Rachel’s note: I wanted to remind you about a special event taking place tonight at 8 p.m. ET.
Our colleague Teeka Tiwari is hosting a presentation to reveal the next money-making catalyst he sees in the crypto space.
For those of you who don’t know, Teeka’s a former hedge fund manager who’s been called America’s No. 1 investor. He’s also been pounding the table on bitcoin for years – while so-called mainstream experts called him crazy.
But now, with bitcoin hitting all-time highs over the past year, Teeka says the real wealth-building opportunity lies somewhere else…
He’ll reveal all the details tonight. Including the name and ticker of the coin he believes will be the next trillion-dollar crypto – completely free. Just go right here to reserve your spot.
Then, read on below for why bitcoin’s recent pullback is actually a good thing…
By Teeka Tiwari, editor, Palm Beach Daily
Bitcoin has pulled back since hitting its all-time high of around $61,000 this month.
And I couldn’t be more excited.
Let me explain…
Longtime readers know volatility is the price we pay for realizing massive returns – like my paid-up subscribers, who recently had the opportunity to book massive gains of around 37,500% on several of my crypto 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 I believe we’ll ever see in crypto.
Why a Deeper Pullback Would Be Great
On March 13, bitcoin hit an all-time high above $61,500. Since then, it’s pulled back to as low as $50,800… As I write this, it’s trading around $59,000 – down about 4% from its all-time high.
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 Crypto Winter all over again? Should we be worried?”
I 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. So I love it when fear comes back in the market.
From a purely selfish standpoint, I’d love to see bitcoin dip into the $40,000s 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?”
You need those horrible, horrific, scary selloffs to bring fear back into the market. These cooling off periods give bitcoin time to breathe before it takes off again…
2021 Will Be the Biggest Crypto Bull Market You’ll Ever See
I want you to hear me closely when I tell you this: We’re at the beginning of what I believe will be a gigantic bull market.
If you’ve been following me long enough, you know I’ve been betting on Wall Street’s greed for fees driving them into crypto assets.
Financial institutions have trillions of capital at their disposal… and it will only take a tiny fraction of that capital to send crypto prices rocketing even higher.
But here’s the thing…
Institutions can only come into an asset for the first time once. We’re on the cusp of broad-based adoption of cryptos. And you only have one chance to get in before Wall Street does. Once the window closes, it will close for good.
Let’s just take bitcoin as an example…
According to Business Insider, bitcoin demand is so great that PayPal’s and Square’s customers are buying nearly every single new bitcoin mined. So those bitcoins are out of the market.
And last month, we saw the launch of a new bitcoin exchange-traded fund (ETF) in Canada… It hit a record of 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 astounding…
When the first gold ETF launched in 2004, it took it almost three days to reach $1 billion.
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 recently announced it will issue bitcoin reward cards. So of course, other companies will follow.
The top four card issuers, Visa, Mastercard, American Express, and Discover, generated nearly $7 trillion in purchases alone last year. Can you start to see the potential here?
There will be a huge 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. We’re waiting for much higher prices. (HODL is a misspelling that’s come to mean “hold on for dear life,” so a HODLer is a long-term bitcoin holder.)
That means anyone who wants to buy bitcoin will have to go into the open market… and pay whatever the market is asking.
Do you understand how bullish this is?
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 algorithm.
This is what the world doesn’t understand. Bitcoin prices will go ridiculously higher. And as they go higher, the whole crypto market will go higher along with it.
Volatility Is the Price We Pay to Make Millions
But will this happen in a straight line?
No, of course not. We saw that in the 2018 Crypto Winter when bitcoin plunged as much as 84%… only to rocket to new highs this year. So it’s naïve to think bitcoin (or any other asset for that matter) will go up in a straight line.
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 upcycles 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 as it dropped to $42,000… and sold it.
And 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.
But you are…
If you’re new to my research, here’s 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 my readers… It’s to make sure you survive the rough times… to help bring you through… to give you that courage of your convictions… and get you across the finish line.
So don’t give up at the one-yard line. Just let time do the heavy lifting. And lead you down the path of life-changing gains.
Let the Game Come to You!
Editor, Palm Beach Daily
P.S. Bitcoin may have pulled back, but now it’s reached escape velocity.
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. We are at a “tipping point,” to put it in the words of Citigroup.
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 has now begun to go all-in on what I consider to be Crypto’s Next Trillion-Dollar Coin.
Back in 2016, I recommended bitcoin, what became crypto’s first trillion-dollar coin by market cap. And tonight, at 8 p.m. ET, I’ll reveal what I believe will be the next $1 trillion crypto, for free.
Click here to attend the event as a VIP and receive a FREE bonus that would typically cost you $2,500 to access. And just for attending the event, I’ll tell you the name and ticker symbol of this coin. You won’t want to miss it.