Bitcoin is a Long Term Buy

Bitcoin is a Long Term Buy

Bitcoin is a Long Term Buy

Short Term:             Overbought

Intermediate Term: Bullish

Long Term:               Bullish

The next big news for crypto currency will be sovereign wealth funds and governments. Will they be ready to make a public investment into crypto next year?

 It’s actually technically already happened, albeit not directly. The Norwegian Government Pension Fund, also known as the Oil Fund, now owns almost 600 Bitcoin (BTC) indirectly through its 1.51% stake in Micro Strategy.

Bitcoin is a Long Term Buy
Bitcoin is a Long Term Buy

 An open and public investment by such an entity would be a show of trust that could set off a frenzy of government activity. If institutional investment brought mainstream respectability to Bitcoin and other cryptocurrencies, imagine what the backing of a sovereign wealth fund or government would do?

 The recent Bull Run has certainly started people talking, but compare the media attention in 2017 to this time around. It’s been limited, to say the least.

If the bitcoin price continues to rise – as many suspect it will – this may drive another wave of headlines and again cement cryptocurrency firmly on the front pages. This puts cryptocurrency firmly back in the public consciousness, potentially lighting a fire under consumer demand.

There are a number of reasons why this could be, but chief among them is that this bull run has been driven fundamentally by institutional demand rather than retail.

An increase in media attention would certainly change this, but perhaps even more important is that it’s now easier than ever to buy crypto currency, with the success of Luno and Coinbase, supporting customers around the world, but also the likes of PayPal and Square are seeing huge success in the US. They’re currently buying the equivalent of 100% of newly minted bitcoin just to cover the demand they’re getting from US customers.

There is another element. This latest bull run for the crypto ecosystem as a whole is proving that there is an appetite for tokens that do more than just act as a store of value (i.e., bitcoins) and now tokens with more specific and sophisticated use cases are becoming more popular.

The Lucky Club

The Lucky Club is a fun way to start a very serious project.

Cryptocurrencies, Decentralized processes and the ever widening impact of Blockchain are going to have a major impact on the way things are done, who does them and who makes the money.

Bitcoin is a Long Term Buy

Where there were once huge barriers to entry, the door is now open.

Individuals can now access income from the type of business once reserved for Institutions, Governments and High Net-Worth Individuals. They can through Blockchain, DeFi and P2P protocols became bankers participating in income from trading, brokerage, settlements, fees, mortgages, finance, margin lending and a host of other financial services.

To start our build out we have decided to run a Beta program, “The Lucky Club” and there we are implementing technology we have already developed and building out new technology over the next 12 months.

Right now we have a seamless electronic interface between the platform and the trade desk allowing people to access an income stream from brokerage, margin lending, fees and commissions, and that is what we call TLC.

Hope and REET are the next 2 projects.

Hope is a Cryptobased online casino/sportsbook expected to be in full operation by 2021

REET is Blockchain based 1st Mortgage Business in South East Asia and operating in Thailand allowing P2P participation in Mortgage lending in the fastest growing region of the world, also expected to be operating in 2021.

Once we have sufficient momentum and have ironed out all the bugs, we will “rehome” to KEPRIA.

KEPRIA is a private economic and political research institute based in Asia that is steering the direction of model in terms of business, demand and political challenges.

Once homed in KEPRIA sometime in 2022 we will push out in to more markets, our push will be one based on building a better model through the Beta program and those members will participate in the upside of our success, hence they are the lucky ones.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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