Chris’ note: I’ve spilled a lot of ink about why now is the time to buy bitcoin. That’s because of an event this month that will see bitcoin’s supply halved as demand surges.
No one knows more about this than my friend and world-renowned cryptocurrency expert Teeka Tiwari. Teeka has probably helped mint more millionaires than any other newsletter writer in the country. And as you’ll see below, it all starts with this supply-altering event in bitcoin.
First, be sure to secure your spot for Teeka’s urgent new crypto briefing this Wednesday, May 6. He’ll show you, on camera, how you can take advantage of this rare event before it slips away.
Then read on below for why not buying bitcoin ahead of this event is a mistake you’ll regret forever…
Most of the time, I shy away from talking about stock market timing.
The explosion of computerized trading has made market timing progressively harder.
That means it’s easy to look very stupid very quickly.
So I’m not even going to try and guess if the market will form a V-, U-, or W-shaped bottom.
Even Bridgewater Associates, the world’s largest hedge fund, got its timing wrong during the March decline. Forbes reported it lost 16% across its main fund in March.
But while stock market timing has become more difficult, there’s one market where the computers haven’t taken over yet.
I’m talking about the crypto market. This is a market where I have consistently (although not always) been able to call with startling accuracy.
I forecasted the crypto boom of 2017
I predicted the “Crypto Winter” in 2018
AND I called the huge rallies in bitcoin and altcoins in 2019 and 2020
So when I reopened membership to my flagship crypto service, Palm Beach Confidential, on March 18, I was guided by my research that told me prices were about to boom higher.
Many thought this was an odd decision. At the time, stock and crypto prices were crashing.
The most common question I got from prospective new subscribers: “Why would you open membership now, with the crypto market down so much? Wouldn’t it be smarter to wait until crypto investor sentiment was high?”
The answer I gave them was timing…
You see, when I open my doors to new members, I make the boldest guarantee in the newsletter business. I guarantee a 1,000% cumulative return in the first year.
And to make and meet that type of guarantee, I have to get the timing right.
That’s why nearly every time I’ve opened Palm Beach Confidential to new members, the entire crypto market was getting devastated.
But guess what? It ended up being perfect for new members.
Take a look:
In April 2016, the market was down 10%. Yet a year later, my new subscribers saw cumulative gains of over 1,000%.
The same was true on April 20, 2017. Again, 32 days later, my new subscribers saw cumulative gains of over 1,000%.
Even during the 2018 Crypto Winter, we opened Palm Beach Confidential in March, when the market had dropped 27%. But by April 20 that year, my new subscribers saw cumulative gains of over 1,000%.
The same was true in 2019. Bitcoin had dropped 24% when we reopened membership on September 19. Yet again, in less than five months, my new subscribers saw cumulative gains of over 1,000%.
Again and again, I’ve refused to open my doors to new members during the boom times… even though I would have sold more newsletter subscriptions.
Longtime readers already know selling the most subscriptions has never been my goal.
My primary focus is to help as many people as I can vastly improve their financial lives without putting their current lifestyles at risk.
According to testimonials from thousands of satisfied subscribers who have saved their retirement accounts… paid for vacation homes… and funded their children’s educations with the gains I’ve helped them make, I’m doing a pretty good job so far.
Unlike six weeks ago, today’s world looks quite different. The stock market has rebounded as much as 32% off its lows, and crypto prices have soared higher.
Since reopening Palm Beach Confidential on March 18, bitcoin has risen as much as 80%, and the average gain for my five most recent recommendations has been as high as 464%. With gains that large, it’s easy to think the opportunity in crypto is over.
After all, I’ve already told you I like to reopen Palm Beach Confidential during market sell-offs, not rallies. So you may be shocked to learn I will be reopening membership to Palm Beach Confidential on May 6.
In today’s essay, I want to show you why I’m reopening membership for a very limited time. And why I’m still offering my 1,000% guarantee.
First, I need to explain the opportunity emerging in crypto.
Every four years, two forces come together that shoot a handful of crypto coins into the stratosphere.
Along the way, they make a few early crypto investors multimillionaires.
I call this event “The Phenomenon.”
The first of these twin forces is called the “halving.” This is when the new supply of bitcoin is cut in half.
Like I mentioned, it happens every four years. And I can tell you it’s 100% guaranteed to happen again – regardless of what’s going on in the crypto and stock markets.
The last two times this Phenomenon 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.
I’ve explained how the halving works many times before… But here’s why it’s important for crypto right now…
Bitcoin is the gateway to crypto. Think of it as the reserve currency of the crypto world. So if demand stays the same, but supply gets cut in half, what happens to the price?
It goes up.
And when demand skyrockets, it goes up a lot. From the last halving to the end of 2017, bitcoin rose 2,162%. That’s an amazing gain.
But it’s nothing compared to what happened with altcoins (an altcoin is any crypto other than bitcoin)… They went up 5.5x more…
But cutting the supply of bitcoin is not enough to turn a few $500 investments into a multimillion-dollar fortune.
You need the second force: massive, sustained, record-high demand. And as I’ve predicted, we’re seeing that ramp up as well…
Just two weeks ago, the Securities and Exchange Commission allowed $130 billion hedge fund Renaissance Technologies (aka RenTech) to get involved in bitcoin.
This is big…
RenTech’s Jim Simons is the highest-earning hedge fund manager in the world, according to Forbes. And his Medallion Fund is famous for achieving the best continuous returns in history. Between 1994 and 2014, it generated average returns of above 71.8%.
And another major player just came into crypto: Marc Andreessen. He cofounded Andreessen Horowitz, a top Silicon Valley venture capitalist (VC) firm. And days ago, we learned his firm is shifting $515 million into crypto.
So what you’re seeing are the top hedge fund and top VC firm get into crypto right before The Phenomenon takes off. As I always say, follow the smart money…
And this is all just the tip of the iceberg…
We’re on the verge of 500 million stock investors being able to buy crypto with just one click of a mouse. I believe this huge influx of demand will ignite the prices of a handful of coins to levels we’ve never seen before.
Even though we have already seen large gains, in my experience, this is just the opening prelude to truly gargantuan gains.
For instance, in 2016, I recommended ether at $9. In short order, it went to $20. Many thought the opportunity was over. Yet within two years, ether went to $1,430.
I saw a similar situation with NEO. We got in at 13 cents. It went up 10x to $1.30, and everyone thought it was over. It was just the beginning… Within a year, it hit a high of $197.
My point is, if you’re on the sidelines because you think it’s too late to get into crypto, you’re 100% wrong. It’s a mistake that will haunt you for your entire life.
That’s why I’ve agreed to give a special presentation on Wednesday, May 6, at 8 p.m. ET, so I can show you why you must take action now or forever be locked out of the crypto market.
Once the market takes off, it will be too late. But there is still time. So come join me on Wednesday at 8 p.m. It’s free to attend, and what you learn just might change your financial life forever.
I will show you why, for the very last time, you have a chance to transform a handful of $500 investments into as much as $5 million.
Let the Game Come to You!
Editor, Palm Beach Confidential
P.S. I’ll also be holding a Q&A after my presentation on Wednesday (no personalized investment advice). And I’m giving out a free bonus gift to all those who RSVP. You can learn how to claim it right here…
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