| By Teeka Tiwari, Editor, Palm Beach Daily Bitcoin has pulled back since hitting its all-time high around $58,300 late last month. It currently trades around $47,500 – a 23% drop from its high. And I couldn’t be more excited. Let me explain… My longtime readers know volatility is the price we pay for realizing massive returns. For instance, last Monday my paid-up Palm Beach Crypto Income subscribers had the opportunity to book massive gains of around 37,500% on one of my altcoin recommendations. So today, I’ll explain why a pullback is actually great news for us… And how it’ll help us take advantage of the biggest bull market we’ll ever see in crypto. | Recommended Link | Legendary Former Hedge Fund Manager: "This is the only ticker you need in 2021" There's only one ticker you need for 2021. It's not TSLA (Tesla)... Not AMZN (Amazon)... Not FB (Facebook)... Not GOOGL (Alphabet Inc.)... This is coming straight from a legendary hedge fund manager who made $274 million for his former fund… And went 20 years without having a losing year. He was even featured in the book series Market Wizards as one of the best traders of all time. The good news is he's revealing the ticker symbol on Wednesday, March 10th, at 8 p.m. ET… no strings attached. | | | -- | A Deeper Pullback Would Be Even Better On February 21, bitcoin (BTC) hit an all-time high above $58,300. Since then, it’s pulled back to as low as $42,000. What’s funny is, over that short period of time, I’ve had so many friends – personal friends who’ve known me for a long time – call me and say, “T, is this the 2018 Crypto Winter bear market all over again? Should we be worried?” Each time, I’ve said, “No. Hold on a second. This is crypto. This isn’t investing in Dow Jones blue-chip stocks. Volatility is the name of the game. The key is making volatility work for us.” Remember, markets climb a wall of worry. If everybody is super excited about an asset, it’s usually not a great time to get in it. When fear comes back in the market, people start selling… and that’s the time to get in. The less you pay for an asset, the less you risk losing – and the bigger gains you stand to earn when the price goes up again. So from a purely selfish standpoint, I’d love to see bitcoin dip into the $30,000s again. Will it? I don’t know… But if it does, I’ll be greeting it with glee instead of fear. Now, I know a lot of people are probably thinking, “Oh, Big T, why would you want to see it go down like that?” For a couple of reasons… First, my buy-up-to price for bitcoin is $40,000. So a pullback would put bitcoin even further back into buy range again for my readers. And second, you need these horrible, horrific, scary sell-offs to bring fear back into the market. These cooling-off periods give bitcoin time to breathe before it takes off again… Closing Window I want you to listen closely when I tell you this: We’re at the beginning of what will be a gigantic bull market. Here’s why… For those who’ve been following me long enough, you know I’ve been betting on Wall Street investors’ greed for fees driving them into crypto assets. Jeff Brown's #1 stock for this $11.9 trillion revolution Financial institutions have trillions of dollars of capital at their disposal… and it will take only a tiny fraction of that capital to rocket crypto prices even higher. But here’s the thing… Institutions can come into an asset for the first time only once. And you have only one chance to get in before Wall Street does. Once the window closes, it will close for good. We’re already on the cusp of broad-based adoption of cryptos. Let’s take bitcoin as an example… According to Business Insider, bitcoin demand is so great that PayPal (PYPL) and Square (SQ) customers are buying nearly every single new bitcoin mined. So those bitcoins are out of the market. And just last week, we saw the launch of the world’s first two bitcoin exchange-traded funds (ETFs) in Canada… The first, the Purpose Bitcoin ETF (BTCC), hit over $560 million in assets under management in about a day. One analyst said it was equivalent to about $5 billion in volume on a U.S. exchange. This is insane… When the first gold ETF launched in 2004, it took almost three days to reach $1 billion in assets under management. It’s only a matter of time before we see a bitcoin ETF in the United States… And the inflows will make the biblical flood look like a puddle. According to the U.S. Census Bureau, nearly 32% of Americans have retirement plans