Chris’ note: Next Monday, the U.S. will default on its debt. The only way to stop it is for Congress to raise the debt ceiling. And that’s no sure thing.
Folks are wondering what they can do to prepare. So, today, I’m passing along an insight from colleague and world-renowned crypto investing guide Teeka Tiwari. It’s about one of his top crypto recommendations – bitcoin.
Teeka believes it’s a great way to keep your wealth outside of the traditional financial system. And he says it offers enormous upside if the politicians in Washington can’t reach a deal in time.
All you have to do is watch for the level Teeka has identified as a major buying opportunity…
Next Monday, the U.S. faces an unprecedented event…
That’s when the Treasury Department runs out of cash… and risks defaulting on its debt.
If that happens, it will be the first default in U.S. history.
The only way out is for Congress to raise the debt ceiling. It’s the limit on the amount of debt the government can issue to cover its spending.
But any deal must pass through Congress for a vote.
And that’s no sure thing.
Progressives and conservatives in the House have issues with the deal.
Some Republicans are so mad at House Speaker Kevin McCarthy, they’re threatening to oust him as Speaker.
And there’s a chance it faces a filibuster in the Senate.
If politicians can’t reach a deal, we’ll see a stock market crash… carnage in the Treasury bond market… and millions of job losses.
Long story short: It will get ugly. Luckily, there’s a way to shield your wealth.
Use This Escape Hatch Now
Longtime readers know I believe bitcoin is an escape hatch from the traditional financial system.
And if the debt ceiling clash spirals out of control, that escape hatch could become more important than ever.
Unlike Treasury bonds, bitcoin’s value doesn’t rely on someone else’s promise to pay. And when you self-custody your bitcoin in a digital wallet, no one can take it from you.
So even if Uncle Sam is forced into bankruptcy, any wealth you store in bitcoin is safe.
And what happens over the debt ceiling won’t change the long-term price trajectory and adoption rate of bitcoin.
If talks fail, and the U.S. defaults, we’ll see volatility across all markets. There’s no getting around that.
The U.S. is the No. 1 debtor in the world. If it defaults, that calls into question the integrity of the $24 trillion tied up in Treasury bonds.
Bitcoin trades at $24,841.
If it drops below $20,000, you want to buy it with both hands. (Just remember that, as with any volatile investment, you should treat this as a speculation and never take too large a position.)
That’s because of two catalysts coming to crypto.
One will open the doors of this asset class to trillions of dollars of new capital. The other will boost crypto adoption to billions of people.
Coincidentally, the first catalyst begins June 1, the same day as the original debt default deadline…
Why June 1 Will Be Bullish for Crypto
There’s a key event happening on June 1. And you’re not hearing about in the financial media.
That’s when the Hong Kong Securities and Futures Commission will allow crypto exchanges in the territory to service retail investors.
China’s financial system has about $19.5 trillion in assets under management.
The website CoinGeek said this new rule “will attract capital, particularly from China, by making Hong Kong a possible home for digital asset exchanges to operate legally.”
Now, crypto is still banned in Mainland China. But this new rule allows the Chinese to invest in crypto once again.
The Chinese government will let Hong Kong experiment with new regulations. Then it will watch what happens without having to reopen the mainland to the crypto.
This way, China can begin its journey back into crypto.
Now, nothing happens in Hong Kong without the Chinese government’s approval. So clearly Beijing wants this to happen.
It wants to control Hong Kong crypto exchanges so it can profit from crypto… like it profits from Chinese tech companies Alibaba, Tencent, and Baidu.
So even if we do see volatility in the U.S., China opening its doors to crypto will offset some of that.
Buying Opportunity Dead Ahead
Friends, if you’re worried about a June 5 debt default, I don’t blame you.
It could crash the U.S. economy and trigger wild volatility across markets, including crypto.
But on June 1, financial regulators will open the doors to the second-largest crypto market in the world… with $20 trillion in investable capital.
This is hugely bullish for bitcoin.
So, if we do get a pullback in crypto because of a U.S. debt default, it will be a buying opportunity… not a reason to run away.
The last time I saw a buying opportunity like this was March 10… the same day Silicon Valley Bank went under. At the time, it was the second-largest bank implosion in U.S. history.
Here’s what I said back then.
These opportunistic selloffs that we’re seeing, which have nothing to do with the underlying fundamentals, are great buying opportunities… So what I would suggest is to continue dollar-cost averaging. I’ve said before that below $20,000, you can put opportunistic capital to work.
Later that day, bitcoin hit $20,000. Four days later, it was trading at around $26,000.
On March 15, I sent out another video update to my subscribers. I told them, “$30,000 looks to be like a chip shot from here.”
Less than four weeks later, bitcoin blasted past $30,000.
This Will Lead Crypto’s Next Bull Run
There’s another reason why you want to take advantage this opportunity…
There’s a new development brewing. And it’s even more bullish than China’s re-entry into crypto.
This development is set to drive crypto user growth to 5 billion by 2030.
And as crypto goes the mainstream, it will mature.
Crypto will start to trade more like stocks. Volatility will die down. And the days where you can get in on a foundational crypto project that will shape our future for pennies on the dollar… well, they’ll be gone forever.
On Wednesday, June 7, at 8 p.m. ET, I’ll fill you in on the details of this new crypto development… as well as a special sub-sector of cryptos that’s springing out of it.
These are set to lead crypto’s next bull run. And they’ll hand folks who get in now the possibility of securing the biggest gains of any crypto to date.
Plus, when you become a VIP attendee for the event, you can claim two bonus reports…
BIG T’s SECRET: How to Make an Extra $1.4 Million in the Next Crypto Bull Market.
This 33-Cent Pick Will Ride AI and “Crypto’s New Development” to Breathtaking Gains.
I’ll also grant you access to a VIP “ask me anything” session. All you have to do is click here to automatically register. (Please note I can’t give personal financial advice.)
So, join me on Wednesday, June 7, at 8 p.m. ET… And let me show you why this might be the last time you can get into crypto at these prices.
Let the Game Come to You!