By Justin Spittler, editor, Casey Daily Dispatch
“It’s too late to buy cryptocurrencies. The opportunity’s gone.”
My colleague Teeka Tiwari, editor of The Palm Beach Letter, says he hears this all the time. But you can’t really blame people for thinking this. After all, cryptocurrencies have skyrocketed this year.
Just look at this chart of bitcoin, the world’s most popular cryptocurrency.
It’s soared 321% this year.
That’s an enormous gain. But it’s nothing compared to what other cryptos have done.
Ethereum, the second-largest cryptocurrency, is up 3,468% this year. Dash, another major crypto, is up 2,820%. Smaller ones have soared more than 10,000%.
After these kinds of explosive moves, it’s natural to think that the ship has left the harbor…that it’s too late to get on board.
• But Teeka thinks this boom is far from over…
In fact, he told attendees at the Stansberry Conference in Las Vegas yesterday that they’d be making the “biggest investment mistake” of their lives by ignoring cryptocurrencies.
That’s a bold statement. But Teeka knows what he’s talking about.
He’s traveled all over the world to learn about this emerging technology.
He’s on a first-name basis with the most powerful people in the industry.
He’s even grilled teams that are developing new cryptocurrencies.
This “boots on the ground” research has helped Teeka understand this emerging industry from the inside out. It’s also given him a huge edge over other crypto analysts.
But don’t take my word for it. Teeka’s track record speaks for itself.
Since April 2016, Teeka’s told his readers about 26 crypto opportunities. The average gain of those recommendations is 1,021%.
His biggest winner was a cryptocurrency that soared 36,000% in six months. That’s enough to turn $1,000 into $400,000.
But don’t worry if you haven’t bought cryptos yet.
• Teeka says “we have a long way to go”…
I’ll tell you why Teeka thinks this in a minute. I’ll also show you how to take advantage of this incredible opportunity.
But let me first tell you why I’m in Vegas…
Back in June, I did something I’ve wanted to do for years.
I sold most of my belongings. I packed up my car. And I hit the road.
That’s right. I became a digital nomad.
I did this so I could find (and tell you about) the best moneymaking opportunities on the planet.
So far, this journey has taken me to Vancouver, Seattle, San Francisco, and Denver.
I’m now in Vegas at the Stansberry Conference. I came here because this conference attracts some of the world’s brightest investors.
In fact, I’ve already heard brilliant people like Steve Sjuggerud and Shark Tank’s Kevin O’Leary deliver incredible presentations. But nothing compared to Teeka’s…
• Teeka took the stage at around 2 p.m. yesterday…
For the next 30 minutes, he had the audience in the palm of his hand.
This is partly because Teeka’s an incredible presenter. He knows how to grab an audience’s attention and hold it.
But that’s not why his presentation was memorable. The real reason he stole the show is because of the topic he discussed.
Remember, a lot of people think cryptocurrencies are in a giant bubble. But Teeka made sure everyone in that room knew there was still a fortune to be made off them.
And there’s a simple reason for this…
• The cryptocurrency market is tiny…
Bitcoin, for example, is just a $41 billion market.
That may sound like a lot. But Apple, the largest U.S. company, has twice as much cash on its balance sheet.
Of course, there are nearly a thousand other cryptocurrencies besides bitcoin.
But even if you include those, the entire crypto market is still worth only $100 billion.
For comparison, the gold market is worth $8.2 trillion. That’s 82 times bigger than the entire crypto space. Then there’s the global stock market. It’s 668 times bigger.
Like I said, the cryptocurrency market is still tiny.
• But Teeka doesn’t think it will stay this way for long…
That’s because giant financial institutions are starting to embrace cryptocurrencies.
Teeka told investors at the conference yesterday:
Every major bank in the world is looking at this technology.
That’s not an exaggeration.
JPMorgan, one of the largest U.S. banks, recently set aside $9 billion to study the blockchain, the technology that underpins every cryptocurrency.
Last year, British multinational bank Barclays performed its first blockchain-based trade finance deal.
RBS, another global banking giant, is also spending a fortune to research blockchain technology.
These aren’t the only promising development happening, either.
• Entire countries are embracing cryptocurrencies, too…
Japan legalized bitcoin payments in April. Two months later, India did the same thing. Even Russia plans to legalize bitcoin next year.
Teeka says countries are doing this for a simple reason: “You cannot legislate away a decentralized technology.” And that’s exactly what cryptos are.
This is a major deal. This tells us other countries will soon have no choice but to legalize bitcoin.
But that’s not even the main reason Teeka thinks cryptos are about to surge higher.
• Global exchanges are planning to launch crypto products…
The Chicago Board Options Exchange (CBOE), for one, plans to introduce cryptocurrency derivatives before the end of the year.
This is a game changer, according to Teeka.
You see, right now, big banks have no way to hedge their risk if they buy cryptocurrencies. And that’s kept a lot of big players out of the market.
But that will change practically overnight once the CBOE introduces crypto derivatives.
And it isn’t alone. The Commodity Futures Trading Commission (CFTC) also plans to introduce crypto derivatives soon.
• When these changes go through, Teeka says it will unleash a “stampede of elephant-sized capital”…
Keep in mind, we’re not talking about billions of dollars. We’re talking trillions.
That’s why you simply can’t afford to ignore this opportunity. If you do, Teeka says you’d be making “the biggest investment mistake of your life.”
So, consider speculating on cryptos if you haven’t already.
Just be very careful. Cryptos, after all, are incredibly volatile. Not only that, Teeka says more than 90% of these currencies are “garbage.” Some are even outright frauds set up to take advantage of naïve investors.
The good news is that, according to Teeka, there are a few diamonds in the rough out there. So, do your homework before diving in.
Las Vegas, Nevada
September 29, 2017
P.S. Teeka didn’t just lay out his bullish case for cryptos yesterday. He also shared three ways to profit from this coming “stampede.”
According to Teeka, all three of these crypto plays could turn into 10-baggers. And with a little luck, one could soar 100x or more.
You can learn more about this incredible opportunity by signing up for Teeka’s advisory, The Palm Beach Letter. Click here for details.
Today, more readers write in with their thoughts on cryptocurrencies:
I have had a massive payday this year due to the appreciation of cryptocurrencies particularly one that I purchased at around $0.23 and sold at just short of $50, providing enough gain to purchase a house for myself and my son. Since the time I sold, this particular coin has declined to the low 20s but still, compared to my cost, the remaining stake is still massively profitable. So I tend to be a big believer in cryptocurrency and blockchain while also being cautious and using only position sizes that are trivial to my net investible wealth.
I have to say, I have been ready for a non-government currency for a long time and for now, bitcoin and other cryptocurrencies fit the bill perfectly even without respect to whether there is now a bubble in this asset class.
I’m with Doug on this one. Cryptocurrencies are here to stay, not just a fad. For the record, I’ve been following the bitcoin story since I first heard about it in 2009. The story was much like the internet in the early 1990s. For the record, I don’t own any cryptocurrencies of my own. I’m still a dollar investor. I don’t support a cryptocurrency, at least one that rises and falls so the government can easily debase its value.
I feel that anyone’s hard-earned money should be stable. However, not many people agree with my views, for this reason and the many Doug has pointed out in a recent email, I’m supporting Doug.
Cryptos are a stupid fad! Never will last!
As Teeka says, as long as most people aren’t involved, and it’s a little complicated and requires work to buy, plus people like Jamie Dimon put out derogatory statements about bitcoin, more profits are assured.