Shares of ChoiceTrade, Crypto Infrastructure Provider to Quickly Multiply
The shares of ChoiceTrade are currently at $1.50 have the potential to reach $50 by 2020. The online broker dealer has been operating since 2000. ChoiceTrade is one of three crypto infrastructure providers that we have identified as being first movers to provide the SEC regulated infrastructure to safely trade cryptocurrencies and crypto securities tokens. See my June 7, 2018 article entitled, “Crypto Desperately Needs Regulated Infrastructure Providers — Interview of SEC Director is a Must SEE”. It is recommended that you watch the video found at the end of this report entitled, “Crypto’s Wild West”.
Nine years after Bitcoin was launched in 2009, cryptocurrencies went viral in 2017. The aggregate market capitalizations of all cryptocurrencies soared from $18 billion to $600 billion.
As of the end of 2017, the cryptocurrency community had grown to 193 cryptocurrency exchanges and 1,325 crypto currencies. Coinbase, the US’ largest crypto exchange had more clients than Charles Schwab
Unfortunately for the crypto user community; along with the sensational growth in cryptocurrencies, came fraud. In early 2018, Vietnam banned cryptocurrencies after its citizens were scammed for $660 million. See “Unpacking the 5 Biggest Cryptocurrency Scams”, CoinTelegraph.com, April 18, 2018. The US recently began an investigation into the illegal price manipulation of cryptocurrencies. See “US Justice Department reportedly opens criminal investigation into bitcoin price manipulation”, CNBC, May 24, 2018.
The world’s governments and the US’ Securities & Exchange Commission (SEC) have become increasingly concerned about cryptocurrencies. The world’s economic leaders who attended a G-20 Summit in April 2018, concluded that the regulating of cryptocurrencies by governments was long overdue. See “World Governments Target Summer 2018 To Regulate Cryptocurrencies”, TheMerkle.com May 9, 2018. See also, “Cryptocurrency Regulation: New Laws, Big Changes Coming”, LiveTradingNews.com, May 12, 2018.
Governments have also been cracking down on the crypto exchanges. None in the US are operating legally. Those who are operating outside of the US and are conducting transactions for US citizens are also operating illegally. Coinbase, the largest US cryptocurrency exchange, is in danger of being shut down since it is operating without a license. Since the SEC charged a former bitcoin exchange and its founder in February 2018 with fraud, more and more crypto exchanges have voluntarily shuttered. The countries listed below have shut down cryptocurrency exchanges over the last 12 months:
- Switzerland
- Bulgaria
- China
- Vietnam
- Japan
- Venezuela
- Romania
- South Korea
- United States.
The shuttering of exchanges has had and continues to have a lasting negative impact on cryptocurrencies’ liquidity and prices. See Ethereum and bitcoin plummet as South Korea decides on shutdown, Express January 16, 2018. See also “Bitcoin falls by 10 percent after regulators signal crackdown on exchanges”, Arstechnica.com, March 7, 2018.
While many in the cryptocurrency community are reluctant to admit it, cryptocurrencies and their holders are in desperate need of regulated infrastructure. The cryptocurrency movement is at a crossroads. Cryptocurrencies gained acceptance with innovators and then gained a foothold with the early adopters in 2017. According to the new technologies and products acceptance chart below, cryptocurrencies must gain additional traction with the early adopters before they can cross the chasm to gain mass market acceptance. To cross the chasm, this will require that regulated crypto infrastructure providers including ChoiceTrade emerge as soon as possible to provide the liquidity for cryptocurrencies as well as the safety for buyers and sellers to enter into transactions.
Each of the world’s cryptocurrencies is going to be regulated. All existing and future cryptocurrencies are members of one of the following two groups:
- Cryptocurrencies
- Crypto Security Tokens
My prediction is that the aggregate market cap of crypto security tokens will be substantially higher than the aggregate market cap of the cryptocurrencies by 2020. Based on my preliminary analysis more than 90% of the 1,325 initial coin offerings (ICOs) that were issued from inception through the end of 2017 were actually, “crypto security tokens in disguise”.
In the United States, there are two regulatory bodies which regulate currencies and securities. Currencies are regulated by the Commodities Futures Trading Commission (CFTC). Securities are regulated by the Securities & Exchange Commission (SEC). Based on my preliminary analysis, my rough guess is that 90% of the existing cryptocurrencies are securities and 10% are currencies.
