Cryptocurrency will transform global economies: The Moon Group chief

Fundamentally, I would have to say that it has to do with switching your mind-set; which completely changed my entire life. I really think that the Law of Attraction is the secret to my success because it is just not possible to rise in an upwards trajectory from being employed in a grocery store to buying a Bugatti in only three years unless there is a bit of magic involved.

And for me, this magic translates as the Law of Attraction, which focuses on the concept that it is our positive or negative thoughts that can bring about positive or negative experiences into our life. Back in college, I could not concentrate on my studies due to Attention Deficit Disorder (ADD). Then I began working in a grocery store and very soon realised that it would not help to fulfil the dreams I had.

But then one day, I heard about Bitcoin, and I was immediately intrigued as I realised from the onset that if everything being said about Bitcoin was actually true, then I believed that Bitcoin is new form of gold that is truly better than gold itself. I then meticulously studied the intricacies of how crypto works and decided to go all in.

Since that time, the journey has been smooth. Extensive research and diligent investments have made me what I am today. But again, I advise everyone to conduct research and consider me the classic result of The Law of Attraction and all of its workings. Anyone can become successful with the right mind-set and focus.

How did you get into crypto at such a young age and did you have any prior knowledge about the traditional financial industry to have a head start?

I had heard about Bitcoin more than four years ago and was a gold and silver investor at that time. Though because I worked in a supermarket, I was not a heavy investor. All the small little net worth that I had at that time, I was investing into physical gold and silver.

I was a consistent researcher of the global financial system and I was truly fascinated by the ways that money worked. I was interested in how the central banking system was working, and I realised back then that it was a very broken system.

It was from that point that I chose to convert my salary from the supermarket into physical gold and silver, which I actually still have in my home country Sweden. When I heard about Bitcoin in 2017, I conducted extensive research and finally concluded that Bitcoin is where I would be investing my money.

Moving forward, I continued researching Bitcoin and other cryptocurrencies. I also learned about how global institutions such as the Federal Reserve function, and went on to study major cryptocurrencies including Polkadot, Bitcoin, and Ethereum. At the end of it, I truly believe that an urge to succeed can take you a long way.

You have invested in over 400 crypto startups which reflects your confidence in the sector. What goals do you have in mind, particularly after the recent crypto bear market?

I am a firm believer in cryptocurrency, and I am certain that it is poised to transform the global financial system very soon. Crypto is game-changing and represents a massive transformation for the global economy. It actually represents a paradigm change; and I believe that it is the best hedge against inflation that exists in the world right now and is truly the best form of currency. Yet having said that, I always say that considering crypto as a short-term investment will defeat its purpose.

Despite the current bear market, crypto is a long-term solution to a broken financial system, and I think it will rise rapidly in the next five or 10 years. Therefore, I keep investing in Bitcoin based on the fact that I am certain it will always bounce back as it has done historically. I often like to say, buy in the dip.

One of your projects with crypto involves sponsoring a Formula 2 team to raise awareness for children with disabilities. What are some of your philanthropic efforts with crypto?
The main reason for this sponsorship is to raise awareness for children with disabilities. This cause is very close to my heart.

I have placed a QR Code on the car for people to scan and donate and the proceeds will be distributed to the different charities we are working with. Then there is one foundation that I am donating to entitled ‘Research for Children.’ They help children with very severe skin diseases and who have a low-life expectancy, often times just one to two years.

Yet through such donations, they can actually increase their life expectancy. But if they do live longer, their entire life is spent in severe pain. Therefore, this is one disease for which I am aspiring to help find a cure for and have personally donated hundreds of thousands of Dollars to this particular charity.

Do you think efforts to regulate the crypto space will help establish The UAE as the world’s most innovative crypto hub?

As the UAE has taken several steps to recognise the use of cryptocurrency, these developments are aimed at providing regulation and the promotion of crypto assets. This is because decentralised financial services must be balanced to boost public confidence in crypto. The UAE is focusing on the goal of becoming a global hub for operating crypto assets.

Also, one of the most vital steps that the UAE has taken is towards facilitating the licenses for numerous crypto-related activities. This includes disseminating licenses to distributed ledger technology providers, the metaverse service providers, and the crypto assets providers. In addition to this, the UAE has developed financial free zones specifically for crypto assets businesses. As crypto will become more pervasive in the global economy, I think the UAE will be leading from the front in actualising this ‘virtual economy.’

You purchased your dream car, a Bugatti, with Ethereum in Dubai; while several prominent brands accept crypto as payment, do you see this trend increasing within the automotive and other sectors?

In Dubai, anything can be purchased with cryptocurrency. I purchased my car, my watch, and even my employees’ salaries are paid in crypto. I have nearly 150 employees globally and approximately 80 percent of these employees are paid in crypto.

As a founder and partner of numerous crypto projects, you must constantly be in search of new talent. What would be your recommendation for those individuals who aspire to work in the crypto industry?

I always recommend that people work full-time in crypto and I believe that working in Crypto is the biggest opportunity in the world currently. For this reason, I created cryptojobs.com, which is a crypto jobs portal. This is the portal that I am using to hire talent for my companies, but other companies are also using my portal to hire talent in the crypto industry.

The traditional gaming industry is worth over $200bn. What is the potential of crypto gaming in the future as compared to mainstream gaming?

In the near future, we will see a total restructuring of the mainstream gaming industry. Crypto gaming will take power from the monopolistic console and hand it over to crypto gaming experiences, which will certainly be more immersive and engaging. I strongly believe crypto gaming is the future because mainstream gaming has its limitations.

At the same time, the potential of crypto gaming is unimaginable. Players can have immutable ownership of in-game items, have an in-game currency value, and be incentivised with dividends. It is a low-cost solution because the servers will be distributed on the blockchain network. The entire experience will be like a parallel life for players in which they can virtually represent themselves and interact with places, objects, as well as other players.

What is your advice for young crypto investors, bearing in mind the current bear market?
I would start by saying that do not let the volatility of the crypto market frighten you. Despite the bearish trend, crypto will always jump back. I am very confident that this will be an excellent investment.

I believe that Bitcoin is not only going to go to $500,000, but I believe that Bitcoin will eventually reach a whopping $5m per Bitcoin. Obviously, with inflation, it could even climb to trillions of dollars per Bitcoin, which I think is inevitable because the dollar will collapse at some point, and crypto will be its replacement.

One of the ideal methods to earn money through crypto is to purchase at a low price and sell it off when the price is high. You can intelligently take advantage of massive volatility and volume.