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Ethereum Could Shoot Even Higher From Here

Vitalik Buterin just became the world’s youngest crypto billionaire…

But the 27-year-old programmer wasn’t born into wealth.

Buterin was born in Russia in 1994. And from a young age, he was fascinated with math, economics, and programming.

He was so smart that, after his parents immigrated to Canada, his teachers placed him in a class for gifted children.

In 2011, when Buterin was 17, he developed an interest in a quirky new cryptocurrency called bitcoin. Two years later, he wrote a white paper outlining a revolutionary new kind of crypto platform he called Ethereum.

Ether (ETH) is the crypto native to Ethereum. And it’s been blazing higher.

ETH is up 473% since the start of the year. And earlier this month, it rocketed past $3,000 for the first time.

Buterin’s main ether wallet holds 333,520 ETH. That’s worth $1.4 billion at the ETH price of $4,231 at writing.

That’s an impressive fortune… especially for someone so young. Microsoft (MSFT) founder Bill Gates didn’t become a billionaire until he was 31.

And crazy enough… Buterin’s fortune still has plenty of room to grow.

If you follow colleague Teeka Tiwari, you’ll know why…

Teeka is a former hedge fund manager and a crypto investing expert who heads up our Palm Beach Research Group division.

He says ETH will be the second crypto after bitcoin (BTC) to reach a market cap of $1 trillion.

And Teeka believes it will eventually surpass bitcoin as the world’s most valuable crypto.

So today, we’ll look at what Ethereum is… and why Teeka is so excited about it.

I’ll also give you a preview of Teeka’s latest crypto market prediction. It involves a one-off event he says will propel the next big rally in bitcoin. (If you can’t wait, and want to skip ahead, go here now.)

When Teeka makes a big call, it’s worth paying attention…

He’s given thousands of readers the chance to achieve financial freedom through his crypto recommendations.

His original Ethereum recommendation is a great example.

In April 2016, he recommended ETH to our Palm Beach Letter and Palm Beach Confidential readers.

Since then, ETH is up 46,911%.

That would have turned every $1,000 investment into $470,110. All you needed to become a millionaire was a grubstake of $2,127 and the patience to hold for the long term, as Teeka recommended.

This spring, Teeka made a second bold Ethereum call…

He predicted it would surpass bitcoin as the world’s most valuable crypto.

On March 31, he even hosted a special event called Crypto’s Next-Trillion Dollar Coin to spread the word on it.

Teeka’s second Ethereum call is already playing out…

ETH has more than doubled to $4,231 from $1,840 since then.

And if Teeka is right, that’s only the start of a much bigger rally.

So what the heck is Ethereum?

By now, you’ve probably heard of a blockchain. It’s the decentralized network technology behind all cryptos.

Ethereum is a software development platform that allows programmers to create crypto apps.

Rather than each of these apps building their own blockchains from scratch, they all share the Ethereum blockchain. Developers spend ETH to create and run these apps.

Here’s Teeka with more on how it all works…

The next stage of software development will happen on the blockchain. And Ethereum is the world’s most widely used blockchain development platform. The potential is huge.

Microsoft was the world’s most popular development platform for computers in the 1990s. Google’s Android and Apple’s iOS are the most popular development platforms for today’s mobile apps. All three companies are worth more than $1 trillion today. That’s not a coincidence.

But with traditional internet and mobile apps reaching saturation point, the next boom in app development will take place on the blockchain. The network that will dominate that future is Ethereum.

Ethereum is becoming the backbone of the DeFi revolution…

That stands for decentralized finance. It’s a multitrillion-dollar trend in the crypto market Teeka has been tracking the past couple of years.

He believes DeFi is the future of finance. That’s why, in December 2018, he launched an advisory dedicated to helping folks profit from the DeFi megatrend.

It’s called Palm Beach Crypto Income. And it’s been a jaw-dropping success.

Of the 31 open recommendations in the model portfolio, all but one are winners. The top gainer is up 12,262%. And the average gain is 1,112%.

Here’s how Greg Wilson, Teeka’s chief analyst at Palm Beach Crypto Income, explained what’s going on…

DeFi is a category of decentralized financial applications – including lending and insurance – developed on blockchains. The goal is to build a financial system native to cryptocurrencies that recreates and improves on legacy financial systems.

DeFi will disrupt the entire financial system…

You see, decentralized apps are superior to centralized financial apps in three key ways. Greg again…

First, DeFi provides financial services to anyone with an internet connection, boosting financial inclusion. Wealth, status, and location don’t determine access.

Second, records are kept simultaneously across thousands of computers, instead of on a central server. Unlike regular financial apps, that makes them secure and resistant to hacking.

Third, and most important, there’s not a central authority who can put its thumb on the scale. In a DeFi system, you control your assets. A brokerage such as Robinhood or Schwab can’t stop you from trading your shares to anyone else. It’s all governed by computer code.

As Greg and Teeka have been showing their readers, DeFi will change the way we bank… lend money… and receive loan approvals.

This is a trend already in motion…

Right now, you can use DeFi apps to exchange your crypto with other crypto users without needing a centralized exchange such as Coinbase (COIN).

You can also use these apps to earn a yield on your bitcoin and other crypto.

There are even the beginnings of crypto insurance markets.

It’s a complete do-over of the traditional financial system.

And Teeka’s research has identified Ethereum as the lowest-risk, highest-reward DeFi play.

As he’s been showing his readers, hundreds of thousands of software developers are flocking to Ethereum.

That’s made it the primary blockchain DeFi developers build on.

Kudos if you followed Teeka’s advice to buy ETH in March…

You got in at a great price. As I mentioned, ETH has doubled since then… beating even bitcoin’s gains, as Teeka predicted.

But it’s still not too late to profit from the rally in Ethereum. Even after its surge, the Ethereum market cap is still under $500 billion.

So even just a rise to a $1 trillion market cap… as Teeka foresees… means Ethereum will double in value from here.

And that’s just one milestone on an even higher trajectory.

So do yourself a favor and invest a small amount – even just $50 or $100 – in ETH. You can buy it easily on Coinbase.com.

Just keep in mind that crypto can be highly volatile. So be prepared for ETH to fall 50% along the way.

Like with all cryptos, you need to forget about the short-term volatility and focus on the long-term trend.

Don’t forget to sign up for Teeka’s next big event…

It’s about something he calls the “Super Halving.”

I don’t have space here to get into the details. But I can tell you that folks who followed his recommendations ahead of the 2016 bitcoin halving had the chance to make gains as high as 14,619% and 26,977%.

Folks who positioned themselves before the 2020 bitcoin halving saw recommendations soar as high as 2,950% and 5,121%.

And a basket of altcoins Teeka recommended last November before their own internal halvings have delivered average gains of over 1,000%.

In other words, these are great asymmetric ideas for turning $1,000 into hundreds of thousands… without putting your current lifestyle at risk.

So make sure to sign up for Teeka’s “Super Halving” event here. It kicks off Wednesday at 8 p.m. ET.

It’s shaping up to be one the of the most profitable events of the year.

Regards,

Chris Lowe
May 10, 2021
Barcelona, Spain