Christian Magoon, Founder & CEO, Amplify ETFs, discusses the future of blockchain and battery technology, and how investors can capitalize on these opportunities.
Blockchains – which are immutable ledgers for recording transactions, tracking assets, and building trust – are the next innovation in how accounting and verification are done. Both non-fungible tokens (NFTs), which are used to certify a digital asset like a photo, video, or piece of art as unique, and cryptocurrencies like Bitcoin are applications of blockchain technology.
Worldwide spending on blockchain solutions in 2020 was $4.1 billion, and the size of the global blockchain market is expected to grow to $39.7 billion by 2025. This growth is expected to be largely driven by venture funding, enterprise investment in blockchain technology, and the development of risk-managed blockchain solutions for supply chain management.
Magoon dispels the myth that bitcoin mining wastes energy to produce nothing. Bitcoin uses 67% renewable energy to build code and infrastructure that’s going to have a wide variety of uses in the future. When an investor buys a blockchain, they are investing in the future utility of what bitcoin miners are building. Once this infrastructure of blockchains is built, and data, interactions, and trust can be verified because of it, owning a piece of those blockchains will be very powerful.
Investors can capitalize on the increased adoption of blockchain technology by investing in the Amplify Transformational Data Sharing ETF (BLOCK). Launched on January 17, 2018, this actively-managed ETF has 44 holdings and $1.15 billion assets as of June 30, 2021. BLOK has had substantial outperformance over the S&P 500 over the past year. Additionally, there’s ample opportunity for investing in lithium and battery technology. Global demand for lithium-ion batteries to power consumer devices, grid storage, and electric vehicles has grown exponentially, and is expected to maintain exponential growth rates through the next few years. Growing demand coupled with constrained supply has created attractive conditions for companies associated with the lithium and battery technology supply chain.
The Amplify Lithium and Battery Technology ETF (BATT) seeks to provide exposure to global companies that are associated with the development and use of lithium battery technology. BATT is a portfolio of companies that align with the clean energy revolution and generate significant revenue from battery storage solutions, battery metals and materials, and electric vehicles. Amplify ETFs was founded in 2016 by Christian Magoon and now has $4.5 billion assets under management across 12 ETFs. Magoon has launched over 70 ETFs in the United States and has driven the adoption of ETFs by US investors by highlighting the efficiency, transparency, and flexibility of the ETF vehicle.
To learn, catch the replay of Amplify’s recent presentation: Blockchain & Battery Tech: Investment Themes Powering Global Innovation.
Key developments in blockchain technology, cryptocurrency, and battery technology occur each week around the world. Investors are seeking to learn more about and capitalize on the growth of these industries. Join us for an in-depth discussion on the investment opportunities in these market segments. REGISTER NOW