In our last post on Security Tokens we asked if Security Tokens are taking a refreshing nap or in a coma at death’s door?
If you believe that Security Tokens are taking a refreshing nap, you have a simple way to profit from that belief – you buy the stock of a publicly traded company called Overstock (symbol = OSTK) that owns tZero which could disrupt Wall Street.
You don’t need anybody’s permission, there are no gatekeepers (such as a VC fund) to go through; you simply use any low cost online broker. Nor do you need a lot of money. If all you can afford to invest is $100, that is OK.
All you need is insight, courage and a bit of luck aka the standard rules of investing.
In this post we look at 5 strikes for $OSTK and 6 strikes against $OSTK.
5 strikes for $OSTK
- Patrick Byrne is rich, smart, deeply knowledgeable and passionate. What else do you need in an entrepreneur?
- OSTK is a Public Company that can eat its own dog food. Byrne has establishment clout and credentials as CEO of a public company.
- They have assembled all the right pieces in their T Zero platform.
- Wall Street is a classic huge broken market. If Byrne pulls it off, the upside is massive.
- The pandemic is accelerating the pace of digital disruption. This is the time for big wild swings of change.
6 strikes against $OSTK
- Patrick Byrne is eccentric and fights the establishment. He is notorious for fire-breathing passionate (and well reasoned/articulated) rants against the Wall Street establishment.
- Being too early is indistinguishable from being wrong. We have been writing hopefully about Zero for many years – for example see this from January 2017. For public market investors that is a long, long time to be patient.
- The incumbents will fight hard against disruption to their cash cows and have the power to fight hard. Wall Street power should never be underestimated.
- Too many moving parts. T Zero is a complex 12 cylinder racing engine and is part of Medici which has other cool Blockchain ventures which is part of a small low end e-commerce venture battling Amazon and Walmart.
6 is more than 5 but OSTK could still be a big winner. Even if Security Tokens are in a coma, they may recover and then OSTK could be a great bet.
What do you think? Will $OSTK win against the Wall Street establishment? Would you bet on David or Goliath in this story?
For context on Security Tokens please read the chapter on Security Tokens in our Blockchain Economy book and read articles tagged Security Tokens in our archives.
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Source: https://dailyfintech.com/if-security-tokens-are-taking-a-nap-buy-ostk-now/
