GTE Technology is understood to be a digital exchange where tokenization will allow businesses in the real world to go public digitally in a similar way to IPO. Better still, it is touted as a way for early investors to get very, very rich (over 2 QUADRILLION dollars rich, to be exact).
Going public is a slow, complicated, and expensive process. But Jeff Brown has created the idea of a Global Token Exchange (GTE) to make the process more appealing and accessible.
GTE Technology has garnered interest as a money-spinning arrangement in which Jeff Brown claims a small $25 investment in GTE digital assets could amass a substantial return.
Buy and Hold Investing Strategy
Jeff Brown is reportedly an expert in the digital crypto market, he’s presented on hot topics such as Penny IPOs, NFT Moment, and The Crypto Effect. He also has more than two decade’s experience as a technology investor. In his 25-year investing career, Jeff Brown has cultivated an image as a dependable yet innovative financial advisor to hedge funds and banks.
Jeff advocates for a buy-and-hold investing strategy. And in many circumstances (for long-term investors, not traders), this is absolutely the best way to get rich. Look at any successful tech stock today, and you’ll see from its share price trajectory that those buy-and-hold investors did very well indeed.
Since IPO, Amazon (NASDAQ: AMZN) rose more than 100,000%, Tesla (NASDAQ: TSLA) is up more than 14,000%, Constellation Software (TSV: CSU) more than 10,000%, and Activision Blizzard (NASDAQ: ATVI) up more than 8,500%. Those stocks alone have created multi-millionaires following the buy-and-hold investing strategy.
When a company opts to go public on the stock market via an initial public offering, or IPO, it is seeking to raise funds.
At IPO, the company is sharing a percentage of its company ownership with the public in order to raise these funds.
For some investors, IPOs provide a very exciting opportunity to access previously inaccessible companies. Indeed, many investors have made exponential returns by investing in top-quality companies at IPO.
There are multiple investing strategies available today, and IPO investing is just one of these. It's IPO investing that Jeff Brown likens his GTE Technology idea to.
World IPO Day
On average, a few hundred companies IPO each year, with a couple of exceptions, such as 1999 (almost 550 IPOs) and 2020 (480 US IPOs). However, the premise behind Jeff Brown’s GTE Technology is that he believes very soon that previous IPO stats will be blown out of the water. His wildly outrageous predictions state that in the near future, more than 20,000 IPOs will occur each and every single day.
How you may ask? Jeff Brown believes global markets are in a paradigm shift, which will enable thousands of companies to IPO and, in turn, make thousands of prepared investors exponentially rich.
Jeff Brown calls this phenomenon "The World IPO Day." And according to Jeff Brown, GTE Technology will unlock the potential of this $2.1 Quadrillion investment opportunity.
What is GTE Technology?
Jeff Brown claims that the global token exchange (GTE) offers multiple innovative ways to make digital tokens. In essence, an international stage for these tokens to change hands and for investors to switch ownership of assets.
He imagines the $2.1 quadrillion opportunity to present in the form of GTE as a private economy online. This equates to 20k digital tokens being minted daily to represent physical and digital assets rather than individual businesses IPOing daily.
In fact, Brown claims the digitization of the globe means that tokenization will allow investors to own anything from artwork, real estate, gold, new trainers, software, or a car, to celebrity memorabilia and trading cards.
And he may not be wrong about this. Digital versions of anything could be traded easily and quickly in the metaverse, but whether they’ll be worth millions in the real world is highly debatable.
Now that may all sound eerily similar to NFTs. However, Brown says he doesn’t mean NFTs, as NFTs are supposedly small fry compared to his imagining of World IPO Day. Indeed, NFTs are one small aspect of tokenization (blockchain technology).
Yet, Brown also envisions the way NFTs exploded onto the digital scene to mirror what will happen with GTE Technology. Since 2020, the NFT market has exploded to become a marketplace worth billions of dollars.
Red Flag Warning
GTE Technology is highly speculative and riddled with red flags. The most obvious of which is the claim GTE can unlock the market of over 2 QUADRILLION dollars.
As the global GDP is currently around $96.1trn, it’s highly unlikely one single tech platform could generate wealth exponentially bigger than the entire world’s wealth.
Furthermore, the reports discussing GTE Technology online mark Brown’s initial claims in predicting World IPO Day would occur in 2021.
Should I sign up for Jeff Brown’s GTE Technology?
The promotional material for GTE Technology and Jeff Brown features some of the world’s most instantly recognized and admired gentlemen. Warren Buffett, Richard Branson, Michael Jordan, Mark Cuban, Elon Musk, and Jack Dorsey which is bound to attract investor interest.
Furthermore, the process of setting up an IPO for any company is laborious. There are procedures to follow, regulatory forms to complete, multiple rules and requirements to be fulfilled, and this entire process takes a long time. That’s why Jeff Brown’s GTE Technology presents a compelling idea.
However, the reality is that 20k IPOs a day seems highly unlikely. And passing off tokenization as the same as traditional IPOs presents another red flag.
GTE Technology is a hugely speculative gamble that could lead investors to lose a lot of money. Invest in GTE Technology at your own risk.
If you were looking for GTE Corp. rather than GTE Technology, you may find it interesting to know that back in 1997, GTE Corp was a company betting big on the internet. In June 2000, it merged with Bell Atlantic and became Verizon Communications (NYSE: VZ).