We need to Uber everything!
I can’t take credit for that statement, but I sure as hell support it.
Former libertarian presidential candidate Gary Johnson said those words last year while on the campaign trail. And the tech crowd went crazy.
The truth is, the sharing economy has been one of the most disruptive concepts we’ve ever witnessed, particularly because it allows for individuals to provide goods and services — on their own terms — without the burden of excessive regulatory hurdles.
Airbnb is a perfect example.
Here’s a company that has helped democratize capitalism by allowing regular people to use their homes to help make ends meet. Airbnb hosts use this extra cash to help cover the cost of food, rent, medical bills, and children’s education. Some even use it as a way to generate significant revenue.
In fact, last year an analysis on Airbnb data showed that some folks have actually generated in excess of $1 million a year using Airbnb.
Think about that for a moment.
Ten years ago, had I told you it would be possible to make a million dollars a year by using this new sharing economy application called Airbnb, you probably would’ve thought I was crazy. But here we are today with Airbnb not only enabling the creation of wealth for regular folks, but also generating around $100 million in tax revenue for cities all over the world.
Make no mistake; Airbnb and other sharing economy companies like it bolster economic activity while helping early investors make a fortune.
The Airbnb of Electric Cars
I have no doubt that the sharing economy will only continue to grow and flourish.
That’s not to say every sharing economy company will become a giant like Airbnb — which, by the way, is expected to do nearly $3 billion in revenue this year and $8.5 billion by 2020. But if there’s something out there that can be figured into the sharing economy equation, rest assured, you’ll have an opportunity to profit from it.
Today, you can use the sharing economy for everything from getting a ride to renting a ladder to taking out a loan. And there are new opportunities every day. There’s even a concept being developed now that has been dubbed the Airbnb of electric cars.
Another Blockchain Miracle
Last week, Greentech Media did a feature on a company called eMotorWerks, which is providing a peer-to-peer electric car charging marketplace. Check it out:
A residential electric-car charger spends most of its time just hanging around unused.
That underutilization looked like a opportunity to Val Miftakhov, CEO of the smart charger startup eMotorWerks. On Tuesday, the company launched a beta test of a distributed, peer-to-peer charging marketplace in California that lets drivers pay each other for use of their home chargers.
If successful, this concept could drastically expand the population of readily available EV chargers, at least in places with a high density of home charging stations. That reduces range anxiety, promoting more EV ownership and potentially generating a virtuous cycle.
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If you’re unfamiliar with blockchain technology, this is an open, distributed ledger that records transactions between two parties. It’s actually the core component of the digital currency Bitcoin, which, as you know, has created dozens of millionaires over the past few years.
My favorite Bitcoin millionaire story is the one about Erik Finman, an 18 year old from Idaho who bought $1,000 worth of Bitcoin when he was 12. Today, at 18, Finman’s Bitcoin stash is worth more than a million dollars.
There are tons of stories just like this one, too, and there are plenty more to come.
In fact, my colleague Luke Burgess is making a fortune right now on Bitcoin by investing in the technology that makes Bitcoin possible. He calls it the Bitcoin printing press. But I call it the opportunity of a lifetime.
You see, while guys like Erik Finman made a million dollars by buying Bitcoin when it was dirt-cheap, Luke’s Bitcoin printing press investors have made and continue to make as much as five times that. But don’t take my word for it. Just look at the numbers for yourself in this white paper on the Bitcoin printing press.
Of course, most folks know nothing about the Bitcoin printing press or that it’s where the big money is being made on Bitcoin. And that’s fine with us. That’s just more opportunity for you and me to get rich.
To learn more about this printing press, check out this introductory video. You can also read this white paper, which explains how the Bitcoin printing press works and, more importantly, how you can use it to your own advantage.
To a new way of life and a new generation of wealth…
Jeff Siegel
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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
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