What's the next 100,000x investment? (original) (raw)
Jaron Lukas
Serial entrepreneur and Yumwoof CEO • My companies strive to create a healthier, happier world • Featured in Forbes, WSJ • jaronlukas.com
Published Nov 21, 2017
As cryptocurrencies explode into mainstream popularity, I find myself asking: what’s next?
I ask it because I have witnessed a repeating trend that has brought unimaginable wealth to people in a variety of markets.
Ultra successful investors don't focus on 10% annual returns. Instead, these individuals invest early in an asset that they believe in, and if they’re right and/or lucky, the masses create outrageous demand for that asset years later.
I saw it happen to people I know in the Las Vegas real estate market, who bought land in the 70s and 80s for 1/acretoultimatelysellitfor1/acre to ultimately sell it for 1/acretoultimatelysellitfor100,000/acre decades later.
Cryptocurrencies are the recent example, where the most hardcore early believers have turned into billionaires.
My lesson in all of this is to find an asset you believe in and hold onto it WAY longer than what feels practical. But most importantly, you have to get in very early!
So I find myself asking: what’s the next 100,000x investment?
Anyone out there have a theory?
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