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Lifestyle Blog

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Pedro R. Garcia is a San Francisco Bay Area native and broker. His team can assist you with real estate, mortgage and travel for your family and business. Feel free to call anytime 415-900-9469 for a free quote or to schedule a complimentary lunch and learn.

CA DRE 01798480, NMLS ID 969487, SOT 2146304

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2022 is here! What’s in store for cryptocurrency and blockchain?

A blockchain is a digitally distributed, decentralized, public ledger that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in a digital format. A key difference between a typical database and a blockchain is how the data is structured. A blockchain collects data in groups, or blocks, that hold sets of information. Blocks have certain storage capacities and, when filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain. All new information that follows that freshly added block is compiled into a newly formed block that will then be added to the chain once filled.

A database usually structures its data into tables, whereas a blockchain, like its name implies, structures its data into chunks (blocks) that are strung together. This data structure inherently makes an irreversible time line of data when implemented in a decentralized nature. When a block is filled, it is set in stone and becomes a part of this time line. Each block in the chain is given an exact time stamp when it is added to the chain. Different types of information can be stored on a blockchain, but the most common use so far has been as a ledger for transactions.  (source: Investopedia).

A top challenge for the industry has been opaque regulations. The Treasury Department proposed rules that would apply a banking regulation known the travel rule to transactions in cryptocurrency. The Treasury Department said banks and cryptocurrency trading platforms would have to collect, keep and pass on records of customer’s cyrptocurrency transactions and counterparties – including verification of their identities – for any transactions exceeding $3,000. The Treasury issued its proposed rules and sought comments from the public but has yet to complete the rules. (source: Dow Jones).

Posted on Leave a comment Arena Naming Rights Go Live purchased the naming rights to the Staples Center in 2021, with the name change taking effect on Christmas Day. is a trademark of Foris DAX Asia Pte. Ltd, a subsidiary of Foris DAX MT (Malta) Limited. The company operates a cryptocurrency exchange app; the exchange currently has approximately 10 million users and 3,000 employees.

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Long lines and strained supply chain continues

The stock market recouped some losses after selloff. Oil, U.S. stocks, European and Asian shares all had some gains.

Airlines are beginning to plan for possible flight delays associated with a new 5G cellular service going live next year.

Omicron variant causing concern as the holidays near, with long lines expected at testing centers, warehouse style retail stores, ports and points of entry. Small to medium size businesses are facing challenges, specifically restaurants, salons and “mom-and-pop” retailers.

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Market Update 12/20/2021

Supply chain disruptions continue to be an Achilles heel of the global economic recovery. With the holidays around the corner, some companies are generating lower than expected sales. Shortages in packaging and transportation during a critical time of the year have only made things more difficult for retailers, wholesalers, importers and exporters. A strained supply chain and broad inflation may continue, as we are seeing lumber prices rise again, reminiscent of a year ago.

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What happens in the markets when there is so much Government stimulus?

When Governments print money, inflation occurs. It’s that simple. We’ve seen it time and time again throughout history, and we’re seeing it now. At the gas pump, grocery store, whether you’re remodeling your home or paying for education, a new car, retirement, etc. The cost of living continues to climb in major metros. It may have dipped a little bit at the beginning of Covid-19, but living expenses are increasing across the board, and likely across the world. We are also probably going to continue experiencing market volatility.

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Small Business Owner’s and Real Estate

The Small Business Administration provides a lot of different funding options for entrepreneurs. If a business is going to occupy at least 51% of the total leasable space, the owner can utilize the SBA 504 program to purchase commercial real estate. This allows for as little as 10% down payment. A conventional / traditional commercial real estate (CRE) loan requires 20-30% down. There is also private money available for investment purposes; however, this tends to more expensive than the other two options mentioned. I’m a big proponent of creative financing. Stay tuned for my upcoming book: MicroFin, Dispelling the myths of creative financing and low to no down payment real estate investing.