Teeka Tiwari: The Biggest Event in Bitcoin’s History Will Happen in 2018

Nick Rokke (NR): T, you crushed it last year. Bitcoin was up nearly 2,000% in 2017 and Ethereum was up even more—nearly 10,000%. Recently, you told me there’s something brewing in the crypto market that can make 2018 even better.

Teeka Tiwari (TT): Yes, 2017 was a great year for bitcoin and the entire crypto market. But 2018 is gearing up to be an even more transformative year.

Here’s why…

One of the major trends I told you about last year was the tidal wave of institutional money headed into bitcoin. And that’s already started to happen.

Last month, the Chicago Mercantile Exchange (CME) and Chicago Board of Options Exchange (CBOE) launched bitcoin futures and options products. Massive institutional money has flowed into bitcoin since then.

For example, bitcoin’s price soared 25% the first week futures were traded.

But that’s just an appetizer…

The CME and CBOE just paves the way for what I think will be an even bigger event. And that’s a launch of a new bitcoin exchange-traded fund (ETF).

And that will be huge. An ETF will make it as easy to buy bitcoin as it is to buy a stock. With just one mouse click, you’ll own bitcoin.

[Editor’s Note: As we saw this week, there will be price swings along the way. Learn about the strategy Teeka uses to play the crypto boom safely here.]

Recommended Link

For a limited time: You can take part in what could be Doug Casey’s best speculation of his career…
An unprecedented opportunity is forming in the commodities market. This could be the best buying opportunity in 47 years. And Doug would like to help you take advantage of it… Click Here to Receive Your Personal Invitation from Doug.

NR: Do you really think a new ETF will bring more people into the crypto market?

TT: More people will absolutely buy bitcoin if there is a one-click ETF.

Think of it like this…

You’re 100 pounds overweight and the doctor tells you that you need to lose that weight. And he says, “We’ve got a plan. You’re going to have to restrict calories, walk more, and lift some weights. And you won’t be able to eat those greasy bacon cheeseburgers and fries anymore. But the good news… you’ll be in great shape in a year.”

How many people are going to do that? Not many.

That’s what it’s like when you ask people to invest in cryptos. Sure, they know bitcoin is going up in value… and it’s a good idea to buy it. But they don’t know how to invest.

Or if they do, they don’t want to set up a new account with an exchange and give the exchange their bank info.

And then they have to worry about how to safely store their bitcoin… or about accidentally sending their bitcoin to the wrong address and losing it forever.

It’s a pain to buy bitcoin now… and even harder to buy other cryptos.

That’s why many people aren’t buying… In fact, one poll found that even though 88% of them have heard about bitcoin, only 2% own it.

That’s because it’s too much “work” for most people to buy. And that’s why people don’t get into shape either… It’s too hard.

NR: How will an ETF change all of that?

TT: Now, imagine that same doctor told you he had a pill you needed to only take once. And if you took the pill, you could lose all the weight you want and be in great shape. You’d wake up tomorrow in perfect health.

Everyone would take that “skinny” pill.

And that’s what’ll happen when people can buy bitcoin with a click of the mouse. It’ll be so easy that everyone will do it.

Recommended Link

He Helped His Relative Turn $20,000 into $1.1 Million… Now His Secret “Playbook” is Open Again!
In the 1990s, legendary speculator Doug Casey helped a relative make $1.1 million. Now his “playbook” is being used again… on a tiny stock that could be even more profitable! Doug says 2018 is “the perfect time” to make a speculation like this. To see the details of Doug’s playbook, click here…

NR: Will a bitcoin ETF boost other cryptocurrencies, too?

TT: Look, what’s good for bitcoin is good for all cryptos. Bitcoin is like a “gateway drug.” Once you buy some bitcoin, it sucks you into the crypto world. And you’re going to want to buy more.

So, all these newcomers to bitcoin are also going to eventually want to buy other cryptos. And they will demand other products… like a crypto index fund.

Let me give you an example…

Investors buy the SPDR Trust S&P 500 ETF (SPY) to get exposure to the entire stock market. Crypto investors are going to want something similar. They’re going to want an ETF that gives them exposure to the entire crypto market. And that will drive prices of cryptos higher.

NR: That’s exciting stuff. In December, you said bitcoin would reach $25,000 by the end of 2018. With the recent run-up to $20,000, do you want to revise your price target?

TT: No. I don’t want to revise that yet. But I will say this: As soon as an ETF begins publicly trading, I will revise that target.

Once we get an ETF, bitcoin can easily go to $100,000 per coin. Here’s why…

It’s going to be so easy to buy bitcoin that all the money on the sidelines will come in.

It’s going to become a portion of just about everyone’s asset allocation. But here’s the thing… there just aren’t enough bitcoins to go around.

About 16.7 million bitcoins have been mined so far. But five million or so have been lost for good because people lost their private key. That leaves a total of about 11.7 million bitcoins.

Now, there are 35 million millionaires in the world. Most of these guys are going to want a bitcoin in their portfolio. But there is a problem… There are three times as many millionaires as there are bitcoins. So, they all can’t have one.

Long story short… everyone is going to try to squeeze into this market… And the price will skyrocket once it becomes easy to purchase.

NR: Sounds like 2018 is going to be another great year for Palm Beach Letter subscribers. Thanks for taking the time to talk to us today, T.

Editor’s Note: Teeka has been helping subscribers turn tiny grubstakes into millions of dollars—sometimes in less than six months—with his Bitcoin Millionaire Master Plan. And the best thing is you don’t need that much money to start—only as little as $75.

The Master Plan is a complete, step-by-step multimedia guide to becoming the next crypto millionaire. Order your copy right here…

Artigos Relacionados

11 de Fevereiro de 2018

Por que é que caiu a bolsa

6 de Fevereiro de 2018

Dose de ansiolíticos

Faça um Comentário