Justin’s note: Even if you haven’t been following the cryptocurrency market, if you’ve been reading the Dispatch you should know that this asset class is moving.

But bitcoin has been doing most of the heavy lifting. The world’s most popular crypto makes up 56.5% of the overall crypto market cap.

That has many people wondering whether bitcoin will leave behind the so-called “altcoins” – which include any other crypto.

So to get the answer, our friend Nick Rokke over at Palm Beach Research Group reached out to world-renowned cryptocurrency expert Teeka Tiwari for the latest. Here’s a transcript of their interview…


By Nick Rokke, analyst, The Palm Beach Daily

Nick: Thanks for joining me today, T. The altcoin market is up 98% since January 30. But bitcoin is up 132% over that span. Why is the altcoin rally trailing?

Teeka: That’s a good question.

You see, bitcoin is just crushing the altcoin market. So investors fear their other coins will get left in the dust. Some folks have even asked me if they should sell all their altcoins and go all-in on bitcoin.

But the first thing everybody should do is just take a deep breath. What we’re seeing now is perfectly normal.

Every time crypto emerges from a brutal bear market, bitcoin rallies first. On average, it outperforms for about six months. But after that, the altcoin market catches up. And in many instances, it even surpasses bitcoin.

That’s why I counsel patience. This bull market is unfolding exactly as it should – with bitcoin leading the way and altcoins playing catch-up.

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Nick: And why do you think altcoins will catch up?

Teeka: As I said before, cryptos are unlike other asset classes. They don’t react to the vagaries of the business cycle.

For instance, if you have a recession, real estate prices go down. If you have a trade war, earnings take a hit and stock prices go down.

But the only assets in the world I’ve discovered that trade completely independently of the business cycle are crypto assets. That makes them incredibly valuable. It means they have a place in every single portfolio out there.

I’ve been traveling and meeting with “bitcoin whales,” money managers, and family offices. And I can tell you their appetite for all crypto assets – not just bitcoin – is exploding.

The future we’re moving to is one in which every money manager in the world will add some bitcoin, ether, and altcoins to their portfolios. And they’ll do so because studies show they can make more money and lower their overall risk by adding them.

Nick: So what do you say to people who say it’s taking too long to happen?

Teeka: Look, institutions want to be in this market. They just don’t have the infrastructure to get into it – yet.

But people are building the “on-ramps” and “off-ramps” that’ll allow the big money to easily get in and out of crypto assets. By year-end, institutions will have fully compliant platforms they can use to buy, sell, trade, and store cryptos.

Think about it like this: America didn’t build a highway system overnight.

Early U.S. roadways could handle no more than two cars, some horses, maybe a few bicycles, and pedestrians. The U.S. couldn’t experience a surge in commerce between states until it built the necessary infrastructure.

But you needed permits for that. You had to negotiate with each county to build highways through it. And it took years to do so.

The same is true with bitcoin right now. It wasn’t initially built for a massive onrush of institutional capital. But people are finally building those roadways.

Names like Fidelity, Gemini, E-Trade, and Coinbase… they’re all building the highways to connect institutional capital to the crypto markets.

Even Facebook is rolling out its coin to 2.7 billion people. These are soccer moms and people who aren’t necessarily interested in crypto… But all of a sudden, they’re going to be educated on crypto by one of the largest companies in the world.

All along, I’ve been saying 2019 would be the year of Wall Street greed. That’s why this rally doesn’t surprise me – and it shouldn’t surprise anyone else, either.

We’re only at the very beginning of this move. And the prices we’ll see as this money comes into the market will be unfathomable. The rally in front of us will be so much larger than what we’ve ever seen because there will be so much more money going into crypto than ever before.

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Nick: Any final advice for our readers?

Teeka: Nick, you know I don’t have to work anymore. I don’t have to put myself through the stress of writing newsletters or managing such an enormous business.

