money in one asset. This, it’s worth noting that BTC and ETH are likely to be part of the Uniglo portfolio.)
Learn more here
Join Presale: https://presale.uniglo.io/register
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.