It’s back to the old drawing board… but I’m happy to do it!
A few months ago, when I published “The Best Way to Beat Bitcoin During the 2021 Crypto Boom,” I put it all on the line, stood there on camera in my crypto “war room,” and publicly predicted we’d see Bitcoin at $50,000 by the end of the fourth quarter of 2021.
Well, looks like I’ll have to revise my prediction upward – significantly – because at this rate, we’ll get there by the end of the first quarter of 2021, easy.
For years now, the story of cryptocurrency has been the story of increasing adoption, and increasing accessibility. The leading cryptocurrency exchange company, Coinbase, represents a landmark player in the process of making it easier and easier for more and more investors to own and hold cryptocurrency, and grab their own stake in the digital money revolution… Read more.
This month on Digitization-X, your host Alex Kagin, Director of Technology Investing Research for Money Map Press, sits down with David Zeiler, a Money Morning editor and 9-year veteran of the cryptocurrency space. He’s an early adopter who mined Bitcoin back when it could still be done with consumer hardware, and a prolific writer on the subject of Bitcoin and cryptocurrency.
For the past week, I’ve been telling you about a special new research project that I’ve been working on. It’s all about one of the best performing asset classes in history, one that’s turned broke college students into millionaires and has the potential to turn its next wave of big investors into billionaires.
It’s an asset that has grown almost 460,000,000% in less than a decade.
I’m talking about Bitcoin.
But all that growth, all the wealth it’s created since its inception in 2009 could pale in comparison to what I see coming for 2020.
I believe that this revolutionary asset is poised to create overwhelming gains again.
This weekend, I told you about a virtually undiscovered corner of the market.
They’re called microcurrencies, and they are already making everyday folks just like you rich – in a matter of days…
I’m not talking about chump change, either…
These are once-in-a-lifetime gains like 3,602%… 5,715%… 24,522%… even 61,714% in real estate, advertising, energy, travel, financial services – you name it.
And today, I want to talk about another one that was created for one of the most explosive corners of the market: health care.
Now most of the time, when you hear about health care, it’s coming from a panel of pundits on the news networks arguing about the latest political legislative battles coming out of Washington.
Of course, that’s by design. They don’t actually care about your bottom dollar – or your health costs – they care about their ratings… which is exactly why I wanted to talk to you.
What we’re witnessing is nothing short of a revolution in the global currency market. But I’m willing to bet that no more than maybe 10 people even know these tiny currencies exist – or how to profit from them.
If you think the tech economy is slowing down, try to rent a home or apartment in San Francisco.
According to a new report from the real estate experts at Nested, the city now has the highest rents around. Not just in the United States – but in the entire world.
It’s no doubt largely due to the fact that the tech boom in SF and Silicon Valley is running at full speed, leaving the city with a vacancy rate below 3%.
Nested based its results not on average rents but on the price people pay per square foot. In San Francisco, renters pay $4.75, the highest among more than 100 cities around the world the agency studied.
While San Francisco lies in the epicenter of the tech sector, it’s not the only city with soaring rents.
Not surprisingly, Wall Street is getting in on the act. The number of financier-owned rental properties in the United States jumped 60% last year.
You can get in on this act, too.
You see, Wall Street needs data – a lot of data – to help them make their real estate investing decisions.
They’re paying top dollar for that data – and most of them are buying it from the tech company I want to tell you about today.
After flirting around the $7,000 mark, the cryptocurrency dropped 6% in about two hours yesterday morning – and has hovered around $6,750 since then.
Of course, plenty of crypto naysayers say it’s yet another sign of Bitcoin’s eventual demise.
However, most analysts blamed the drop on folks selling their Bitcoin in order to pay the taxes on all the crypto gains they made last year – and said to expect more of that through April 17.
Plus… here’s the thing: The smartest money in the world continues to plow money into cryptos.
According to Bloomberg, George Soros’ investment fund is preparing to dive into cryptocurrency trading. Fortune reports that Venrock – the Rockefeller family’s venture capital fund – is partnering with a cryptocurrency investment firm. And that’s following the Rothschild family’s move into the Grayscale Bitcoin Trust late last year.
All that’s encouraging.
Even more encouraging is the massive system upgrade to Bitcoin that’s expected to make the crypto as day-to-day useful as cash.
That technological twist alone could drive the e-currency’s price thousands of percent higher. (And I’ll tell you more about it – and show you how you could cash in – in a minute.)
But first, I want to tell you about a paper I read last week from a politician.
Wait – don’t close this email yet…
You see, after I read it, I almost couldn’t believe my eyes.
Here’s an aspiring governor who’s not afraid to lay out his support for cryptocurrencies and blockchain technology even amid the big selloff we’ve been seeing.
In the paper, he demonstrated how he wants his state to use and/or back these technologies in a number of super-smart ways.
His stance here is yet another sign of the mainstream adoption of cryptocurrencies and blockchain.
And of the massive profits sure to head your way if you invest now, before their growth really takes off.
Back in February 2016, I recommended that you all buy Bitcoin as a hedge – as “The Gold of Tech.”
Those of you who moved on that recommendation made peak profits on the cryptocurrency of more than 5,000% in mid-December. But it’s been a bit of a wild ride since then, with every bit of “noise” sending Bitcoin down 10% or so, and then the next day’s “signal” bringing it right back up.
Just check out what happened while we were all sleeping Sunday night.
Most of the major digital currencies fell pretty hard – Bitcoin, 15% – after South Korea announced that it is cracking down on crypto speculation and launching an investigation into six banks. Seoul wants to make sure these banks are following anti-money laundering regulations – and, most likely, not allowing North Korea to trade cryptos.
I’ve long predicted that the world’s major economies will do all they can to get a handle on cryptos – and that each time they make a move like this, we’ll see a slide.
But digital currencies are here to stay. And they’ll keep coming back – and keep making smart investors money.
In other words, don’t panic.
While this is a very lucrative field, it’s volatile. Therefore, to profit in this exciting new arena against that turbulence, you need a savvy set of tools.
You want to be able to put in lowball limit orders to profit from selloffs. And you’ll need stop-losses to protect your capital and profits.
The road to wealth is paved by tech (along with cryptocurrencies and legal marijuana). I know it. And I hope you know it. If you still have doubts, however, keep reading... Yes, the S&P 500 had a great 2017, rising some 19.4% and...