Cryptocurrency and how it is going to create a real-estate boom
Have you ever wondered what business the Founder of McDonalds was in? I will give you a clue it is not the hamburger business. McDonalds is the single largest owner of real-estate in the world. There is a McDonalds in what seems like every city across the United States. When I was in military I realized that McDonalds is the same way in other countries on almost every corner. McDonalds Corporate owns the property that the franchises sit on and they lease the land back to the franchisees. This is a genius business model.
Another institution that is on almost every corner other than gas stations are banks. There are banks or credit unions of some kind on every corner. Where is there is a Chase Bank close to it will be a Wells Fargo or Bank of America. The banks are hug financial institutions that employee thousands of people in their member branches. The financial industry is in a situation today that has me thinking that many of these branches will start to close soon due to cryptocurrencies gaining popularity. Banks make millions of dollars off of people with their fees for just about everything. Cryptocurrencies threaten this industry due to their ability to transfer money from peer to peer (P2P) for very little money and most of the time free of charge.
With cryptocurrencies like Bitcoin, Litecoin, Etherium and many more gaining in value and popularity this has the banks running scared. JP Morgan Chase is just one financial institution that is looking into the validity of cryptocurrencies. If people start to lean more towards cryptocurrencies and P2P transactions the banks will start to lose business. As people begin to pull their money out of the banks these financial giants will start to lose profits thus forcing them to either decrease their personnel or decrease their real-estate footprints. If the banking industry dives into the cryptocurrency world they will realize that they no longer need to have thousands of branches open across the world. This is the real-estate boom that I speak of. All the land and buildings where these banks sit will soon start to become available to purchase as the banks begin to try and recoup their profits.
This has happened before in history and as you know if we fail to learn from history we are doomed to repeat it. The saying “worth the salt” is derived from a time when salt and other spices were valued and traded as a currency. The US Dollar used to be backed by precious metals the US Gold Standard and even a couple hundred years ago Spain used to have a paper currency that was backed by Silver, Silver Notes. Then in the 1970’s the USA was taken off the Gold Standard and our US Dollar basically became worthless. I say this because there is nothing backing the valuation of our dollar other than the faith that people have in our government’s ability to pay its debts. With our debt increasing this poses a problem because the value of our dollar is not increasing at the same rate. What do we do to fix this? Our politicians tell the Federal Reserve to print more money. Basically our dollar is kind of like a cryptocurrency.
Enter the digital cryptocurrency. Bitcoin has proven that cryptocurrencies can work. Bitcoin in 2008 was worth $0.14 and today in 2017 is valued at over $2500.00 for one bitcoin. An investment of $5000.00 in bitcoin back in 2008 would be worth $87 million dollars today. Now there are a lot of cryptocurrency coins out there www.peerity.io is a new one that stands to revolutionize the cryptocurrency market. They plan to take what facebook does as a social media and what steemit does with rewarding its members for posting and combine them together. Imagine posting something cool on facebook and getting paid for posting it. There is an investment side to this as well. Just like bitcoin purchase a certain amount of peerity tokens and hold on for the ride. As they gain value you create wealth. There are other investment opportunities as well but for those you will need to read the whitepaper on www.peerity.io.
This new and revolutionary cryptocurrency / social media venture could pave the way for you to take advantage of the real-estate boom that is going to occur soon between 2017 and 2018. Just imagine buying bitcoin in 2008 and being a multimillionaire a couple of years later. Then you could purchase and flip these bank properties like real life monopoly.
