Serena Williams invests in Coinbase

Date: 
April 23, 2019
Read time: 
3 minutes

Winning at the Olympics takes 2 things: brains AND brawn. Serena Williams, famous and beloved women’s tennis player, has both. She has a powerful forehand that leaves her opponents scrambling to keep up. She also has the brains -- as proven by her investment in Coinbase … way back in 2014.

Winning at the Olympics takes 2 things: brains AND brawn. Serena Williams, famous and beloved women’s tennis player, has both. She has a powerful forehand that leaves her opponents scrambling to keep up. She also has the brains -- as proven by her investment in Coinbase … way back in 2014.

We should take a page from Serena Williams's playbook and learn about blockchain, Bitcoin, and how to invest properly.

Think back to 2014. It was the year after the 2013 “crypto bubble” where prices “soared” as high as $1,200 per BTC before “crashing” down in 2014. Yet Serena Williams invested anyway. Perhaps she saw the potential of blockchain. Perhaps she saw the potential of Coinbase. Or perhaps she simply knew that BTC itself would head to bigger and brighter things.

Now we’re in 2019. Time proved her investment to be a great one. But don’t feel as if you missed out. No, no. We are still at the tip of the blockchain revolution -- it’s time to learn and stay up to speed.

Are you New to Cryptocurrency? Get Started Investing Today.

The best indicator is a forecast, made public on April 18th, 2019, showing blockchain spending among state governments, local governments, and even the federal government.

According to the forecast report, the United States federal government will raise spending on blockchain to $123.5 million by 2022. Compare this to the $10.7 million it spent in 2017. That is a whopping 1,000% increase. No small amount.

State and local governments also anticipate growing -- from $4.4 million in 2017 to $48.2 million in 2022. Another 1,000% increase. Indeed, things are cooking in the kitchen.

How will the government increase spending on blockchain?

"We believe asset management, identity management, and smart contracts will be the leading blockchain solutions for government," said Shawn P. McCarthy, research director for IDC Government Insights. "Early spending will focus on supply chain and asset management solutions, while spending in later years will expand to include more identity management and complex financial transactions."

Federal civilian agencies, the defense department, and more will all be part of this. We should be too. We should take a page from Serena Williams's playbook and learn about blockchain, Bitcoin, and how to invest properly.

Posted by R.R. Hauxley

R.R. Hauxley traveled around the world ... 1 year on 1 Bitcoin. 20 countries, 12 months, 1 Bitcoin. He wrote a book about it: Stolen Wallets and Where to Buy Them. Along the way he met and interviewed the sharpest, brightest minds in crypto today: Vitalik Buterin, Charlie Lee, and more. Today Rafael educates the crypto curious and delves further into the incredible world of blockchain.

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