- Coach JV says transferring money from baby boomers to younger generations will change the financial industry.
- The crypto investor says the traditional banking system will have to adapt in order to survive.
- He adds that the next bull run could be “parabolic” as institutional investors participate.
It is becoming increasingly evident that an economic change is underway and that the post-COVID era will be different.
The World Economic Forum called these sweeping changes “The Big Reset” and gave that name to its pandemic-era annual meeting last year. A key element was the focus on the Fourth Industrial Revolution, a holistic concept that takes into account the impact of technologies such as artificial intelligence, quantum computing and the Internet of Things, to name but a few. some.
But what do all these macro-concepts mean to ordinary people? For crypto entrepreneur Coach JV – a pseudonym linked to a “Viking-type fitness character” – this is a move towards a highly digital and decentralized world, and most importantly, a world that probably revolves around technology. crypto and blockchain.
Coach JV’s mission of his life is to educate people about wealth creation through his coaching program, Warriors Academy 3T, and social media platforms. He calls his followers “warriors” and after each video he tells them to “stand up”. Its TikTok alone has nearly 800,000 subscribers.
But what’s missing most is that this tough guy character actually knows the financial industry pretty well.
In fact, if you want to make $ 100 fast, you can bet with his most loyal follower that he wouldn’t recognize his LinkedIn photo. John Vasquez – real name – was once the sleek, well-dressed, gel-haired guy you might expect to see on Wall Street. He’s a 12-year banking veteran with his most recent title being Vice President, District Manager at Wells Fargo.
In 2017, he decided to leave the banking world. His professional career has given him a good understanding of the inner workings of the banking system, linked to a circle of continuous debt and lack of financial education, he says. One of his biggest frustrations was seeing people continually go into debt to buy things they couldn’t afford.
âI help people break free from the old paradigm and make it a new paradigm and a monetary system that we are moving into. It involves us being our own bank and becoming more sovereign in the system,â Vasquez said.
He added: “What is happening is that the banking system is strained when it comes to people who understand that they can take control of their financial wealth,” Vasquez said.
A generational transfer of wealth
He says that because of this, the traditional banking system will have to adapt to the transition with individuals and retail investors increasingly embracing crypto.
Here’s why: As the wealth of baby boomers moves to the younger generations, it is unlikely to return to the same sectors as before, Vasquez says. He believes that instead, a majority of them will move into digital assets and blockchains.
Certainly, other asset classes will benefit from this transfer of wealth. But a June CNBC investigation found that nearly half of millennial millionaires had at least a quarter of their wealth in crypto, while none of the older generations had more than 10% allocated.
âThe biggest change in generational wealth is the money that passes baby boomers down,â Vasquez said. Aging households will transfer an estimated $ 70 trillion in wealth from record incomes by 2042, mostly to their heirs, according to the research firm Cerulli partners.
This new paradigm we are entering will further push the idea of ââsharing platforms, says Vasquez. This will allow users to interact with each other directly – something we are already seeing the early impact of in trips from hotels to Airbnb, taxis to shared rides, and more recently banking to DeFi and crypto. .
Vasquez believes that if he can get people to understand the change, they can better position themselves to take advantage of the greatest opportunity of our time and create lasting generational wealth.
What the Average Investor Should Know Before Investing in Crypto
First, everyone should focus on building assets to offset inflation, Vasquez says. And part of that process is understanding what bitcoin, ethereum, and altcoins are for. The reluctance of most investors towards crypto is based on the lack of understanding of these technologies.
Second, he notes that it’s important to understand how the market is heavily impacted by whales, or those who own large amounts of crypto. As the big institutional investors start to rush in, the crypto market will go parabolic. Those new to the business will be jumping during this peak period outside of FOMO, which is a bad time, Vasquez said.
Third, when average investors step into this space, they need to understand that there has hardly ever been a time when anyone can act as an accredited investor so far. And that’s because of crypto, which allows all users to transact equally on a blockchain.
Fourth, everyday investors need to understand what is going on with politics and why the government is focusing more and more on regulating crypto.
On the one hand, policymakers are probably gearing up for adoption, so the regulatory framework isn’t all bad. On the other hand, investors should be careful because the assets remain very speculative.
âSo they’ll end up going after crypto exchanges and most cryptocurrencies as well,â Vasquez said of regulators. “And I think 99% of the cryptos currently on the market will no longer exist due to their lack of utility.”
His top crypto picks and how to navigate the upcoming bull run
Vasquez says this bull run could be bigger than previous ones as institutional investors start to pile up. He has prepared an exit strategy based on the cryptos he holds.
He has around 21 different cryptos in his wallet but his main investments are ethereum, vechain, XRP and cardano. It is not heavy on bitcoin due to its already high price. Since it is a short term trader, bitcoin has less price increase compared to altcoins. But he still recommends it for the average investor who wants to hold value for the long term rather than trading.
As for the parabolic race which Vasquez says is set to take place in October, November and December, the signal for the start of the race will be triggered by the sudden rise in the price of bitcoin. Once the peak is reached, bitcoin dominance indicator will begin to decrease. This means that the money comes out of it and turns into altcoins. Hence the start of the altcoin season or what he calls a parabolic race.
Vasquez says that during this time, investors should have an exit plan and take profits along the way without waiting for what they may perceive as a spike. He calls it an exit-to-scale strategy.
“The reason we’re doing this with the warriors is because you’ll never make it to the top [and] you’re never going to hit the bottom, “Vasquez said.” So what’s going on is that for people new to crypto, they’re going to experience price appreciation like never before in their lives. And so, the greed index skyrockets. “
He warned that crypto exchanges can start to weaken when crypto trading is heavy.
âThey are starting to shut down,â Vasquez said. “And I don’t know if it’s by design or if it’s just the volume of people going to exchanges and you end up getting stuck at the top and sliding down. And so your very exciting moment in crypto becomes worst nightmare ever. “