Cryptocurrency

It was a moment of change, a fundamental shift in history.

Once again in 2017, the 15th of December will mark another historical moment for Bitcoin, Blockchain, Crypto and the world.

Let’s look at a few of these and compare ‘use cases,’ intrinsic value and bubbles. In the 1400’s Gutenberg invented the printing press, and this changed the course of history, pulling the world out of the Dark Ages and into the age of the Renaissance. Before the printing press, all knowledge was controlled by the Church and the Monarchs and then with the printing press, it enabled the democratisation of knowledge. This enlightenment led to the French Revolution, the Bill of Rights in America, the Statue of Liberty and ultimately the political freedom most people enjoy today. Clearly, the printing press had a valuable use case, intrinsic value which was understood and used by all.

Then came the steam engine leading to the Industrial Age and a move of wealth from the Monarchs and the Church to Industrialists and even the Middle Class. With it came the advent of education for all and further democracy, which led to the rise of the Middle Class, equal rights for women and people of all races. People like Henry Ford in 1908 made the automobile available to all, changing the mobility landscape of American cities and furthermore, the world. This democratised transportation and evidently had a use case, intrinsic value that everyone understood and used.

In contravention to this, there have been bubbles where people got caught up in the hype of the “new thing”. Whether it was Tulip Manor in Europe in the 1700’s, the Roaring Twenties of the Stock Market or the Dot.com boom/bust, it can be put down to one fundamental law of nature – intrinsic value and use case vs hype.

While Tulip Manor might have had a use case at the time, they had no intrinsic value, hence the inevitable crash which never recovered. The Stock Market had a use case as more and more people got involved in the 1920’s, but the prices got inflated to a point where there was no intrinsic value left resulting in the crash which took more than a decade to recover. The internet clearly had a use case, but again many of the valuations of the dot.com companies had no intrinsic value, with no revenue and/or business model. Thus, the crash and only the companies where the fundamentals were favourable, one’s with a use case that had intrinsic value, like Google, Ebay, Alibaba, Sales force, Amazon, etc., not only survived but went on to thrive.

What can we learn from history and why is the 15th of December 2017 so important?

Bitcoin, and many other crypto’s; are built on the Blockchain, a technology which is going to lead to the solution to solve the greatest challenge on the planet – The Wealth Gap.

With the Wealth Gap widening every year and 80 people having more wealth than the poorest 3,5 billion people on the planet, something must change. In addition to this, 49% of the world’s wealth is held in real estate and yet only 12,9% of the world’s population has access to real estate which is problematic. In the western world, of this 12,9% who have access, less than 1% of people will retire wealthy at the age of 65. These alarming statistics call for action.

Is Bitcoin going to solve this? No. It does not have intrinsic value. It might have a use case, but there is a lack of understanding and trust from people worldwide. This can be illustrated through comparison with real estate and its intrinsic value which is understood by a rice farmer in China, rickshaw driver in India, a goat herder in Africa or an investment banker in New York.

Blockchain, on the other hand, will ultimately democratise wealth for all. The defining moment being the December 15th, 2017 launch of WealthETM Coin.

The WealthETM Coin is a crypto currency, built on the Blockchain and based on real estate. This innovation marries together the fundamentals of use case, intrinsic value, and comprehension. History has shown that these fundamentals are essential for mass market sustainable success!

Like in 1791, as the Bill of Rights was ratified into the USA Constitution, making this day a defining moment for political democratisation, the launch of the WealthETM Coin will be a defining moment in history for the democratisation of wealth for all.

Be part of history and help solve the greatest challenge on the planet – The Wealth Gap. Let’s empower the 99% of the world’s population with the same access to wealth as the top 1%. Visit www.wealthe.io for more information and be part of the solution.

Create the future you want to be part of.

People are talking about it. Price is going up. It MUST  have value…

3 weeks ago I realised the world had changed. My Aunt (who is a very special part of my life) and who barely can use a SMART phone, asked how to buy Bitcoin. I knew we were now through the early adopter phase and probably into the next boom bust phase. They always say in real estate, ‘When your hairdresser is talking about buying investment property it is time to sell!’

Don’t get me wrong, crypto currencies are here to stay, but just because you can write a ‘white paper’ does not mean that you can create value.

Being an entrepreneur for more than 15 years I have learned one thing in life. You are only worth the ‘value’ you create!

