Editor’s Note: Today, we’re sharing an insight from colleague Teeka Tiwari. As Teeka says, we could be entering the last historic buying opportunity for Bitcoin. Why now? And what comes next? Read on…
Between the U.S. banking panic in March and the recent federal debt ceiling negotiations, bitcoin has seen a lot of volatility this year.
After beginning the year trading near $16,600, we’ve seen bitcoin soar as high as $30,000. But there have been a lot of peaks and valleys along the way.
The current crypto market reminds of me of 2016. That was after the huge crypto exchange Mt. Gox got hacked.
At the time up to 80% of bitcoin traded through this exchange. And when it blew up people got locked out of their crypto.
Some investors are still trying to recover bitcoin from Mt. Gox almost 10 years later.
After that happened, many people expected bitcoin to go to zero. And I couldn’t blame them…
When the main crypto exchange goes under… You can understand why some people thought bitcoin would lose all its value.
But it didn’t.
That’s when I knew crypto was real and here to stay.
So, in 2016, I recommended bitcoin at $428… It went up to $20,000.
I also recommended Ethereum at $9. And it went up to $1,400 in under two years.
That’s enough to turn $1,000 into $155,000.
I saw a similar opportunity in 2018…
Back then, bitcoin’s price dropped 84%. And the media was littered with so-called “bitcoin obituaries.”
On average, we saw a new story declaring “bitcoin is dead” once every four days. JPMorgan Chase CEO Jamie Dimon even called bitcoin a “fraud.”
But behind closed doors, his firm was secretly laying the groundwork to get into crypto in a big way.
In fact, back in 2018, I was interviewed by media personality Glenn Beck.
Nearly 5 million viewers tuned in. And I exposed a bunch of hypocrisy like this.
Some big players were saying one thing about crypto in public… But privately, they were doing the complete opposite.
In that interview, I predicted bitcoin would go to $40,000… back when it was trading a hair north of $7,000.
But 2018 was such a rare and historic buying opportunity… I had to act.
I released a new initiative with a new list of crypto buys. And two days later, the market bottomed.
That market timing was a real gift to my subscribers. Getting in at the bottom was game-changing for them.
By the time the next bull run was over, bitcoin had peaked near $70,000 and Ethereum over $4,600.
That’s the unique power of buying crypto opportunistically. Because the potential rewards – as compared to risk – are so out of whack.
We Saw an “Opportunistic” Buy Again in March 2023
On March 10, I saw another opportunistic buy on bitcoin.
That was the very 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 sell-offs 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.
I sent out another video update on March 15 to my subscribers. I told them, “$30,000 looks to be like a chip shot from here.”
As I predicted in both videos, not only did bitcoin bottom just below $20,000 on March 10 – less than four weeks after my March 15 video, it blasted past $30,000.
Here’s the deal with bitcoin: It’s volatile. Crazy volatile.
But over any four-year rolling period, you couldn’t lose money in bitcoin. The worst four-year period we could find was between December 2017 and December 2021 – when BTC returned 150%.
Not only does bitcoin’s performance beat the pants off of inflation… It buries every other asset you can think of… stocks, bonds, real estate, collectibles.
The downside? You have to be willing to deal with crazy volatility.
Look, nothing in life is guaranteed…
But based on bitcoin’s track record, if you dollar-cost average when it’s in a downtrend and position-size correctly – it’s one of the best long-term bets you can make.
This May Be the Last Historic Buying Opportunity
Friends, every time I’ve told you we’re witnessing a historic buying opportunity in bitcoin, we’ve seen it rip and roar to new heights.
Each and every time…
And as bitcoin goes, so does the rest of the crypto market.
Right now, I believe the opportunity in front of us is on the scale of 2016 and late 2018. And if you turn your back on this opportunity, you’ll make a huge mistake.
A mistake you’ll live to regret.
Because you’re turning your back on not only a phenomenal buying opportunity… But what I believe will be the FINAL Crypto Winter bear market of this size we’ll ever see.
There’s a new development brewing beneath the surface that’s set to drive crypto user growth to 5 billion by 2030.
Yet as this new development drives crypto firmly into the mainstream, the crypto market will begin a maturing process as we move out of the current bear market.
The market will start to trade more like the stock market… It will become less volatile…
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 cryptos are set to lead crypto’s next bull run… handing those who get in now the possibility of securing the biggest gains of any cryptos.
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 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 crypto at these prices.
Let the Game Come to You!
Editor, Palm Beach Daily