Editor’s note: The recent crash left many industries in uncharted territory. So it’s important for investors to pinpoint sectors that can emerge intact once the dust settles. And the crypto market is proving it can handle volatility.
That’s why today, we’re bringing you another piece from our colleague Teeka Tiwari. Teeka’s an expert on cryptos… And he says we’re just days away from a rare event that will send coins soaring.
On Wednesday, he held a special briefing where he explained the forces that will make this event inevitable – and how just a small stake could make early investors millions. If you missed it, you can go here to watch the replay.
Then, read why Teeka’s so confident about this move in crypto… and how the coronavirus will make this trend even stronger…
By Teeka Tiwari, editor, Palm Beach Confidential
On March 16, I asked my readers to make a difficult decision…
It feels like the world is burning around us. Markets are crashing. A global recession appears imminent. And fear is running rampant.
Right now, your top priority is to protect what you have: your family, your health, and your wealth. If you’re like most people, you have no interest in doing anything other than hunkering down and riding out the storm. I get it. I really do.
But today, I’m going to ask you to do something really difficult… You won’t want to do it. You might even hate me for asking you to do it.
Today, I am asking you to go on the offense… I’m asking you to make a move that could alter the course of your family’s fortunes forever.
At the time, we were in the early stages of the coronavirus pandemic in America. And I was telling the world about a rare event I call “The Phenomenon.”
The Phenomenon is the combination of two forces: The bitcoin halving and increased crypto demand.
The last two times it occurred, we saw a handful of coins shoot up as much as 414,414% (Spectrecoin), 539,733% (Reddcoin), and even over 1,000,000% (Verge).
Five hundred dollars into each of these coins would have been worth as much as $2 million, $2.7 million, and $5 million, respectively.
But with the coronavirus tearing across the globe, the No. 1 question I got from readers was, “Can those types of gains still happen?”
I understand the instinct is to get defensive in uncertain times like we’re in now.
But if you give into your fears and ignore the Phenomenon, you could be making the biggest financial mistake of your life.
This isn’t me making a wild guess. And I’m not trying to minimize the impact of the coronavirus, either. Make no mistake: The coronavirus is incredibly serious. But that doesn’t change the fact that the Phenomenon is a 100% certain event. It’ll go on as planned.
Today, I want to tell you why the coronavirus has actually made the case for crypto even stronger.
Disrupting the Financial System
I believe crypto’s underlying blockchain tech will become this decade’s No. 1 investment.
And I can’t tell you how many different projects I’ve come across in which blockchain tech is helping to alleviate the coronavirus crisis…
It’s helping to secure supply chains
It’s being used to authenticate N95 masks
And one report I saw said it will help the healthcare industry save up to $150 billion each year
Now, I’m certain blockchain will disrupt plenty of industries. But crypto will have a more immediate impact on the global financial system…
Central banks are engaging in an odyssey of money-printing the likes of which we have never seen before. This reckless money-printing will ultimately debase the value of the U.S. dollar.
You can only dilute a currency for so long before people say, “Hold on a second. I want a way out of this broken system.”
Unlike central banks, which can print unlimited supplies of money, bitcoin’s supply is fixed. And while the Federal Reserve is cranking up its “printing presses,” the halving will cut bitcoin’s incoming supply in half.
The debasement of all paper currencies is a tailwind that should ensure a steady demand for bitcoin by investors looking for a cheap currency hedge.
After all, the last two times the halving occurred (in 2012 and 2016), we saw crypto prices go up 22,800% and 3,247%, respectively, in just 19–21 months…
With potential gains that high, investors can allocate 1% of their portfolio to bitcoin to soften the blow of just about any drop in the value of their home currency.
Companies are positioning themselves to take advantage of this renewed interest in cryptos. For instance:
Visa announced it’s launching a bitcoin rewards card.
Microsoft filed a patent for its own cryptocurrency.
Amazon is already using its own digital currency, Amazon Coin.
And it’s no coincidence that they’re getting into crypto right before the Phenomenon…
Low Risk, High Reward
The impact of the coronavirus will not last forever. But we are not out of the woods yet.
Assets such as bitcoin and a carefully chosen portfolio of crypto coins offer a low-risk/high-reward hedge against even greater stock market and economic disruptions.
That is the exact argument I made in mid-March, and since then, bitcoin has been up as much as 125% – outperforming gold and stocks.
But here’s the thing… I think the Phenomenon will boost a tiny subsector of cryptos even higher than bitcoin.
Now, I don’t have space to go into it in this article…
But on Wednesday, I hosted a free educational event where I laid out all the facts on two forces coming together that can take a handful of $500 investments and turn them into as much as $5 million.
I know it sounds outrageous. But I believe crypto will become a major financial asset after the coronavirus pandemic. That’s why I went to extreme lengths on Wednesday to convince you that a few hundred dollars in the right coins can change your life forever.
If you missed my special event, you can go here to watch the replay. And remember, the Phenomenon will happen in just a few days.
Let the Game Come to You!
Editor, Palm Beach Confidential