By Justin Spittler, editor, Casey Daily Dispatch
On April 3, bitcoin eclipsed $5,000.
One month later, it topped $6,000. Three days later, it went past $7,000. Shortly after, it ran past $8,000.
That’s an incredible run. But bitcoin didn’t stop there.
Over the weekend, it breached $9,000 for the first time since November 2017.
It’s now knocking on the door of $10,000. If it can pass this key level, bitcoin will be the biggest investing story in the world. Every mainstream media outlet will be talking about it… and for good reason.
• Humans like big, round numbers…
They’re easy for us to wrap our heads around. We assign significance to them. They’re milestones.
So, people will get excited when bitcoin tops $10,000. They’ll think to themselves, “Bitcoin’s back. I better buy some.”
That I promise you.
And that should propel bitcoin much higher. But there are two even bigger reasons to be bullish on bitcoin.
Let’s look at the first catalyst…
• Last week, Facebook introduced Libra to the world…
Libra is Facebook’s own digital currency.
The social media giant created Libra so people can easily and cheaply send money to one another. You’ll also be able to spend Libra on Facebook and many of its apps. Businesses like Ebay, Uber, and Spotify will also accept Libra.
The intent is to make sending money as easy as sending a text message. According to the creator of Libra, nearly two billion adults “remain outside of the financial system with no access to a traditional bank, even though one billion have a mobile phone and nearly half a billion have internet access.” Facebook hopes Libra will change that.
In short, it’s an incredibly ambitious project.
But Facebook’s not going at this alone. It’s working with some of the biggest companies on the planet. See for yourself.
Now, I know the creation of Libra might seem like a reason to avoid bitcoin.
But Libra could actually be incredibly bullish for bitcoin. Here’s why…
• Facebook is the largest social media company on the planet…
Nearly 3 billion people use it. That’s almost half the world’s population.
Of course, most of these people know little to nothing about cryptocurrencies.
Libra will change that. Palm Beach Confidential editor Teeka Tiwari explains:
Facebook is rolling out its Facebook Coin to 2.7 billion people. These are soccer moms and people that are not interested in cryptocurrency that, all of a sudden, are going to be educated on cryptocurrency by one of the largest companies in the world.
Teeka is a world-renowned crypto expert and one of the most successful investors I know. He recognized bitcoin’s potential long before most people even knew what it was.
In fact, Teeka told his readers to buy bitcoin in April 2016. Back then, it was trading for just $428. Today, it’s trading over $9,000, a 2,000% gain.
And that’s just one explosive crypto recommendation that Teeka’s made in recent years. He also recommended ether (ETH) at $9 in April 2016. It now trades for over $270, a 2,900% gain.
In other words, it pays to listen to Teeka. But there’s another big reason Teeka thinks you should speculate on bitcoin…
• Wall Street is embracing bitcoin…
More from Teeka:
Fidelity Investments announced it will buy and sell the world’s most popular digital asset for institutional customers. Retail will not be far behind. Fidelity has 30 million clients.
TD Ameritrade is testing out crypto trading with partner ErisX. The move is a precursor to opening crypto trading to its retail clients. TD Ameritrade has 11 million clients.
E-Trade is also close to launching cryptocurrency trading for its customers. E-Trade serves nearly 5 million clients.
This, too, is hugely bullish for bitcoin.
• After all, retail investors almost entirely fueled the last crypto bull market…
According to some, 98% of the buying during the last major run-up came from mom-and-pop investors.
This isn’t because major institutions disliked bitcoin. It’s because the infrastructure wasn’t in place.
There simply weren’t secure ways for big institutions to buy and store bitcoin. But that’s changed over the last 18 months. Cryptocurrency custody solutions are now in place to support institutional investment.
This is also huge. After all, the companies Teeka mentioned manage trillions of dollars.
If just a fraction of that money finds its way into crypto, the market could explode. Here’s Teeka again:
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.
That’s something you obviously want to get in front of…
So consider speculating on bitcoin if you haven’t yet.
Just remember that bitcoin’s highly volatile. Its price routinely swings 5% or more in a day. So treat bitcoin like a speculation. Never bet more money than you can afford to lose. And take profits as they come.
Editor, Casey Daily Dispatch
P.S. Teeka isn’t just bullish on cryptocurrencies. He’s also extremely bullish on the legal cannabis market. And next Wednesday, June 26 at 8 p.m. ET, he’ll reveal a unique way to play this trend. It’s a secret that Wall Street has used for years to make millions. In fact, Teeka’s been using it for years to explode his own wealth higher.
And now, he’s kicking down the door to bring these deals to Main Street. You don’t want to miss this huge event. Go here to reserve your seat.
P.P.S. If you’ve been reading the Dispatch, you know we turn to Jeff Brown for the latest in the tech space. Jeff is a Silicon Valley insider who recently put artificial intelligence (AI) on our radar, saying it’s one of today’s biggest money-making opportunities. Below, we’re sharing his latest boots-on-the-ground insight…
Market Insight: The Exponential Rise of AI
By Jeff Brown, editor, Exponential Tech Investor
I’ve been on record all year as saying that AI has reached an inflection point. This technology will transform our society in ways few can predict. And that change isn’t years away. It’s happening right now.
How do I know?
I recently attended the inaugural Amazon re:MARS conference.
The invite-only conference focused on Machine learning, Automation, Robotics, and Space.
I listened to a talk by Andrew Ng. He is an adjunct professor at Stanford University and one of the most influential minds when it comes to AI and deep learning.
Andrew has followed the rise of AI and deep learning since 2008. He attended an annual AI conference every year, and he said that usually, 100-150 papers came out of the conference each year.
Today, Andrew says there are 100 AI/deep learning reports published every day. That means the industry is now producing as much research in a day as it produced in a year for much of the past decade.
And that’s made it impossible for Andrew to keep up on all of the research. There’s just too much coming out for one person to stay on top of it all.
As a result, the number of deep learning jobs has gone up 35 times in the last three years. Again, not 35%… 35 times. That’s incredible growth.
AI is the most explosive trend in technology today… by far. It will be more disruptive than the adoption of the internet. And our lives are about to get a lot easier because of it. We’ll look back one day and wonder how we ever got along without it.
For us as investors, AI will provide us with some of the best investment opportunities of our lifetimes. This trend is that powerful.
– Jeff Brown
P.S. With AI, new industries will be born. Fortunes will be made. The best AI companies will be easy 10-baggers. If you’re an investor hoping to get exposure to AI, the time is now. If you wait even just a few years, you’ll miss it.
I recently hosted a free online investing summit where I showed the investment potential of AI – along with three other bleeding-edge technologies. Go right here to get the full story. But do it before midnight. That’s when my publisher plans to take the presentation offline. So go here before then.