Entrepreneur Hitesh (Neel) Patel, the owner of an investment firm and an expert in Bitcoin after successfully predicting its rise and fall since 2017, is innovating the usage of blockchain technology. “I will launch the world’s first blockchain-based messenger service and social media in the summer of 2021,” Neel says, “and am developing blockchained-based apps. These developments will cater to nearly 80,000,000 crypto users around the world.” Because of Neel’s commitment to research and to producing technology that will benefit many industries, he has risen to the top of his industry and is now one of its leaders.
That success did not always seem guaranteed, as Neel would have to struggle to achieve his goals. “I was born in India in a small village called Akhaj,” he says. “At first, I wanted to be a pharmacist, but after studying in Bangalore, I decided to switch to computers. That was what I was really interested in.” That shift would take him in search of a job to first Malaysia and then Singapore in 2009.
“In Singapore, I definitely didn’t foresee creating innovative blockchain technology,” Neel states, remembering. “I had no money even to pay rent. I used to sleep on a beach. I got back on my feet and was able to buy 3,000 bitcoins by paying $1 for each without knowing the future of the coin. As we all know, however, it was a jackpot in 2017 – Bitcoin hit $19,000 each, and I sold mine so that I could start Investing in different businesses. This was definitely when my life changed and took me to where I am today.”
Today, that investment in Bitcoin has paid off. Neel owns his New Jersey firm NY WOLVES LLC as well as Squeaks Technology Services Pvt. Ltd., his technology company that is developing Squeaks Social Media and Messenger based on blockchain technology.
“With my investment firm, I teach many individuals how to do financial trading the right way and create a second source of income. This has created more stability for my clients, so I am very glad to have made such an impact on their lives, including their families,” Neel explains. “Financial trading done the right way can make anyone earn a good amount of money even if they are staying at home. For example, in a situation like COVID-19, when millions lost their job, if you were traders, you could have kept working for yourself at home by using your computer for trading. It’s this kind of self-sufficiency that I try to help my clients attain.”
Neel sees a lot of potential for his technology. “The crypto-based social media and messenger service that I am developing will have its own coins and BTC and ETH wallets. I see huge potential for this because the future is for digital currency and digital transactions, which will cut all transaction costs and facilitate banking services to millions of unbanked customers. The technology behind crypto currency and blockchain will connect billions of people with the modern banking system just by using a mobile phone.”
Neel believes that blockchain technology will make doing business easier across many industries and will innovate solutions to long-standing problems. “Blockchain technology development will rise in the near future, and its digital tokens will facilitate everything from banking to real estate to accounting. Blockchain peer-to-peer technology can also be used to cut huge server and storage costs for many applications and lower your dependency on a third-party cloud system. Blockchain can also be one of the most secure and privacy-protected technologies for the new generation, who are concerned about their online privacy.”
That future excites Hitesh. “It is everything I have ever dreamed of doing,” he says. “Years after sleeping on that beach in Singapore, I am poised to unveil technology that will change how so many industries conduct business. I owe that success to my company and to my employees. We have all worked hard to get to where we are today, and I couldn’t be prouder.”