2021年3月30日星期二

Bitcoin Is Now the Most Valuable Financial Service in the World

Palm Beach Daily

Chaka’s Note: On March 13, bitcoin surpassed $60,000 for the first time in its history. And even after its recent pullbacks… bitcoin’s market cap is still over $1 trillion. That’s more than the combined market caps of traditional financial powerhouses JPMorgan Chase, Goldman Sachs, and Bank of America.

Now, at about $58,000 each, Daily editor Teeka Tiwari believes bitcoin can still 10x or 20x your money from here. That’s a huge move for the big boys and institutions worth millions or billions of dollars.

But what nobody sees… what the media isn’t reporting… and what no member of the financial elite wants you to find out is this: Behind the scenes, the smart money is now going all-in on another coin.

That’s why TOMORROW at 8 p.m. ET, Teeka’s holding his Crypto’s Next Trillion-Dollar Coin event to give you all the details… and you’ll even get the name of the Next Trillion-Dollar Coin for free, just for showing up.

To prepare you for this event, we’re running special evening editions of the Daily featuring Teeka’s classic essays. In tonight’s edition, Teeka explains how bitcoin is quickly becoming the most valuable financial service in the world…

Bitcoin Is Now the Most Valuable Financial Service in the World

By Teeka Tiwari, editor, Palm Beach Daily

If you’ve been with me since 2016, you know I’ve been fighting a long battle to educate everyone about the value of bitcoin.

Over that time, I’ve had my reputation impugned… been maligned and ridiculed… and even received hate mail for my conviction in bitcoin.

If you’re anything like me, you’ve probably been laughed at by your family or friends just for talking about the idea of bitcoin.

I know it’s been a tough time. From the heights of the 2017 crypto bull market to the depths of the 2018 Crypto Winter… I asked you to keep the faith and let time do the heavy lifting.

And those of you who stuck with me, I want you to congratulate yourselves… Because we’re starting to reap the rewards of that faith.

Not only was bitcoin the best-performing asset class of 2020… it also obliterated its old highs. We saw bitcoin rise 308% in 2020 – and just recently was as high as $61,000.

Here’s why I feel vindicated: Bitcoin 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 value is over $1 trillion. That’s more than the market caps of Visa ($460 billion)… JPMorgan Chase ($465 billion)… MasterCard ($360 billion)… PayPal ($276 billion)… and Bank of America ($330 billion).

Friends, I want you to understand how far we’ve come since 2016. It’s just 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 that’s different than the one the mainstream media is portraying… you’d see a day when institutional money would flood into bitcoin.

That’s because my research suggested bitcoin would become a bedrock reserve asset for institutional investors. And if you could just hold onto that vision and be patient… you’d see it come to pass. That’s exactly where we are right now.

So the question now is, where does bitcoin go from here?

$500,000 Bitcoin?

Right now, we have a brand-new area of demand for bitcoin as a corporate treasury asset. It’s incredible. Corporations are sitting on trillions of dollars of capital. So even a small weighting to bitcoin can have a profound effect on the price.

For instance, ARK Invest Management put out a recent report on crypto. According to the report, non-traditional assets like real estate and emerging markets make up 5–6% of institutional investors’ portfolios.

So if pension funds and banks allocated a similar weighting to bitcoin, the report suggests bitcoin’s price could go to a half-million dollars.

Now, will that happen overnight? No. Will that happen in a straight line? No, absolutely not.

But we’re already seeing big institutions buy bitcoin. In December, 169-year-old insurance giant MassMutual bought $100 million of bitcoin…

And since last August, data consultants MicroStrategy have purchased roughly 90,000 bitcoin, now worth more than $5 billion… and they paid only about $23,000 per coin on average. That’s a return of more than 100% in less than 8 months.

So the shift is underway.

As I’ve told you all along, what’s more important than anything else is understanding an asset’s trajectory. So I invest my intellectual capital in determining what the trajectory of an asset is… 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 that the reality will occur over time. And not over 100 years, 50 years, or even 20 years. But within a reasonable frame of time, we can all survive long enough to enjoy… just like we’re enjoying right now.

What about Altcoins?

Now, I know I keep talking about bitcoin, bitcoin, bitcoin. And some of you have asked me, “Should we just sell our altcoins and buy bitcoin?” Absolutely not.

I want you to remember this: As new interest comes into crypto, the first enormous slugs of money go into bitcoin. Then it starts to filter through the ecosystem.

And generally speaking, altcoins will outperform bitcoin over time. So you absolutely want to maintain your altcoin ownership. Because whatever is good for bitcoin is fantastic for altcoins.

You’ve got to think of bitcoin as the gateway − it’s the reserve currency of the space. In that regard, it has similarities with the U.S. dollar. It’s the currency every other crypto asset is measured against.

As money comes in, it’s all going to go into bitcoin first, and then pieces will start flowing through the rest of the ecosystem into other coins.

Where Bitcoin Is Headed in 2021

So as I look out through 2021, it’s very pro-bitcoin.

We’ve reached the tipping point among professional investment managers, where they’re running the risk of potentially getting fired if they don’t own bitcoin. And 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.

Again, just look at MicroStrategy… its stock price has more than doubled since acquiring its first bitcoin purchase back in August.

Now I can guarantee you corporate boardrooms across the world − not just the country – are paying attention to that. Everyone is thinking about this. 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 corporations would be prepared to put bitcoin in their corporate treasury this early.

I figured we’d probably have to see a $1 trillion bitcoin market cap before they’d even consider it… but they were buying in when bitcoin’s market cap was well under $600 billion.

That’s why I believe bitcoin will continue to be the most valuable financial service in the world… it’s already broken through $1 trillion while institutions have only just begun to invest.

It’s also why I raised my buy-up-to price on bitcoin from $40,000 to $75,000. It’s not too late to own some bitcoin here. And with institutional money still barely in the space, I still see significant upside going forward.

Let the Game Come to You!

Teeka Tiwari
Editor, Palm Beach Daily

P.S. While the mainstream financial media is focused on bitcoin, billionaires and market insiders are quietly pouring their money into a different crypto…

One that I expect to take the entire crypto ecosystem to the next level… pulling up smaller coins 25x and even 50x higher from here.

That’s why TOMORROW at 8 p.m. ET, I’m holding my next big event: Crypto’s Next Trillion-Dollar Coin, where I’ll explain all the details on the next crypto I expect to top $1 trillion.

And just for attending, I’ll tell you – for free – its name and ticker symbol. (As you might already know, my free picks have been sensational – with average peak gains of 883%.)

So click here to reserve your free seat for tomorrow’s big event… as well as an opportunity to establish an early stake in Crypto’s Next Trillion Dollar Coin. You don’t want to miss it.


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