Voters Poised to Expand This Market (Hint: Not Crypto)

Palm Beach Daily

Voters Poised to Expand This Market (Hint: Not Crypto)

By William Mikula, analyst, Palm Beach Daily

In April 2019, crypto market sentiment was still in a pit of despair…

Bitcoin had dropped more than 65% from its all-time high the previous year, while the overall crypto market was down about 70%. It was a bloodbath.

Skeptics were out in droves predicting the death of all things crypto… but here at PBRG, we saw signs of life. After 15 months of lower lows, bitcoin was trying to break out of its downtrend. And what started getting us bullish again was a stream of good news…

Major financial firms like Fidelity were setting up crypto services. And Facebook and JPMorgan Chase had announced plans to launch their own internal digital tokens.

The biggest players on Wall Street and Silicon Valley were coming into crypto, and this meant higher prices. It was simple math. But what really got us bullish was how the entire market was ignoring the good news.

Follow the News, Not the Volatile Market Prices

Whenever the market ignores good news about a beat-up asset class, it’s a sure sign prices are set for takeoff. It’s only a matter of time before investor perception catches up with reality – and sends asset prices higher.

Imminent FDA Approval Could Send This Tiny Biotech Soaring

That’s why on April 3, 2019, Daily editor Teeka Tiwari issued an update to subscribers of his elite Palm Beach Confidential crypto service. Big T told them it was the time to double down on some of our open crypto positions.

Less than three months later, bitcoin went from $4,890 on April 3, 2019, to as high as $13,000 on June 26, 2019.

And more recently, we saw PayPal announce plans to allow bitcoin funding across its platform. The payments giant operates in 202 markets and has over 346 million active users… an exponential increase in bitcoin’s reach.

The king of crypto popped roughly 8% in the days after the announcement − reaching an annual high of $13,000.

America’s #1 tech investor uncovers the breakthrough of the century…

The point is, we’ve seen bitcoin pronounced “dead” before, only to see it come back stronger… a clear sign that the underlying market for bitcoin is getting larger and larger.

Now, crypto isn’t the only market where positive news and market sentiment diverge…

Like crypto, legal cannabis is wildly volatile. And also like crypto, it has many tailwinds that will drive prices higher in the coming months and years.

A Megatrend Is Forming

Regulatory uncertainty has always plagued the cannabis space. But that’s also created the opportunity in front of us. And we’ve seen an uptick in eased restrictions, deeper research, and more explicit guidelines.

Here’s what the map of cannabis legalization in the U.S. looks like now:

chart

Colorado and Washington were the first states to legalize adult use in 2012. This meant the legal U.S. market started small, with just 12.1 million people. But today, roughly 300 million people have access to some form of legal cannabis.

Each month, more states and jurisdictions are opening their markets. And there’s a major catalyst and some important bullish developments that we need to bring to your attention.

On November 3, five states – Mississippi, South Dakota, Montana, Arizona, and New Jersey – will be voting on cannabis legalization measures.

And when a state legalizes cannabis, it creates pressure on neighboring states to do the same. Otherwise, they risk missing out on the tax revenue their neighbor will gobble up.

The most important thing is to keep your eyes on the bigger picture… separate fact from sentiment… and take advantage of the momentum building in the sector.

In tomorrow’s Palm Beach Daily, I’ll dive into what’s going on under the surface of this megatrend… And share an easy way to benefit from the torrent of good news and progress in legal cannabis.

Invest Wisely,

William Mikula signature

William Mikula
Analyst, Palm Beach Daily

P.S. Like I mentioned in today’s letter, legal cannabis isn’t the only megatrend Wall Street is ignoring right now…

Just like PayPal, companies like Amazon, Google, and Facebook are betting on crypto technology… And as more everyday investors follow their lead, this tech could become the No. 1 investment of the decade.

To learn more about the single best place to grow your money in the next 10 years, click here.


Like what you’re reading? Send us your thoughts by clicking here.

IN CASE YOU MISSED IT…

Biden 2024: The Dawn of the Democrats

Business Insider reports: "Joe Biden wants to bring America back to Obama's policies." And according to a recent CNBC poll, Biden beats Trump nationally… and in 6 battleground states.

Joe even admitted he plans to raise taxes and said, "a lot of you may not like that…"

If he wins, it could have huge implications for your savings and retirement.

But no matter what happens in November…

Teeka Tiwari – a New York dock worker turned Wall Street millionaire – reveals three ultra-critical steps you can take to prepare.

Watch His Urgent Video Now.

image


Get Instant Access

Click to read these free reports and automatically sign up for daily research.

image

The Three Best Gold Coin Deals on the Market Today

image

The Ultimate Guide to Taking Back Your Privacy

image

An Insider’s Guide to Making a Fortune from Small Tech Stocks

Palm Beach Research Group
55 NE 5th Avenue, Delray Beach, FL 33483
www.palmbeachgroup.com

Share FACEBOOK
Tweet TWITTER

To ensure our emails continue reaching your inbox, please add our email address to your address book.

This editorial email containing advertisements was sent to phanhoa1821960.trader@blogger.com because you subscribed to this service. To stop receiving these emails, click here.

Palm Beach Research Group welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice.

To contact Customer Service, call toll free Domestic/International: 1-888-501-2598, Mon–Fri, 9am–7pm ET, or email us here.

© 2020 Common Sense Publishing, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Common Sense Publishing, LLC.

Privacy Policy | Terms of Use

No comments:

Post a Comment