Many have been anxiously awaiting the SEC’s establishment of a specific set of new rules and regulations for the issuance and trading of cryptocurrencies and crypto security tokens. Based on an interview the Chairman of the SEC gave to Bloomberg, there will be no new rules for crypto. Instead, the SEC is relying on the rules and regulations of Securities Acts of 1933 and 1934 to regulate crypto security tokens.
The regulations for the issuance and the trading of crypto security tokens are the same as the regulations which pertain to the issuances and trading of publicly held stocks and bonds. Therefore, the crypto community and the three largest crypto exchanges in the chart below who collectively already have millions of clients have a problem. They have not been licensed by the SEC to effectuate the crypto securities tokens transactions for their clients. For this reason, they have been and will continue to break the law should they effectuate transactions for any of the more than 1,000 crypto security tokens that have been issued.
ChoiceTrade is uniquely positioned to fill the massive void which has opened due to the largest crypto exchanges being unable to legally effectuate crypto security token transactions for their existing clients. Its uniquely positioned to become the leading online crypto broker for the following reasons:
- Has been operating as a SEC regulated online broker dealer for last 17 years in all US States and has clients from 120 countries. More importantly, ChoiceTrade is licensed in all 50 US states. Obtaining a license in each US State is an arduous and cumbersome task. The existing crypto transaction providers will have difficulties in obtaining licenses in all 50 states since they have already violated the securities laws of many of them.
- Over the years, ChoiceTrade has developed the technology and systems to keep its costs below or in line with its much larger competitors, including Ameritrade
AMTD and E*TradeEFTC , etc. - ChoiceTrade has developed proprietary technologies including a robo trader. It is now developing a micro investing app that will enable ChoiceTrade clients to invest as little as $10.00. This will put ChoiceTrade in position to have a billion clients.
- ChoiceTrade will not likely face competition from its larger online broker competitors for the foreseeable future. The largest brokers will avoid the cryptocurrency space since cryptocurrencies are still very controversial and considered to be risky by the majority of their clients. Instead, the probability is high that one of ChoiceTrade’s larger competitors would make an attempt to acquire it as soon as ChoiceTrade is seen as gaining significant traction.
The chart below depicts the advantages that ChoiceTrade’s product offerings have over the three largest online brokers in the world.
Along with ChoiceTrade we have identified two other regulated crypto infrastructure providers that have emerged as first movers in this space. One will become “the NYSE” of cryptos and the other is an investment bank that will become “the Goldman Sachs” of crypto. These three will enable the crypto community to resume its growth and crypto to be adopted by the masses. The chart below illustrates that, for its first five years, the growth of crypto’s users has been comparable to the web’s user growth for the similar period of its evolution.
This chart below which depicts the web’s growth from 1990 through 2017 illustrates just how big the potential for the cryptocurrency user base could be.
The table below includes the performance of the IPOs for some of the web’s key infrastructure providers from their IPO prices to their 1999 highs.
Choice Trade’s post financing valuation, assuming that it raises $1,070,000 at a share price of $1.50, will be $28.2 million. The table below depicts the most recent market caps for the US’ three publicly traded online brokerage firms.
Since ChoiceTrade is a first mover in what is perhaps the fastest growing and digital industry on the planet its valuation could rocket to $1 billion pretty quickly. Should that happen its share price could potentially increase by 35 times by the end of 2019. For more about first movers view video entitled “Why companies qualifying as a ‘First Mover’ have the potential to get to $1 billion valuations almost instantly” at end of this article.
Continuing research coverage and information about how to invest in ChoiceTrade and also to in the two other crypto infrastructure opportunities that we have identified that have the potential to multiply and reach billion dollar valuations is available at Dynasty Wealth.com.
The 3 minute, 16 second video below which is entitled “ChoiceTrade: Cryptocurrency infrastructure provider with 1,000X Upside Potential” is a must view. It includes future share price projections and provides details about ChoiceTrade’s incorporating the cryptocurrency and startup investing categories into the products that it will offer to is clients.
View video below: “Crypto’s Wild West” (4 min 10 sec)
Since ChoiceTrade qualifies as a first mover, the 3 minute, 52 second video below entitled “Why companies qualifying as a ‘First Mover’ have the potential to get to $1 billion valuations almost instantly” is also highly recommended.
Read Next
