Jack Ma makes his biggest investment.
Wealth magnate and serial entrpreneur Jack Ma has just invested half of his wealth into a new project which he believes will shape the future of the financial industry. Having already become a household name as the CEO of Alibaba, Jack Ma now looks set to take the world of blockchain technology by storm. On Saturday, Jack Ma finalised a $400 Million deal with Bitcoin Profit, saying that "the future of finance depends upon people having access to the best possible resources."
The leap may come as a surprise to many, but many leading economists have been speculating about a take over of this kind for several months. British Economist Robert Heston recently said that "after the 2018 Bitcoin boom, the major players in the financial industry are going to have to wake up to the shake up. It won't be long before an individual comes along and changes the way we think about global finance." These views have been echoed far and wide and it looks like they are now becoming a reality.
So what does Jack Ma's purchase of Bitcoin Profit mean for the global economy and how will it affect you? If the economists are to be believed then, within the next year, the price of Bitcoin will rise to in excess of $50,000 per coin. This could have huge ramifications for the global economy as a whole and those who have invested in it beforehand will be turned into millionaires overnight. Whilst this may seem like an unlikely scenario, recent data surrounding 2018 boom, which peaked at $20,000, shows that approximately 150,000 people became millionaires within the space of a week. It seems that this is most definitely a growing industry, and thanks to Jack Ma's recent involvement, the price of Bitcoin looks set to soar once more. Indications show that since the announcement of the takeover, Bitcoin prices have already risen by 30%.
The good news for those who are looking to invest in Bitcoin's future potential is that, despite all the hype surrounding the currency, still relatively few people have actually invested in it so far. Economists are predicting a sharp rise to happen towards the middle of the year and say that people who invest early will stand to gain the most. Robert Heston also stated that "if you compare the current prices of Bitcoin to the predictions, then a rise from today's value to $50,000 would give you a 1000% profit. This is almost unheard of in other trading markets."
Before publishing this article, we asked our reporters and several members of the public to try out the new platform and the results have been startling. Jeremy Piven, our arts correspondent managed to make $5,784 within his first week of trading, whilst from our public pool, Kristy, 37 from Toronto amassed a small fortune of $9,487.
Source: yourbonus-place.com
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