Dear Reader, Few humans in history have been lucky enough to live through genuinely world-changing technology transitions. The steam engine in the early 1700s. Industrial steelmaking in the 1850s. Electricity in the late 19th century. The internal combustion engine around the same time. Semiconductor electronics in the mid-20th century, leading to home computers in the 1970s. The internet — the infrastructure of the digital age — in the 1990s. All these great leaps forward advanced humanity. They don’t happen often. And all of them created great fortunes for those who ‘got them’ early. That’s an important point. Getting it. Sometimes, when something is new, it’s hard to get your head around exactly how world-changing and disruptive it’s going to be. That’s that case now with cryptocurrencies and decentralisation. And it’s why you’re seeing authorities all over the world trying to regulate the movement into oblivion. China has banned trading and crypto mining operations, and ordered big banks not to do business with crypto companies. Germany has announced it will be regulating alternative investment funds that want to invest cryptos. South Korea is launching tax rules and regulations for crypto transactions beginning in 2022. And the UK’s Financial Conduct Authority has said it will clamp down on major exchange Binance's activities in the UK. All this, along with another fall in crypto prices, may seem like a deathblow to the movement. But, as you’ll see here, there’s another story going on that’s not making the headlines. And three stocks are the main characters… Regards, James Woodburn, Publisher, Fat Tail Investment Research |