| By Teeka Tiwari, Editor, Palm Beach Confidential Since 2016, I’ve been fighting a battle to educate everyone about the value of bitcoin. When I first recommended it to my readers in April 2016, one bitcoin traded at $428. Over that time, I’ve had my reputation impugned... been maligned and ridiculed... and even received hate mail. All for my conviction in bitcoin. If you’re like me, your family and friends have probably laughed at you just for talking about the idea of bitcoin. There were some tough times. From the heights of the 2017 crypto bull market to the depths of the 2018 “Crypto Winter” bear market… I asked my readers to keep the faith and let time do the heavy lifting. Those who stuck with me should congratulate themselves… We’re starting to reap the rewards of that faith. Not only was bitcoin one of the best-performing assets of 2020… it also obliterated its old highs. Bitcoin rose 308% in 2020 – and recently it was as high as $61,683. | Recommended Link | | Could Jeff’s #1 “Timed Stock” make a big announcement? These are your final hours to get into Jeff Brown’s #1 “Timed Stock.” Jeff believes it could make an announcement soon. If it does before you accept Jeff’s offer, you’ve missed out. In the past few months alone, “timed stocks” have shown exceptional gains. | | | -- | The First $1 Trillion Coin Here’s why I feel vindicated… Bitcoin (BTC) is now the most valuable financial service in the world by market cap. This is something I’ve been predicting for years. Today, bitcoin’s “market cap” – the sum value of all the bitcoins in circulation – is more than $1 trillion. That’s more than the market caps of Visa (V, $462 billion)… JPMorgan Chase (JPM, $463 billion)… Mastercard (MA, $353 billion)… PayPal (PYPL, $286 billion)… and Bank of America (BAC, $323 billion). Friends, I want you to grasp how far we’ve come since 2016. It’s a sea change of sentiment. Five years ago, people called bitcoin a “fraud,” a “scam,” or a “Ponzi scheme.” But I said if you could have faith in a future different from the one the mainstream media portrays… you’d see a day when institutional money would flood into bitcoin. My research suggested bitcoin would become a bedrock reserve asset for institutional investors. And if you could just hold on to that vision and be patient... you’d see it come to pass. That’s exactly where we are right now. Last December 170-year-old insurance giant MassMutual bought $100 million of the crypto… And last month Tesla (TSLA) announced it had bought $1.5 billion of the crypto as a reserve asset. So the shift is underway. The question now: Where does bitcoin go from here? COVID Surprise: Nobody Saw This Coming! New Source of Demand We have a brand-new source of demand for bitcoin as a corporate treasury asset. Corporations are sitting on trillions of dollars of capital. So even a small allocation to bitcoin can profoundly affect the crypto’s price. ARK Investment Management recently reported that nontraditional assets such as real estate and emerging-markets stocks make up 5-6% of institutional investors’ portfolios. If pension funds and banks allocate a similar weighting to bitcoin, the report suggests bitcoin’s price could hit $500,000. Now, will that happen overnight? No. Will that happen in a straight line? Absolutely not. But as I mentioned, we’re already seeing financial institutions buy bitcoin. And what’s more important than anything else is understanding an asset’s trajectory. I invest my intellectual capital in determining this trajectory… not the exact timing. I’ve made a lot of money, not by knowing the specific date when something will happen, but by placing my faith in my research that shows me the reality will occur over time. And not over 100 years, 50 years, or even 20 years. Within a reasonable time frame we can survive long enough to enjoy… just like we’re enjoying right now. | Recommended Link | HOLY CRAP!
(And You Can Get His Next Pick…for FREE!) On February 22nd, Teeka Tiwari issued the above "Sell Alert." And while we're not promising gains this high (nothing in the market is certain)… On Wednesday, March 31st at 8 p.m. ET, Teeka is going to reveal his next big pick. | | | | Very Pro-Bitcoin Year Ahead As I look out through 2021, it’s very pro-bitcoin. We’ve reached the tipping point among professional investment managers. They run the risk of getting fired if they don’t own bitcoin. That’s a complete 180 from five years ago. Heck, just two years ago, it was a career-ending risk to put your neck out and own bitcoin, or even talk about owning bitcoin. And that’s completely flipped now. Look at MicroStrategy (MSTR), which bought more than $1 billion of bitcoin for its corporate treasury and continues to purchase more. The stock price is up more than 400% since the company acquired its initial bitcoin last August. Now, I can guarantee you corporate boardrooms across the world − not just the country − are paying attention to that. So this is another demand driver we need to model into the price of bitcoin. Even in my wildly bullish dreams, I didn’t think corporate treasurers would be prepared to put bitcoin in their treasuries this early. It’s more evidence bitcoin will continue to be the most valuable financial service in the world. Let the Game Come to You! 
Teeka Tiwari
Editor, Palm Beach Confidential P.S. Bitcoin has reached escape velocity – and everybody sees it. Billionaires are in a frenzy buying it… The world’s largest payment networks are adopting it… And Wall Street’s most respected firms are rushing to get in. But here’s what nobody sees… what the media isn’t reporting… and what no member of the financial elite wants you to find out… Behind the scenes, the smart money has now begun to go all in on what I consider crypto’s next trillion-dollar coin. In 2016, I recommended bitcoin, which became crypto’s first trillion-dollar coin by market cap. And on Wednesday, March 31, at 8 p.m. ET, I’ll reveal what I believe will be the next $1 trillion crypto… for free. Click here to sign up for the event as a VIP and receive a FREE bonus that would typically cost you $2,500 to access. Then mark your calendar for March 31. Just for attending the event, I’ll tell you the name and ticker symbol of this coin. You don’t want to miss it. Like what you’re reading? Send your thoughts to feedback@legacyresearch.com. IN CASE YOU MISSED IT… Breaking Now: Biden's Disturbing Plan To "Reset" America The "Great Reset" started on January 20th with the inauguration of Joe Biden. Between now and the midterms, the American economy could be reshaped forever – and renowned analyst Jeff Brown has found the "lynchpin" to the entire plan. Go here before this message is removed. 
Get Instant Access Click to read these free reports and automatically sign up for daily research. | 
No comments:
Post a Comment