If you wait for everything to be perfect in the Nigerian market before investing, remember that Warren Buffett is not investing in Nigeria because it is not “perfect” according to his worldview. But any day things become perfect, expect investors like Buffett to come along with truckloads of cash, and if they do come, you may not have a chance.
In the Bitcoin world, the approval of the ETF by the US regulator has removed the veil on Bitcoin, and instead of the pioneers benefiting, the new heavyweights with tons of money are already ruling the ETF tribe.
“Meanwhile, BlackRock, the world’s largest asset manager, has seen a surge of inflows into its bitcoin exchange-traded fund (ETF) since its launch in October 2023. The fund, which tracks the performance of the CME bitcoin futures contracts, has amassed over $1 billion in assets under management (AUM) in less than four months, according to data from ETF.com.
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“Meanwhile, the Grayscale Bitcoin Trust (GBTC), the largest and oldest bitcoin investment product, has continued to lose market share and assets. GBTC, which holds physical bitcoins in a trust and issues shares that trade on the over-the-counter market, has seen its AUM drop from $40 billion in September 2023 to $28 billion in January 2024, according to Grayscale’s website.”
Good People, when you pray, be mindful of what you pray for. Yes, when they were asking for regulation, they did not know that if the market was to be fully regulated, that some companies with $trillions under management would pay attention. Yes, today, BlackRock , which has more money than the world (without it) has arrived, and all those “pioneers” are now imperiled.
Lesson: never wait for things to be perfect in Nigeria and Africa before taking action, because the day things become perfect, new competitors will emerge.
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Few decades ago it used be five corporations that ran the world, but presently it seems to be just two, and they are not letting up.
Well, we are from the part of the world where small guys can still do big things, it’s our greatest advantage, and we will keep enjoying it until it ceases.
The lesser the attention, the greater the chance to build something big, at a minimal cost. Take advantage of that.