How Big Can SPInvest Get?
Hello and welcome to this SPinvest post
SPinvest is a tokenized investment fund/club for all users of social blockchains. Everyone is welcome! The concept of SPinvest is to get rich slowly by using time tested methods of earning, saving and compounding long term. This lets SPinvest offer an ROI of 20% per year on SPI tokens. We encourage long term investing on and off the blockchain. We hope someday everyone will HODL some SPI tokens that can be bought directly from @spinvest are through the hive-engine .
The cryptocurrency market just surpassed $1 trillion in market cap. That was a major milestone for an asset class that was completely dismissed by the mainstream financial arena just a couple years ago.
Of course most of that run is due to Bitcoin. The institutional interest in that token is incredible. Many are forecasting this is just the beginning.
Not to be completely overlooked is the fact that Ethereum has not entered the top 100 assets in the world, in terms of market cap.
As we can see, its total market cap is nearing $140 billion. This is providing a strong Robin to Bitcoin being Batman.
All this adds up to some truly stunning numbers when you think about it. Actually, they are completely mind boggling. For the average person, thinking in these terms is beyond what we can realistically envision. We are use to dealing in hundreds, thousands, perhaps, tens of thousands. Yet we we start discussing trillions, that is a completely different planet.
Which got me thinking, how big can SPInvest become? While we are not dealing with numbers like these, we need to focus upon what our project can become.
According to the last Holdings Report, SPInvest has around $69,000 in assets backing its token. For a project that started from scratch, at a time where there was not much confidence in what was taking place, this is not a bad position. After all, the project is less than two years old.
At the same time, it must be mentioned that it also achieved great returns the first 21 months or so. Thus, few who are involved are disappointed with the results.
The thing about cryptocurrency is that things can change in a hurry. One of the lessons from Ethereum this month is that even a big market cap, for this industry, can catapult into another dimension. SPInvest is one of those projects that has holdings in many different areas. A 10x is not uncommon in something like this.
With the motto, Get Rich Slowly, SPInvest seeks to keep adding to its holdings. The weekly activity done helps to bring in more asset value over time. That is the active part. We also see how the speculation part, although not the primary focus but when you hold crypto, it all is speculation, really can increase the value quickly.
A big part of the overall value of SPInvest is innovation. The more projects that are developed, the better it is for the entire fund. This year, we already got word that the Leo and Hive holdings will benefit SPInvest through air/claim drops. This is likely to enhance the value of the entire project.
As stated, a 10x is never out of the question in the world of crypto. Many are still talking about a 10x move in Bitcoin, even from these levels.
SPInvest will keep growing the same way it always has. Of course, this thing could take off if some of the holdings moon. In fact, the fund is benefiting from Bitcoin's moves these days.
Over time, could we see SPInvest with holdings worth $700K?
Let us know your thoughts.
Post done by @taskmaster4450
. SPinvest's content is contributed by @silverstackeruk, @no-advice, @metzli & @taskmaster4450
Today's post comes to you from @taskmaster4450