But I do it because of the value I know I’m providing to my subscribers as we navigate through this market – together. And I say this because investing in cryptos isn’t something you want to go through alone.

The emotional highs and lows can be debilitating. So you need someone who can just come to you and say, “You know what? Let’s take a deep breath and stay rational. Let’s build our portfolio, put our positions to work, and let time do the heavy lifting.”

Look, I don’t want our readers worrying about bitcoin’s relative outperformance. The altcoins will catch up. Just be patient.

We’ve sat through 18 months of a horrible bear market. The hard part is over. So now’s the time to add new ideas and be patient as this new, emerging bull market takes shape.

Because you haven’t seen anything yet.

Nick: As always, great advice. Thanks for your time, T.

Teeka: You’re welcome.

Justin’s note: For the first time this year, Teeka will appear live on camera – tonight at 8 p.m. ET – for an “Ask Me Anything” Q&A session.

During the live discussion, Teeka will explain why he’s pounding the table to buy cryptos for the first time this year… a new catalyst that could send cryptos soaring… and how to prepare for the rest of 2019.

Plus, he’ll answer all your burning crypto questions (and more… it is an “ask me anything,” after all)…

You can send your questions – and register for this free event – by going here. (Please note: Teeka can’t give personalized investment advice.)


Reader Mailbag

Today, readers continue to react to Doug’s recent interview on Iran… igniting a debate about how President Trump should handle the conflict in the Middle East:

Stop this insane neocon warmongering. Iran is surrounded by U.S. military bases and is no threat to us. No more wars for oil or Israel, please!

– George

I was eligible for the military draft in 1972, but fortunately the Vietnam War was winding down and I never served in our military.

Ever since the Vietnam War (I’m too young to remember the Korean War but I have the same opinion), I’ve been of the opinion we have enough of our own problems right here with no need to go looking for trouble elsewhere around the world. The U.S. needs to mind its own business a whole lot more. We never could afford and certainly now with over $23 trillion in debt the U.S. government admits to (that Congress got us into with Nixon’s help, cutting ties with gold), we certainly can’t afford to police the world, not to mention it’s not something we should be doing anyway!

We can’t solve many of our own problems, so it is rather inappropriate to be telling other countries how to run their countries. I feel bad for people who live under oppressive leaders/dictators, but history has shown U.S. meddling has often made matters worse! So I think Doug’s comments are right on!

– Don

For too long, America has approached war as a political game instead of having the military win a war. When America was in sole possession of nuclear bombs, it could have destroyed the Soviet Union. Instead it decided to engage in a détente and extend WWII. Trump is right to attack Iran, a small adversary.

A war with Russia or China would be much more costly. You are a one-world globalist in a world divided between the Western nations and the dictatorships of Russia and China. They want to make Russia and China great again and the U.S. stands in their way. You really don’t believe that they wouldn’t destroy us if they had the ability. Remember Nikita Khrushchev at the UN: “We will bury you.” Russia is doing everything it can to spread dissent in our elections.

As Rodney King said: “Why can’t we all just get along?” It’s because we are different. America is a democracy and Russia and China are one-party systems with dictators elected for life. We will be fighting with them for a long time. Time to stop kicking the ball down the road. Look at what happened with North Korea after Truman told MacArthur to not cross the 38th parallel or Vietnam after Johnson did not go into Cambodia.

They both fell to communism which is going to happen here if socialists are elected. America doesn’t know how to fight anymore because it is too fat and lazy.

– Ray

After two-plus years into the Trump administration, it is very clear that President Trump is not a warmonger, unlike Bush (Iraq) and Obama (Egypt, Libya, and Syria). If there is a war with Iran, I am confident that it will be necessary. I am also confident that we will win. President Trump has demonstrated that he is a very competent commander-in-chief. But don’t expect Libertarians to ever admit it.

Kosta

What are your thoughts on the situation in the Middle East? As always, send us your comments and concerns to [email protected].

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