Chris’ note: Colleague Teeka Tiwari is a world-renowned crypto investing expert. He first recommended bitcoin to his readers in April 2016. Those who’ve held on since then are now up 9,800%. That’s enough to turn a $10,000 stake into nearly $1 million.
But some folks still fear the U.S. government will ban bitcoin. In fact, it’s the biggest worry Teeka hears from bitcoin investors.
So today, we’re sharing insight from Teeka on why you don’t need to fret over a potential ban. It won’t be smooth sailing from here, though. He also has an urgent warning about a coming “crypto panic”…
Last week, I attended the Bitcoin Miami Conference. There, one of my high-net-worth friends invited me to a closed-door meeting with U.S. Representative Pete Sessions.
Sessions, who’s from Texas, was also in town for the conference.
He believes bitcoin (BTC) is “aligned with American values” and predicts it’ll strengthen the U.S. dollar.
He also wants to make sure Congress doesn’t regulate the booming crypto economy out of existence.
My friend who invited me to the meeting has made a fortune in crypto. And he’s worried about government overregulation of digital assets.
So he arranged a small gathering of heavy hitters from Wall Street and the blockchain space to speak to the congressman.
And I was the first person he introduced Rep. Sessions to.
He trusts me to speak about bitcoin to a political heavyweight because my friend made his crypto fortune by following my newsletters.
I’m humbled that my work for everyday Americans has positioned me to advocate to the government on behalf of this groundbreaking technology.
Without my readers believing in me, I wouldn’t be where I am today – pushing for regulations that will cultivate the crypto ecosystem, not suppress it.
I’ve never seen an asset with more power to transform the lives of everyday people than bitcoin and other crypto assets…
I met a dentist from Oklahoma City who turned a few thousand dollars into $2 million… and an auto parts salesman who made six figures from one $500 investment in one of my ideas.
These are the kinds of people I fight for. People like you. Because, like Rep. Sessions, I believe bitcoin is aligned with American values.
But people are still concerned the government will ban bitcoin…
Last month, President Biden signed an executive order calling on the government to examine the risks and benefits of cryptocurrencies.
People are still freaking out about this order. They believe it’ll lead to restrictive rules that will stifle innovation.
But I’m not worried.
The order says exactly what you’d want it to say… so the U.S. doesn’t get left behind on blockchain technology. The government is providing regulations the industry can follow to grow.
This standard framework will propel the country into the blockchain age.
Previously, the government was against bitcoin because no central authority can control it. Officials even called it a national security risk.
So why the change of heart?
I believe it comes down to something I’ve been saying for years: Never bet against Wall Street greed.
Global governments don’t stand in the way of big banks’ desire to make money.
Take the 2007 housing crash. It was among the five most devasting financial crises in history.
The stock market plummeted, wiping out nearly $8 trillion in value between late 2007 and 2009…
Americans lost $9.8 trillion in wealth as their home values plummeted and their retirement accounts vaporized.
But after that crisis, the government didn’t ban mortgage-backed securities, credit default swaps, or collateralized debt obligations (CDOs).
Those financial products brought our country to its knees. Yet the government didn’t eliminate them…
The reason is simple: Wall Street makes too much money from them.
And with big banks now offering bitcoin to their wealthiest clients… they want regulation in place for them to roll out crypto products to their millions of “ordinary” clients.
To be clear: I’m not saying bitcoin is the same as mortgage-backed securities, credit default swaps, or CDOs.
Those risky financial products relied on your counterparty to deliver what they said they would and to have the funds to pay you. Bitcoin is completely different…
It’s completely transparent. The bitcoin blockchain allows you to verify if your counterparty has what they say they have.
It’s finite. There will be only 21 million bitcoins ever minted.
It’s tamper-proof. No matter how much power, money, guns, or influence you have… you can never make the bitcoin network do something it’s not coded to do.
This is why I consider bitcoin a world-class asset. And banks want in on the action.
Bitcoin is a $1 trillion asset. It hit that market cap with basically every banker on the planet hating it.
I know many people who lost their bank accounts when they bought bitcoin in its early days. I did when I wired money from my bank to Coinbase (COIN). There are still banks that will refuse to let me open an account because I write about crypto assets.
But today, every major U.S. brokerage firm supports bitcoin.
Again, bitcoin went to a $1 trillion value while running outside the traditional financial system. What will its value hit inside the financial system?
Ten trillion dollars… $20 trillion… $30 trillion… $40 trillion?
Wall Street won’t give up all the fees that will come from a run-up like that. And the federal government won’t give up all the tax revenue from that growth.
With that much money at stake, don’t be surprised to see financial and government entities defending bitcoin and other crypto assets.
These facts tell me we’re past the risk of the U.S. government banning bitcoin.
I can’t give you certainty. But I can give you my view based on years of research.
And all I know about bitcoin, human behavior, and Wall Street greed tells me the U.S. won’t ban bitcoin.
As I told Rep. Sessions’ panel, bitcoin will eventually be a primary base layer of the global financial system the way government bonds are now.
Central banks around the globe will hold it as a reserve currency on their balance sheets like they do with gold and U.S. dollars.
But while the threat of a bitcoin ban is most likely behind us… it doesn’t mean it’ll be smooth sailing between here and bitcoin’s rise to a premier global monetary asset.
Between now and then, we’ll see a LOT of volatility.
We’re also in for a “crypto panic.” It has to do with an event coming to crypto that’s never happened before. Only a handful of people know about it. And it’s guaranteed to happen.
I’m not talking about a bitcoin halving or anything like that. This event will happen only once.
It could be the biggest crypto event of this decade. And when it happens, I believe it will trigger a crypto panic like we’ve never seen before.
So I’m holding a special briefing tomorrow at 8 p.m. ET to prepare you for this event.
During this briefing, I’ll tell you all about the crypto panic on the horizon… and reveal details that you won’t hear from mainstream outlets like CNBC or Bloomberg. I’ll also share my playbook for surviving and thriving through the panic.
Following my playbook will offer you the chance at securing wealth that can change the course of your entire generational line.
This investment could fund your lifestyle… your children’s lifestyles… and their children’s lifestyles.
In my briefing, I’ll even give you the name of one of my top cryptos to play this panic… absolutely free.
Free picks I’ve recommended during briefings like this have averaged gains of over 1,500%. That’s 16x your money. So please make sure you attend and take advantage of my free pick right away. You can sign up here.
Friends, in my opinion, we’ve moved past concerns about the government banning bitcoin. But you need to be aware of my important warning.
It could be the difference between a lifetime of generational wealth or a lifetime of regret for missing out.
Let the Game Come to You!
Editor, Palm Beach Daily