I’m glad that someone else finally chimed in on the bitcoin craze. Shervin Pishevar recently went on a tweet rant that lasted more than 21 hours. He touched on a lot of points, but his tweet about bitcoin has gotten lost. It echoes something I’ve been saying for years.
Proponents of bitcoin like to tout the online currency’s unregulated status. Essentially, bitcoin lovers believe that the online currency is inherently valuable because it is not under the regulatory eyes of any government. Instead, it exists online in something called the blockchain.
The blockchain is simply data that is stored on millions of computers around the world. You probably have some of this data on your computer if you are dabbling in bitcoin. This distribution of data makes bitcoin impossible to hack. It also makes it impossible to control.
Shervin Pishevar does not think bitcoin is completely untethered. In fact, his tweet storm says otherwise. He thinks the online currency will drop rapidly over the next few months alongside the stock market to create another recession. This goes against everything bitcoin proponents love about the online currency.
Shervin Pishevar, like me, knows that bitcoin is tied to the stock market. It has no inherent value. Gold, on the other hand, has tangible value. It’s something you can hold, admire and bury in your backyard in case of a crisis. That’s why gold will skyrocket in value as the economy tanks.
People won’t want to hold their bitcoins when things get bad. In fact, there’s nothing to hold. It’s an abstract idea, and, as Shervin Pishevar says, its value is tied to the stock market. It’s not some independent currency that will sore in value when the times get tough.
I’m just glad that Shervin Pishevar is back. He’s disappeared for a while due to some personal issues, but he’s one of the great market minds of today. His tweet storm marks the return of an investment giant. He was smart enough to invest in Uber early, and he set up his own investment business called Investment company. He certainly knows what he’s talking about.
The increased prevalence of scam investments has seen most individuals shy away from committing their funds to investments and in effect missing out on potentially life-changing profits. And one of the most overlooked, and often doubted but highly rewarding investment is Freedom checks. Misinformation has seen most people not only shy away from these investments but also express negative opinions about their viability, therefore, forcing most individuals to avoid them. But Matt Badiali is out to educate willing investor on its viability. Read more about Freedom Checks at banyanhill.com.
Matt Badiali and freedom checks
Matt Badiali believes that Freedom checks will help American investors acquire full independence in the energy industry. Ideally, this form of investment focuses on natural resource companies that deal with the production, processing, and distribution of oil and gas. While arguing that it promises to revolutionize the investment stage, Matt pegs this belief on the ever-increasing demand for oil and energy. He holds the opinion that as the global population continues to increase so will the demand for oil and energy and in effect increased demand and value for the energy company stocks.
How much do you get from freedom checks?
By investing in these checks, investors get a chance to share the spoils with the natural resource industry in the form of increased share values and dividends. These shares are distributed by the master limited partnerships that often extend as much as 90 percent of their total profits to the investors. These abnormal returns have in the past seen most people shy away from investing in MLPs as they likened them to pyramid schemes. Read this article at Money Morning.
These beliefs couldn’t, however, be further from the truth considering that these MLPs are required by law to extend these profits t investors if they hope to enjoy tax benefits. Upcoming MLPs have also adopted this trend thereby creating a buzz around the subject even making it seem like a scam non-energy industry insiders. Matt’s education has therefore gone a long way in educating investors to the truth behind MLPs and opening up people’s thoughts to investments in the energy industry as they now realize freedom Checks were never illegitimate.
More about Matt Badiali
Matt Badiali is a former Wall Street trader who has dedicated his life towards educating the rest of the population on how to go about investments. He refers to these educational programs as taking Wall Street to the main street.