| By Teeka Tiwari, Editor, Palm Beach Daily From March 11 to March 12, bitcoin dropped a stunning 47%. At the same time, the S&P 500 was in the middle of a 37% free fall… and even gold dropped 12%. It seemed everything was correlated to stocks and their nosedive. My inbox was full of emails from subscribers who worried bitcoin was not the uncorrelated hedge they thought it was. At the time, I explained bitcoin was down for its own reasons that had nothing to do with stocks. After the dust cleared, we eventually found out risk-taking investors triggered a series of massive margin calls on a bitcoin trading platform. The platform offers up to a 100-to-1 margin. This forced them to liquidate an estimated $700 million in bitcoin. While that happened, a crypto Ponzi scheme was unraveling in China. Scammers were selling over $1 billion in stolen crypto at any price they could get, driving prices down further. The unfortunate timing of these two events – coinciding with the meltdown in stock prices – caused confusion among crypto investors. At the time, I counseled using the pullback as a buying opportunity. Since then, we’ve seen bitcoin rise as much as 76% from its recent lows. I’ve always maintained that bitcoin is one of the best hedges against chaos in the traditional financial world. And so far, that’s proving true. Despite its massive sell-off in March, bitcoin is in the black since January 1… along with the granddaddy of chaos hedges – gold. Meanwhile, the Nasdaq, S&P 500, and Dow are down 11%, 14%, and 18% year-to-date, respectively. So why is bitcoin weathering the coronavirus storm, while stocks have taken a beating (even after this remarkable rally)? I’ll tell you today… | Recommended Link | | Billionaire-Insider's No. 1 Tech Stock Recommendation EXPOSED?
Behind closed doors in Vancouver, Canada, this billionaire-insider pulled back the curtain on a unique type of stock that has exploded an extraordinary… 15,057%, 46,589%, 86,729%, 298,200%, and 10,000,000%. Even better, he revealed the full details of one stock that’s trading for 81¢… But 99.9% of regular investors have no way of properly identifying it. So while this uncensored footage is still online… | | | -- | Bitcoin's Supply Is Stable Unlike most other assets, bitcoin’s supply is forever fixed. Because of its computer code, there can never be more than 21 million total. The only other asset that comes close to providing such a fixed supply is gold. And it’s this fixed supply that’s making bitcoin so popular right now. You see, just as people have always used gold to protect the purchasing power of their money, bitcoin is emerging as a form of “digital gold.” Investors are flocking to both gold and bitcoin to protect the value of their money from central banks’ reckless currency inflation. My research shows the governments of the U.S., Europe, and China will spend nearly $6 trillion combined in stimulus to rescue the global economy from the coronavirus pandemic. The Federal Reserve, America’s central bank, just announced its own $2.3 trillion money-printing program [in April]. That’s on top of its pledge to buy an unlimited amount of assets that some analysts say could add another $5 trillion to the Fed’s balance sheet. This unprecedented money-printing will dilute money so much that – 10 years from now – the purchasing power of the U.S. dollar could be cut in half. That’s why I think everyone should own some gold and bitcoin right now. And of the two, I think bitcoin will have a bigger move higher. Why Are Cannabis Stocks Suddenly Soaring? Here’s why… As I mentioned earlier, unlike fiat (government-issued) currencies, bitcoin has a fixed supply. And starting next month [May 2020], the incoming supply of bitcoin will be cut in half. We call this decrease in new bitcoin supply the “halving.” Remember, there can never be more than 21 million bitcoins in existence. And computer code strictly regulates their issuance. Every 10 minutes, bitcoin “miners” compete to solve a complex mathematical problem using intense computing power. As I write, whoever solves the problem first is awarded 12.5 bitcoins. When that halving event occurs in May, the reward will drop from 12.5 to 6.25 bitcoins. Over a year, that will drop the supply of new bitcoin coming to the market from about 675,000 to about 337,500. This supply cut is embedded in bitcoin’s code. So it’s 100% guaranteed to happen. Meanwhile, central bankers will be pumping trillions of new fiat currency into the financial system. So as the demand for the U.S. dollar will weaken (because the Fed is diluting the dollar by printing so many of them), the demand for bitcoin will skyrocket just as the incoming supply of new bitcoin gets cut in half. This isn’t rocket science, friends. Bitcoin is going much higher from here. | Recommended Link | | These weird devices are about to appear all over America
According to America's top tech futurist – dubbed the "Tech Prophet" by Forbes – millions of these strange little devices are about to appear in every corner of our country… including your home. What are they? And why did one tech insider with connections to Apple and Microsoft claim they'll "rewrite the rules of what's possible"? | | | -- | Demand Is Surging Safe-haven buying is only one part of the bitcoin-demand story. For instance, the World Economic Forum has projected that blockchain (bitcoin’s underlying tech) will store 10% of the world’s GDP by 2027. That’s $8.6 trillion – a 295,762% rise from today’s $2.9 billion. And physical delivery of bitcoin on crypto platform Bakkt is at record highs – up 44% since last month… Meanwhile, brokerages like Fidelity and TD Ameritrade are expected to roll out crypto services to their clients. Friends, we’re on the verge of 500 million stock investors being able to buy crypto with just one click of a mouse. This is happening just as demand for safe-haven assets is exploding. It’s a phenomenal mix that will ignite a powerful rally in bitcoin. So if you’re looking to build your exposure to crypto, start with bitcoin. We generally recommend an allocation of up to 2% of your portfolio in cryptos. Remember, even a small allocation can make a big difference. Cryptos offer you a chance to make asymmetric bets. That means you need to invest only a tiny stake to have a chance at life-changing gains. Let the Game Come to You! Teeka Tiwari
Editor, Palm Beach Daily Chris’ note: Teeka and his team at Palm Beach Research Group are still as bullish on bitcoin as they were eight months ago. In fact, Teeka says we’re going to see $60,000 bitcoin sooner than most folks realize. So it’s not too late to buy. For more on how, check out our free special report here. And for more on Teeka’s $60,000 bitcoin call, catch up here. Like what you’re reading? Send your thoughts to feedback@legacyresearch.com. IN CASE YOU MISSED IT… WARNING: You're about to lose access to five trade alerts with spectacular profit potential In this new recording, former Cantor Fitzgerald partner and senior vice president at Jefferies investment banking group Jason Bodner reveals the names of the #1 stocks he identified in today's five hottest market sectors… He believes the five stocks he shares at the end of this video may have spectacular profit potential. But you must watch this event if you wish to receive them – and according to our records, you have NOT watched this yet. You may only have a few hours left to get in on this today… Click here to watch it immediately to make sure you don't miss a thing. 
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