Seven years ago, I wrote that Bitcoin was moving from its deceptive phase to a very disruptive phase. At the time, one bitcoin was worth $600.
That disruption is now going mainstream.
Just last week, Bitcoin reached a record high of $40,000 (doubling its value in one month), and the value of all cryptocurrencies surpassed $1 trillion. And last month, the digital currency exchange Coinbase, the most valuable crypto company in the US, filed for an IPO.
So, why should you care?
Because bitcoin and other digital currencies are reshaping how we think about and use money-making it more digitized, dematerialized, and democratized than ever before. …
What’s faster than autonomous vehicles and flying cars?
Try Hyperloop, rocket travel, and robotic avatars.
Hyperloop is currently working towards 670 mph (1080 kph) passenger pods, capable of zipping us from Los Angeles to downtown Las Vegas in under 30 minutes.
Rocket travel (think SpaceX’s Starship) promises to deliver you almost anywhere on the planet in under an hour. Think New York to Shanghai in 39 minutes.
But wait, it gets even better…
As 5G connectivity, hyper-realistic VR, and next-gen robotics continue their exponential progress, the emergence of “robotic avatars” will all but nullify the concept of distance, replacing human travel with immediate remote telepresence. …
AI and broadband were already eating retail for breakfast. In the first half of 2019, we saw 19 retailer bankruptcies. And with the COVID-19 pandemic, the retail apocalypse is only accelerating.
S&P Global Market Intelligence has now tallied over 49 bankruptcies in 2020, the highest in over a decade.
What’s coming in this retail era is astounding.
For example, why drive when you can speak? Revenue from products purchased via voice commands is expected to quadruple from roughly US$2 billion today to more than US$8 billion by 2023.
VR, AR and 3D Printing are converging with AI, drones and 5G to transform shopping on every dimension. And as a result, shopping is becoming dematerialized, demonetized, democratized, and delocalized… a top-to-bottom transformation of the retail world. …
Do you ever feel that there are too many opportunities to pursue?
Abundance has a downside.
Having too many opportunities-starting this company, funding that project, pursuing yet another partnership-can leave you distracted and stretched thin. And it can take the focus off of your most important goals and activities.
As my dear friend Joe Polish says, the problem with many successful entrepreneurs is not “What should I do?”; instead, it’s “What should I NOT do?”
What you say “No” to can be just as defining and useful as what you say “Yes” to.
So, how do you know when to say yes and when to say no? …
Food… what we eat and how we grow it will be fundamentally transformed in the next decade.
Already, the vertical farming industry is projected to exceed US$15 billion by 2025, surging at an astonishing 38% annual growth rate.
At the same time, the market for 3D food printing is also expected to grow at a high rate, averaging nearly 20% annual growth over the next five years.
Converging exponential technologies-from materials science to AI-driven digital agriculture-are not slowing down. …
We’re living during the age of “Moonshots”, a time where entrepreneurs and scientists are able to go 10x farther than ever before.
The combination of exponential technologies (Computation, AI, Sensors, Networks, Robotics, 3D printing, AR/VR and Blockchain, etc.) are enabling small teams to attempt and achieve crazy ideas.
This blog takes a look at the top 50 Moonshots achieved during the past 20 years, since the turn of the millennium. What might be possible in the next 20 years?
We’ve chosen 50 Moonshots in 8 different categories… (with apology, and without question, some key Moonshots will be missing). Within each of the 8 categories, the Moonshots are listed in date order. …
You just learned that your daughter’s disease gives her less than 5 years to live. How do you react?
Would you strive to make her last years the most fulfilling? Or would you search every medical journal, contact every scientist, and find her a cure?
For Martine Rothblatt, the choice was clear.
The former founder of SiriusXM, Martine knew all about Moonshots. The latest Moonshot in her life was to save her daughter, who was suffering from a rare lung disorder known as pulmonary hypertension, a condition with a near 100% mortality rate.
Ultimately, Martine did find her daughter’s cure. And in the process, she built an extraordinary biotech innovation company (UTHR: United Therapeutics), transformed the field of medicine, and will soon transform the entire organ transplant industry. …
What if you could achieve 10X growth while your competitors achieve 10% growth?
A Moonshot is going 10X bigger or better when everyone else is pursuing incremental change.
Most companies ask questions such as, “How do we reduce costs by 10%?” or “How can we increase profits by 10%?”
Having a Moonshot Mindset means applying 10X thinking (or 1,000%) to all of your efforts and challenges.
So, why should you aim for 10X growth instead of 10%?
I’ll give you three reasons:
1. As my friend Astro Teller, Alphabet’s “Captain of Moonshots” says, when you try to do 10% better, you’re putting yourself in direct competition with everyone else in your industry. …
The robots are coming! On our sidewalks, in our skies, in our every store… Over the next decade, robots will enter the mainstream of retail.
And the numbers back it up: in a mere 8 years, the global retail robotics market is projected to grow by an order of magnitude, from US$4.78 billion in 2018 to US$41.67 billion in 2026.
As countless robots work behind the scenes to stock shelves, serve customers, and deliver products to our doorstep, the speed of retail will continue to increase.
These changes were already underway, and the pandemic has accelerated them.
Robotics will be a key area of focus during my upcoming Abundance 360 Mastermind in January. In this blog, we’ll explore how robots are entering the retail ecosystem. …
Making a dent in the universe or solving the world’s biggest problems requires a TON of hard work.
It also involves countless risks, setbacks, and restarts.
Many of my own victories have been “overnight successes, after 11 years of hard work.”
While some people are lucky, most success stories require recovering one more time, facing the challenge, and beginning again. Over and over.
So how do you fuel that persistence?
It involves getting clarity on your “Massively Transformative Purpose” (or MTP), and the emotional energy that powers it.
In today’s blog, I’m going to discuss what it means to have a Purpose-Driven Mindset and how you can develop one. …