Cryptos Using Revenue to Buy Back Their Tokens: The Next Amazons and Googles
At my fund, these are the ones we are investing in for 2019. The ones that stand out from the crowd. The ones that focus on revenue, just like Amazon and Google did during the dot com boom and bust.
In 2017 to early 2018, it was common to think that buy backs in crypto were a sign that a company ran out of ideas. This is the old way of thinking. A new generation of crypto companies are here to stay and they value their own tokens more than ever. Wouldn’t you or I, if we knew we had a shot at becoming the next Amazon or Google? Of course we would!
In the US stock market, smart companies spend their revenue on both growth and buying back their own stock. We look for cryptos that are smart like this and can grow their company while providing their token holders with great price appreciation based on both growth and buybacks.
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It’s a great sign when a cryptocurrency company chooses to use the money they make to buy back their own tokens. It signals the following:
- They have executed on releasing a product.
- They have focused on generating revenue.
- Which means they’re on a path to growth and sustainability and maybe even becoming the next Amazon or Google.
- They value their tokens knowing they’ll be worth more in the future.
- Token holders, like our fund, benefit from price appreciation and company growth at the same time.
When Internet companies first started, many were like crypto companies today. They ran up in value without products or revenue. They then crashed, just like cryptos of 2018. But a handful recovered by focusing on revenue and customers.
They’re charts were very similar too.
Dot com crash and recover:
Crypto crash: (soon to recover like the dot coms)
We can expect cryptos that have released products and plan to use their revenue to buy back their tokens, as some of the most risk-free and profitable investments in the very near future!
So far, we have added two cryptos to our 2019 portfolio strategy that are using their revenue to buy back their tokens, BNB and VXV. We hope to add BAT and others very soon.
Do you have any in mind? If you send them to me and I’ll publish a list and may even add them to our 2019 crypto fund!
Have a great week everyone!
