The Next Wave of Crypto Profits Are Around the Corner

The Next Wave of Crypto Profits Are Around the Corner

I’ve never been a huge fan of gold…

Most of the time, I consider gold an atrocious investment. It pays no dividend. It has limited industrial uses. And it can go through long stretches of time where its price goes nowhere.

But there are periods when gold outperforms the broad market – and serves as a springboard for other commodities to go higher.

We saw that happen on November 18, 2004. That’s when the U.S. Securities and Exchange Commission approved the world’s first gold exchange-traded (ETF) fund.

ETFs are investment funds that we trade on stock exchanges. They provide investors with an easy way to invest in an index, sector, commodity, or other asset.

Like other ETFs, the SPDR Gold Shares (GLD) ETF is a security that trades like a stock. The fund’s goal at launch was to expose more people to gold ownership.

That’s exactly what it did…

By the end of its first year, GLD held $1.3 billion in assets… Today, it has become among the world’s largest ETFs with $61.7 billion in net assets.

That’s a 4,646% growth over 20 years.

Here’s the thing… GLD wasn’t just a success for gold.

It also paved the way for the launch of other commodity ETFs, including silver, oil and agricultural products.

Today, there are 96 commodity ETFs that trade in the U.S., with over $1451 billion in assets under management, according to ETF.com.

I’m telling you this because we’re about to see something similar happen in crypto.

The Next Wave of Crypto Profits