like a 401(k). That’s a $5.3 trillion pool of capital. Let’s be conservative and say 1% of that migrates to a bitcoin ETF. That’s $53 billion right there. On top of that, Visa (V) just announced it will issue bitcoin reward cards. So of course, other companies will follow. The top four card issuers, Visa, Mastercard (MA), American Express (AXP), and Discover (DFS), generated nearly $7 trillion in purchases alone last year. So you can see the potential here. There will be even more massive demand for bitcoin… But where will the supply come from? Well, they’re not getting my bitcoin – at least not yet. And there’s a huge population of HODLers like me who won’t sell their bitcoin, either. (HODL is a misspelling that’s come to mean “hold on for dear life,” so a HODLer is a long-term bitcoin holder.) We’re waiting for much higher prices. That means anyone who wants to buy bitcoin will have to go into the open market… and pay whatever the market asks. And there’s no way to create more bitcoins beyond its current emission schedule. It’s not like gold. If all of a sudden demand for gold exploded… gold miners would ramp up production, which would eventually bring prices down. You can’t do that with bitcoin. The supply is strictly controlled by its fixed algorithm. This is what the world doesn’t understand. Bitcoin’s price will go ridiculously higher. And as it goes higher, the whole crypto market will go higher along with it. | Recommended Link | Do you know about this NASDAQ "glitch"?
Jeff Brown just uncovered a mysterious "glitch" on the Nasdaq, the Dow and the NYSE… Wall Street keeps quiet about it. So it's probably a complete secret to 99% of investors… But when the "glitch" triggers… it could send any of the 5,500 stocks up 10x… 20x… or even 30x or more! Jeff just released a special briefing about his revolutionary discovery. He reveals EXACTLY how the glitch works and how you could potentially profit from it… Plus, he gives you a full list of stocks this glitch has just triggered – for FREE. | | | -- | The Price of Life-Changing Gains But will this happen in a straight line? No, of course not. It’s naïve to think any asset will go up in a straight line. We’ve seen how volatile bitcoin can be. In the 2018 Crypto Winter, bitcoin plunged as much as 84%… only to rocket to new highs this year. I’ve said for years that volatility is the price you have to be willing to pay for life-changing gains in crypto. You won’t see these huge up cycles without some huge down cycles, too. But there are so many people who aren’t willing to pay that price. They bought bitcoin at $57,000… watched it drop to $42,000… and sold it. You’ll see it happen again and again. It’s the unfortunate nature of most humans. They’re just not wired to make a lot of money from a volatile asset. Are you? It doesn’t mean investing all your money in bitcoin. My longtime readers know how I approach crypto. We use small, uniform position sizes so we can deal with massive paper losses. That’s how we got through the Crypto Winter. And it’s how we’ll get through future pullbacks. Friends, my job is not only to find great ideas for you… It’s to make sure you survive the rough times… help bring you through… give you courage in your convictions… and get you across the finish line. So don’t give up at the one-yard line. Don’t sell your bitcoin because of this pullback. Trust the research. Follow our risk management. And let time do the heavy lifting. Along the way, you’ll be able to “scoop” some cream off the top, just like my Palm Beach Crypto Income subscribers did last week before bitcoin’s big drop. Let the Game Come to You! 
Teeka Tiwari
Editor, Palm Beach Daily P.S. Right now, I’m seeing a new opportunity in the crypto market – even bigger than when I recommended bitcoin at under $400 in 2016. (It’s up over 11,700% since then.) This opportunity involves a new subclass of cryptos called “Tech Royalties.” They’re about to completely disrupt the traditional financial system. “Tech Royalties” are a brand-new way for crypto projects to drive the adoption of their blockchain technology by allowing investors to take part and cash in as the projects grow. These special cryptos are making massive gains of 3x, 5x, 10x, and more… And on top of those life-changing gains, they generate huge slugs of income, with annual yields as high as 300%. I’ve put together a free special presentation to explain it all right here…
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