Let’s take a few steps back. In 2008 Satoshi Nakamoto invented Bitcoin and more importantly in the process invented Blockchain. 2 years I got laughed at by my corporate mates when I told them how blockchain is going to change the world and yet 2 years later many people (including me) think that Blockchain is going to have a bigger impact on the planet than the internet itself.

Saying this, since we at Wealth Migrate understood blockchain, we have been aggressively building the solution. We knew it held the answer to our question of solving our vision of making real estate investment as simple as a swipe of the finger from $1. It can remove all the friction of not only local investments but also international investment.s

Long before we had ever heard the word ICO we embarked on the development of your Trusted Global Real Estate Marketplace. In October 2016 we launched the first global platform in real estate which was built on the blockchain. The intention was to build critical mass and then overlay it with a cryptocurrency based on real estate.

Our logic was I have a Master Degree in Technology (Cum Laude) (Greenwich, London) and I battle to understand the value of Bitcoin. How is my mother, who is a teacher, and my brother, who is a doctor, ever supposed to understand it?

However, every single person on the planet – all 7 billion, no matter how poor or unbanked, understand the value of land and real estate. Equally, it has intrinsic value which can be measured in every local market and is real, tangible and understood. Better than gold, which just sits in a vault and you ‘hope and pray’ it retains value and/or increases, real estate actually earns you an income while over the long term increases in value.

There is a reason that there are sayings like, “He who owns the land is King.”

We decided to reverse engineer the problem. Crypto’s are here to stay, however they are very volatile and the majority don’t understand them. Therefore why not create a crypto which is based on real estate. It is asset backed by real estate, has an intrinsic value and most importantly is understood by the entire global population.

On the 30th of August 2017, we unveiled to the world the solution. WealthE (TM) Coin a crypto which is asset backed by real estate.

From our last count, there are 10 ICO’s which are launching based on real estate. The only difference with us is that we are not a white paper. I wrote a dissertation on how technology was going to change real estate in 1998 and have spent the last 19 years trying to marry real estate and technology together. We have not only built the platform on the blockchain, but we have moved $62m through the platform and have investors from 40 countries. Yes, that is already more than 20% of all countries on the planet.

Our Global Real Estate portfolio is worth $362 million and is based on 4 continents… This is tangible, real and not a ‘white paper’ or an idea.

We are now ready and it is why we are launching WealthE (TM) Coin to enable investors. This is more than an idea, this is the future of real estate and is already happening.

Is the crypto market going to crash? Definitely. It is a classic dot.com boom/ bust which is about to happen, but like in the early 2000’s when the internet bubble burst, many companies went bankrupt but the great ones, with solid fundamentals, not only survived but thrived. Amazon, Google, Alibaba, Salesforce etc struggled initially, however the crash turned out to be the best thing which could have happened to them. 

I learned a long time ago, the best way to manage risk is to work out the worst case scenario and if you can manage it then everything else is the upside. We have measured the risk and we believe if we can work with the best on the planet, we will build something which is not only robust and will out live a crash but will be world class and become the world standard for real estate. An example of this is David Orban, a faculty member at Singularity University and an expert on blockchain and token/coin design. He is helping us build the solution the world needs.

Everyone in the ICO space is focused on speed. We are focused on quality.

If you want to know more then sign up on our platform – click here – and we will let you know when you can participate in something of quality which is sustainable.

Real Estate the new gold? We think so …

A final comment is that 49% of the world’s wealth is held in real estate, yet only 12,9% of the world’s population has access to it. On top of this, of the 12,9% less than 1% will retire wealthy at the age of 65. This is disgusting and it is time for a change. We are one of the drivers behind the Wealth Movement which is aiming to empower a billion people by 2020 and make a better and more sustainable planet for all. WealthE (TM) Coin is the catalyst which will allow this to happen!

I leave you with our manifesto:

Imagine a world…

A world where most or all people are literate

A world where education is par for the course

A world where woman are treated as equals

A world where all people have access to (investment) opportunities

In this world children will grow up in a family, and raised in a home their parents own.

Because of this, they will be healthier and have access to healthcare facilities and caregivers.

They live in less stressful environments with less conflict in their homes.

Imagine a world where 6 billion people on the planet who currently live in poverty can live a better life …

…Even if we can only help a billion in the next 5 years

Imagine that world

#WEALTHMOVEMENT aims to create that world

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Create the future you want to see. We have events all around the world in the next 3 months and so don’t miss out world tour in UK, UAE, South Africa, USA, Australia, China, Singapore, Indonesia & Malaysia… Sign up to stay informed.

Thanks

Scott Picken

Founder and CEO of Wealth Migrate