Luke Belmar on how to get rich in 2024

datasets

7 Feb 202406:51

Summary

TLDRThe video script predicts significant trends for 2024 across e-commerce, info products, and crypto. It highlights the resurgence of private equity investments in DTC brands, the rise of e-learning platforms competing with traditional universities, political-themed e-commerce, and influencers building businesses around their audiences. The script also discusses health and wellness as a booming niche, the inevitability of an Ethereum ETF, the importance of Shopify, and the shift in DeFi towards reducing retail onboarding friction. It concludes with the potential of tokenized assets and the middle class being priced out of owning a full Bitcoin.

Takeaways

💼 **E-commerce Resurgence**: Direct to Consumer Brands are expected to receive a new wave of funding from private equity investments, signaling a resurgence in e-commerce after a downturn in 2021-2022.
🎓 **Info Product Legitimacy**: Info products and e-learning platforms are set to legitimize themselves and compete with traditional universities and learning institutions, offering real-world experience over theoretical knowledge.
🏅 **Political E-commerce**: With 2024 being an election year, politically themed e-commerce and dropshipping are predicted to be a significant trend, similar to the success of selling Donald Trump memorabilia in previous elections.
📈 **Influencer Businesses**: Influencers like Mr. Beast and Luke Belmar are expected to build and scale businesses around their personal brands, moving beyond basic merchandise to create real products that leverage their audience loyalty.
💊 **Health and Wellness**: Health, longevity, and wellness are becoming top niches for e-commerce, with a focus on white hat, monthly recurring revenue models, as identified by a report mentioned in the script.
🛒 **Shopify Growth**: The script suggests continued growth for Shopify, implying it will remain a key player in the e-commerce space.
💰 **US Spending and Debt**: The US is expected to continue its trend of high spending and debt accumulation, which is nothing new but worth noting for its impact on markets.
🔊 **Crypto ETFs**: The approval of a Bitcoin ETF is seen as a precursor to an inevitable Ethereum ETF, indicating a growing acceptance and integration of cryptocurrencies into traditional financial markets.
🌐 **Layer One Competition**: There is an emerging trend of competing layer one blockchains designed for high-frequency trading, which could cater to a market that Bitcoin cannot due to its design limitations.
📊 **Stock Market Recovery**: Stocks like PayPal and Robinhood, which have underperformed, are predicted to show significant recovery as the market takes shape.
🏦 **Crypto Infrastructure Investment**: Venture capital and private equity are expected to invest in crypto infrastructure, showing a shift towards embracing blockchain technology without necessarily engaging with tokens.
🔄 **DeFi and Centralized Exchanges**: DeFi platforms are shifting their focus to reduce retail onboarding friction and are set to compete directly with centralized exchanges, offering faster and more accessible trading options.
🎨 **NFTs and Viral IP**: NFTs with high viral intellectual property have the potential to become multi-billion-dollar brands, especially when they have real-world applications and community involvement.
🏢 **Tokenized Assets**: The tokenization of real-world assets is predicted to become a significant trend, with companies building portfolios to manage these tokenized assets gaining popularity.
📋 **Bitcoin in Balance Sheets**: Publicly traded companies are expected to increasingly add Bitcoin to their balance sheets, following the trend set by early adopters.
🔄 **Layer One Smart Contracts**: There is a predicted rise in popularity for layer one smart contracts that focus on parallel execution of the Ethereum Virtual Machine, aiming to improve the current operation limitations of Ethereum.