How To Invest In The Blockchain Boom
ROCHESTER, NY / ACCESSWIRE / October 27, 2015 / In 2014, Marc Andreessen, the famous Silicon Valley's venture capitalist, listed blockchain technology as the most important invention since the Internet itself.
And if watching where savvy institutional investors place their bets is any indication of future potential, it looks like he may be right.
Blockchain technology is arguably the hottest trend in modern finance. According to CoinDesk nearly 200 VC firms have invested more than $800 Million dollars in blockchain companies since 2012.
Startups and VC's aren't the only ones all excited about blockchain either, well established mainstream companies are also investing heavily in Blockchain technology projects as well.
Just last month 13 more banks joined a coalition lead by Goldman Sachs, JPMorgan, Credit Suisse, and Barclays of banks looking to take blockchain technology to the mainstream financial sector. These are big banks like Bank of America, BNY Mellon, Mitsubishi , UFJ Financial Group, Citi, Commerzbank, Deutsche Bank, HSBC, Morgan Stanley, National Australia Bank, Royal Bank of Canada, SEB, Societe Generale, and Toronto-Dominion Bank
With so much buzz around betting on blockchain, it's no wonder that Main Street investors are now asking themselves how they can join Wall Street and Silicon Valley and invest in this technology in order to enjoy a piece of the profits from this 'next tech revolution'.
Investing in Blockchain
How you invest in Blockchain depends on how much risk you're looking to take and what kind of upside you are looking to reap.
For conservative investors, the lower risk play is investing in the stocks of any of the major financial services companies that are increasingly experimenting with blockchain technology to improve the services they are able to offer clients at the same time as reducing costs because improving the customer experience and reducing costs is a sure fire way to improve earnings which will ultimately bring in buyers over the long haul.
However, if you are willing to accept more risk in exchange for higher returns, invest in more pure Blockchain technology plays, like BTCS, Inc. (BTCS), Hashing Space Corporation (HSHSE), or Global Arena Holding, Inc. (GAHC).
Of the bunch, we have our eye on Global Arena Holding Inc. GAHC.
Global Arena Holding, Inc. announced Monday they have acquired a stake in New York City's Blockchain Technologies Corporation ("BTC"). BTC is a blockchain and cryptocurrency software technology company and startup accelerator with several startups and patents already in place.
One of the startups in the accelerator is Blockchain Apparatus LLC., who is creating a voting application based on blockchain technology. This is very interesting because GAHC already operates in the voting space and their subsidiary would be the perfect vehicle to roll out this new technology to market giving GAHC a big leg up on the competition.
Investing in Global Arena Holding Inc. may be a smart strategy because with one investment in GAHC you get multiple kicks at the cat. If any one of the Blockchain Technology portfolio companies hits it big GAHC shareholders will benefit as well.
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