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A Story about becoming very rich by December 2021

04-06-2021 07:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: A S Johan Global Markets

Enabling Scientific Analysis of Financial Markets

Enabling Scientific Analysis of Financial Markets

Recently, someone I've known for over 22 years asked me an interesting question.

Peter (not his real name of course) is a banker. I mean he doesn't own a bank. He just works in a bank as a senior credit analyst.

It's a decent, steady job that pays quite well. Well enough for Peter to be considered middle class. Peter has a mortgage, is married and has two kids both girls aged twelve and nine.
In his job Peter, deals with business people some of whom he's seen become very rich.

The question Peter asked me was this.

What can I invest in now to become a millionaire by December 2021?

Before I could answer, Peter told me that he has asked several of his clients this same question and the answers he received were around - IT’S IMPOSSIBLE BRO.

I assured Peter that my answer will not fall into that category...but it would require him to update his knowledge about current investment opportunities and take affirmative action.

I explained to Peter that YES I believed it WAS possible to become rich by December 2021 but it will require that he make a decision now since December was just a few months away.

I asked Peter how much investment capital he was prepared to use to get rich by December.

"Well! I guess I could spare around $50,000" he said.

"Can you afford to lose it all?" I asked.

Peter hesitated then asked "will I have to lose it all?"

"No. You don't HAVE to lose it all but you must be mentally prepared that you may lose it all". That preparedness is what will keep your emotions from getting in the way.

"Ok. I understand. I will survive even if I do lose the $50k".

"Fine. Then this what you need to do to take your $50k and turn it into a much larger amount".

I then told Peter that at this point in time the only way I knew to turn $50k into a million or more was to either win the lottery or get into Cryptocurrencies.

As there was no negative response from Peter I continued. “We’ll leave lotteries to the masses and focus on investments. I’ll also avoid trading strategies since I think it’s very unlikely you’ll have the time to watch the markets.”

I explained to Peter than since the outbreak of the Covid 19 pandemic in 2019, more and more people have resorted to working-from-home to try and earn an income to support their regular financial needs.

This has in turn resulted in more and more money going into trading stocks, shares and currencies. Particularly Cryptocurrencies which have attracted large amounts of both retail and institutional funds.

In view of the huge increase in the creation of government currencies more and more large corporations too have been buying limited edition cryptocurrencies as a hedge against the loss of purchasing power of government’s unlimited supply of currencies.

I explained to Peter that in 2007, $100 had the purchasing power of at least $48, by 2020 the purchasing power of that $100 had depreciated to less than $5. Although this depreciation may not at first seem apparent to most people, it is very real and it’s what keeps poor people poor, and the rich more rich.

Peter thought about what I had just said. “So not only do our investmnts have to produce gains, those gains have to be far greater than the rate at which our government is depreciating our currency”.

“That’s correct Peter. So here goes my suggestion on what I think you should do to grow your $50k into a mush larger amount by December 2021”. I told Peter that he should do some immediate reading -up on the performance of Bitoin and several newer, lower priced Cryptocurrencies. From this he will no doubt learn that many smart people who have so far been correct in forecasting the rising price of bitcoin have forecast that

Biitcoin with its total issue limit of 21 million will reach $100,000 per unit by end of 2021.

I told Peter that we will use this price prediction as a basis for investing his $50k.

“If you used your $50k to buy Bitcoin at its current price of round $57,439, you would have 0.8704886923518863 bitcoins. When Bitcoin reaches $100,000 by year end your bitcoin will be worth $87,048 a decent return for 8 months but nowhere near the million dollars you are hoping for I’m sure.”

“This is why I would suggest you use your 50k to buy CryptRight which is relatively recent to the market so less expensive. CryptRight has the following important features.

A Legally enforceable contract limiting total issue size to just 10 million units. Regular Independent audits and certification to verify that total issue limit is 10 million units and most importantly based on Bitcoin’s and CryptRight’s limits of total issue, CryptRight’s price should be 2.1 times that of Bitcoin.”

“At CryptRight’s current price quote of around $2,000 per unit, your $50k should be able to buy at least 25 CryptRights. When Bitcoin reaches $100,000 by year end, your CryptRight will be worth $5,250,000. A much better outcome I’m sure.” END

A S Johan Global Markets
Suite 0203
Desa Angkasa
12 Jalan Uthant
Kuala Lumpur 55000

Provider of Sentiment Indexes for Stock and Cryptocurrency markets

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