Chris’ note: One of the market megatrends we’ve been tracking for you is the rise of the crypto economy. So far in 2020, crypto investors have been richly rewarded. Bitcoin is up 60% this year. That’s almost double gold’s gain. And it’s 12 times the gain for the U.S. stock market.
That’s why today we hear from colleague and world-renowned crypto investor Teeka Tiwari. He’s already handed his readers the chance to make gains of 2,050%… 11,004%… and even 14,354% in crypto.
And as he reveals in his new video, the gains are just starting. As you’ll see, Teeka believes the technology behind crypto is about to spark an economic renaissance in America. Click here to watch for free.
Then read on below for why an obscure piece of U.S. legislation means mass adoption of crypto is closer than you think…
Today’s crypto market reminds me of the internet space in 1995…
Back then, there was a similar fervor among individual investors. It was the first time I saw ordinary investors get the jump on institutional investors.
Everyday folks were coming in, making all this money on little-known internet stocks in a few weeks or months.
Paravant Computer Systems was up 205%. TransAct Technologies was up 126%. And TeleTech Holdings was up 125%.
They were so far ahead of the game…
Despite ordinary folks’ gains in internet stocks, my institutional friends were like, “Look at these poor lemmings. They have no idea what they’re doing. This will go bad.”
These guys just couldn’t see the big picture. And I couldn’t blame them. Just think how the internet was back in 1995…
You had very limited bandwidth and virtually no commercial uses… You’d go online, and all you’d see were web pages people created to post pictures of their cats.
I remember pitching an internet startup to an investor at the time…
He went to an internet café and got online to test it out.
He told me, “I can’t invest in this. There’s nothing here!”
I said, “You’re right! But this technology is going to change the world. You’re just seeing this at the first stage. Within a few years, everything we buy will be over the internet.”
People couldn’t understand that back then. They couldn’t grasp the revolutionary and groundbreaking potential of the internet.
What Wall Street needed to see was a catalyst for mass adoption…
The spark came on August 9, 1995.
That’s the date the maker of the first commercial web browser, Netscape, launched its initial public offering (IPO). An IPO is when a private company lists on a public exchange.
At that time, the internet had already been around for over 15 years. But it had just 16 million users. That was just 0.3% of the world’s population.
Then Netscape Navigator became popular…
Navigator was a user-friendly web browser. You didn’t need to know anything about computer code to use it. Suddenly, anyone with a modem could surf the internet with ease.
By the end of 1996, the number of internet users had skyrocketed to 36 million – a jump of 125%. Five years later, the internet had a half billion users.
In August 1995, Netscape went public at $28 per share. The morning of the IPO, shares traded as high as $74.75 before closing at $58.25.
Its first-day pop of 108% was one of the biggest in history.
The Wall Street Journal reported, “It took General Dynamics Corp. 43 years to become a corporation worth today’s $2.7 billion in the stock market. It took Netscape Communications Corp. about a minute.”
The success of the IPO inspired the term “Netscape moment.”
It thrust the internet into the mainstream… It ignited the dot-com craze from 1995-2000… And it marked the shift to the Internet Age.
The Netscape moment was the spark plug that unleashed over $5 trillion of investor capital into internet stocks in the latter half of the 1990s.
It showed Wall Street could make billions in an entirely new industry.
Before then, they had dismissed internet stocks as mom-and-pop investments. But Netscape dangled a carrot in front of Wall Street and said, “Here’s where the money is. Come and get it.”
And boy, did they go for it.
Over the next five years, Wall Street splurged on internet stocks.
The tech-heavy Nasdaq shot up 400%. Dot-com darlings Oracle, Cisco, and Qualcomm soared 1,425%, 2,426%, and 3,097%, respectively.
Today, another groundbreaking technology is having its Netscape moment – crypto.
July 22, 2020, will go down as crypto’s Netscape moment.
That’s the date the Office of the Comptroller of the Currency (OCC) issued guidance stating banks can store and work with cryptocurrency.
Most people have probably never heard of the OCC. But it regulates all U.S. banks. So it’s one of the most powerful federal agencies in the country.
Here’s an excerpt from its landmark guidance on crypto…
We conclude a national bank may provide… cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.
This news is huge for crypto adoption. The OCC essentially gave the traditional financial system the green light to come into crypto.
All of a sudden, every bank in the country can safely get into crypto without fear of running afoul of regulators. And this move will accelerate adoption of crypto assets.
Let me put this in perspective for you…
Right now, 35-50 million people own crypto. That’s about 0.6% of the world’s population.
The U.S. banking system alone touches the lives of over 300 million Americans. And it holds north of $20 trillion in assets.
If bank customers allocate just 1% of their accounts to bitcoin… bitcoin’s value would double.
I believe crypto adoption will be as widespread as internet adoption – maybe even more so.
The World Economic Forum forecasts that, by 2027, the equivalent of 10% of the world’s GDP will be stored on the blockchain, the technology behind crypto.
That’s about $8.6 trillion.
Right now, the entire crypto market cap is just $350 billion. When hundreds of millions of people get easy access to crypto, you’ll see the entire space explode in value – just like internet stocks did in 1995.
After the OCC made its announcement on July 22, we saw bitcoin skyrocket from $9,340 to as much as $12,000 in 11 days. That’s nearly 30%.
So far this year, bitcoin is up about 60%. That’s almost double gold’s gain of 36%. And it’s 12 times the gain of U.S. stock market bellwether index the S&P 500.
This is even more incredible when you put it in perspective.
The U.S. stock market has been on an epic rally since it crashed in March. And gold recently broke its all-time high… But crypto is still outperforming them.
Friends, the opportunity in crypto is bigger than anything you can ever imagine. So it’s crucial to position yourselves now.
If you think all the gains in bitcoin are gone, I want you to think again. As I’ve been telling my readers, we’re in just the first innings of this megatrend.
Even with all this great news, most people are completely missing the full story. They don’t realize crypto just had its Netscape moment.
We can easily see bitcoin eclipsing its all-time high. And where bitcoin goes, the rest of the crypto market follows.
Make sure you don’t miss the boat. So if you don’t already own some, at the least, you should buy some bitcoin right now.
Let the Game Come to You!
Editor, Palm Beach Daily
P.S. I believe the blockchain revolution will lead to the biggest wealth and power shift in history. Folks who see this shift coming – and take the right steps – will grow fantastically wealthy. Folks who don’t will be left even further behind. Learn more here.