Hi Hoghead1,
I believe these two stories help answer your question but in a nutshell...the companies that assist crypto traders by making their money offering products and services to these traders will be fine whether crypto goes up or down.
San Francisco newspaper publisher and merchant Samuel Brannan walked through the streets of San Francisco holding aloft a vial of gold. Rumors of the discovery of gold were confirmed in March 1848, and started the Californian Gold Rush, where 300,000 people came to California trying their luck in finding gold and the hope of making fortunes. Only a handful of them were actually able to do so, and Samuel Brannan was one of them. He became the first millionaire of the Gold Rush — not by mining the gold, but by capitalizing on the needs of miners, and selling them picks, shovels, and pans.
Another fascinating story is that of Levi Strauss and Jacob Davis. The Levi’s story is the stuff of legends… During the Californian Gold Rush, these two men wanted to cash in on the action, but they did not head for the river grabbing their tin pans. They invented the riveted-pocket work pants we know as “jeans” today, and also sold picks, shovels and wheelbarrows. What they did not do is… pan for gold. When panning for gold, you have a slim chance for a huge payoff. Most miners went home with nothing after betting everything they have on mining for gold. Levi and Jacob however made money from every prospector who came to town wanting to pan for gold, regardless of what their gold haul was.
These people did not focus their energy and efforts trying to hit payday by finding a gold strike, the instead sold picks, shovels and pants. They got paid every time someone bought from them. The crypto businesses Xalles has will assist traders with the products and services they need to dabble in crypto and will get paid every time a customer buys from them.
Sorry about the long explanation.
