His name is Leonardo P. And he’s a paid-up subscriber of our Palm Beach Crypto Income advisory.
It’s where Teeka Tiwari and his chief analyst, Greg Wilson, recommend cryptos that not only have the potential for monster gains… but also pay fat streams of income.
And because the potential gains are so big, their readers need to invest only small grubstakes to have a shot at transforming their lives.
As Leonardo writes…
Teeka, I invested $200. That was a bit tough for me, as I was in a little financial hardship. But today, that $200 investment has turned into about $130,000! That is truly life-changing! And I’m not even counting the income. Now my wife thinks I’m a genius.
Crypto income is part of the DeFi (decentralized finance) megatrend we’ve been exploring in these pages.
It’s one of the hottest trends in crypto… and it’s about to get even hotter.
As Teeka revealed last Wednesday during a special online briefing, an upcoming event he calls “the Merge” is about to push crypto income into the limelight… and trigger a new phase of profits. More on that below…
If you’re reading us for the first time, it means you recently signed up to one of the 20 investment advisories we publish at Legacy Research.
It’s the publisher behind Teeka, Dave Forest, Jason Bodner, and Nomi Prins.
We created The Daily Cut for all paid-up Legacy subscribers. My mission as editor is to make sure you never miss one of their big ideas about how to move the needle on your wealth.
That’s why I’ve spilled so much ink on the rise of electric vehicles… the birth of NFTs (non-fungible tokens)… the wave of cannabis legalization… and the next evolution of the internet, the metaverse.
It’s also why we return so often to how cryptocurrencies… and the blockchain technology behind them… will change the world.
Teeka first recommended cryptos to his subscribers back in April 2016 (when one bitcoin traded for just $428).
Ever since, we’ve been hunting for the best ways you and your fellow subscribers can profit from this megatrend.
Most folks have heard of the wild gains in crypto…
For example, since Teeka first recommended bitcoin (BTC) to his readers, it’s up 9,328%. That’s enough to turn a $10,000 stake into $942,757.
And since he recommended ether (ETH), the cryptocurrency native to the Ethereum blockchain, it’s up 32,930%. That’s enough to turn a $10,000 stake into $3.3 million.
What most folks don’t know is that you can earn income on your crypto… in addition to your capital gains.
Many blockchain projects pay out rewards in crypto. It’s similar to how certain stocks pay shareholders regular cash dividends.
Dividends make shares more attractive to own. Crypto rewards help drive adoption of blockchain projects by letting early investors cash in on those projects’ eventual successes.
And whereas the yield on the best 1-year CD is about 0.2%… and the yield on the 10-year Treasury note today is just under 3%… the average yield on the six top crypto income plays in Teeka and Greg’s model portfolio is 11%.
It not only allows us to earn income our crypto. It also allows us to borrow and lend in crypto.
And because it’s controlled by code, not humans, it’s fundamentally different from the mainstream financial system Wall Street rules over today.
First, DeFi is “permissionless.”
Using open blockchain networks, it provides services to anyone, anywhere in the world, who has an internet connection and a smartphone.
Also, anyone can create DeFi apps. This allows for innovations limited only by our imaginations.
DeFi is also censorship-resistant. Because it exists on decentralized blockchains, no single person or entity calls the shots.
You may recall that in January 2021, trading app Robinhood (HOOD) blocked its users from buying shares in meme stocks GameStop (GME) and AMC Entertainment (AMC). That kind of censorship is impossible with DeFi.
That’s what makes it so attractive. Here’s Teeka…
DeFi will do for finance what the internet has done for so many other businesses – replace a high-cost middleman with a low-cost one.
Eventually, it will make banking, borrowing, and lending more accessible and cheaper for billions of people. The result will be an entirely new global financial system run for the people and by the people that operates completely transparently.
And as I mentioned, DeFi has already given Legacy folks the chance to make life-changing gains.
It’s a blockchain project focused on using stablecoins for payments.
A stablecoin is a cryptocurrency pegged to the value of a national currency such as the U.S. dollar, the euro, or the yen.
That’s important for payments because it cuts out the exchange-rate volatility other cryptos are famous for.
Take TerraUSD (UST). It’s a stablecoin on the Terra blockchain that’s pegged to the U.S. dollar. (One UST always equals one dollar.)
It allows you to transact in dollars using a digital wallet app on your phone.
You don’t need a bank. Anyone with an internet connection and a smartphone can send and receive its coins.
That’s not Terra’s only use case…
Like with Ethereum, other developers can use the Terra blockchain to build DeFi apps. One of these is Anchor Protocol. It’s a borrowing and lending app built on Terra that offers a yield of 19.5% on UST accounts.
LUNA is the crypto Terra issues that allows you to profit as more people use DeFi services on its network.
Those are the capital gains.
Teeka’s readers have also been able to earn an income of as much as $6,500 a month on a $1,000 investment in LUNA.
Here’s how Teeka summed up this opportunity in the recent Palm Beach Crypto Income issue (paid-up subscribers can read it in full here)…
Friends, there’s no opportunity like this in any other area of the market.
That’s why I say crypto rewards are a must-have for any investor. You can achieve massive capital appreciation along with massive yields… without risking massive amounts of capital.
We call this asymmetric investing. That means you can see huge gains from a handful of tiny investments… even as small as $200.
That’s because of an upcoming event Teeka calls “the Merge.”
I won’t go into the details here. He did a great job explaining it last Wednesday in his online briefing.
What I will say is that, because of the Merge, Teeka sees crypto income tokens potentially returning 55 years’ worth of stock market gains. In fact, he believes it’s possible to make those kinds of gains in a single month… month after month.
And during the briefing, Teeka shared his full playbook on preparing for the Merge – including a free recommendation.
So if you missed it, make sure to catch the replay here.
Until tomorrow,
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Chris Lowe
April 25, 2022