Swimming Pool of Electronic Cryptocurrency – October 2017 Falcon Finds
Swimming Pool of Electronic Cryptocurrency…
Falcon Finds is a monthly curation of the most interesting things found and shared by the Sneaky Falcon team. These are the articles, ideas, businesses, and more discussed by the group in the month of September.
Ever since Jordan recently proposed the idea of adding some cryptocurrencies to our portfolio, the team has been much more closely following the markets. We are still undecided on if it’s approaching a bubble or just getting ready to revolutionize the world. Either way, our interest has been piqued.
In this CNBC interview with the CEO of Ripple, (the 4th largest crypto by market cap), Brad Garlinghouse makes the case for the latter.
Focusing more on the transformational blockchain technology behind Ripple as opposed to positioning it as straight up replacement for fiat cash, it’s a smart move. Ripple is actually partnering with banks and financial institutions to improve the speed and accuracy of money transfers.
Rare Whisky Fund
Are you not interested in trying to understand how to invest in fancy electronic crypto-thing-a-majigs? Maybe bottles of old and rare whisky will be more your speed.
As reported by Bloomberg, this Whisky Investment Fund launched in Hong Kong raised $12 M to buy and sell collectible bottles of the good stuff.
The fund invests in delicious assets that you can… “liquidate”… if the market for rare whisky turns south. However, that shouldn’t be a problem, as whisky has been outperforming other similar alcoholic assets as well as gold so far in 2017. Salute!
“This is the most hated bear market in the history of bull markets” – Irrelevant Investor via twitter
Millenials Think Drinking Is Uncool
We all know Millenials are killing every industry. Malls to restaurant chains, taxi services to the housing market. And now those damn Millenials (not these damn Millenials here at Sneaky Falcon) are going after the booze.
Maybe you should hold off on that whisky fund after all…
According to reputable journalistic outlet Total Frat Move, a recent survey of Millenials found that many believe drinking is “uncool” and even “embarassing”. While we are more than willing to make money off of whatever industry baby boomers have declared we ruined next, this is just nonsense.
As we continue to try to grow Sneaky Falcon, we have written a number of guest posts for other finance and investing websites.
Last month, Sean tried to coerce the readers of Modest Money to join an investment club of their own. We have a passion for what we do, and we love getting the opportunity to share that with new readers.
Want to write a guest post of your own, right here on Sneaky Falcon? Use the contact form and get in touch with the topic you would be interested in covering. We love sharing other bloggers’ great work as well!
“Jordan, I want to be unimaginably wealthy swimming in my Scrooge McDuck swimming pool of electronic cryptocurrency” – Sean – CFO, Sneaky Falcon Enterprises