“Nick, I’m glad you’re going to tell us about bitcoin.”

That’s what a lady named Loretta told me before my cryptocurrency presentation at the Wisconsin Rapids Rotary Club.

Earlier this month, I visited my parents at their lake house in Wisconsin. While there, my dad, Bruce, invited me to talk to the Rotary Club about cryptocurrencies.

My dad knows all about Palm Beach Research Group and world-renowned cryptocurrency expert Teeka Tiwari. He’s seen the life-changing gains Teeka has made for his subscribers.

He believes blockchain technology will play an important role in the future… And he wanted to share that with leaders in his community.

(While in town, I also helped my dad set up a crypto account and buy his first bitcoin.)

That’s why he wanted me to talk to his group about bitcoin and its underlying blockchain technology. Of course, Dad couldn’t get Teeka up to Wisconsin. So he had to settle for me…

If you’re not familiar with the Rotary Club, members are generally business leaders in their communities. At my presentation, there were entrepreneurs, lawyers, and doctors—even the town mayor showed up.

Rotarians (as they’re called) are smart people. So I was a bit surprised that they didn’t know much about bitcoin.

“The ladies and I in our investment club talked about investing in bitcoin last year. But we decided we didn’t understand it. So we passed,” Loretta told me.

She wasn’t the only one who didn’t understand bitcoin or the blockchain. At least five others also told me they didn’t buy bitcoin because they didn’t understand it.  

(The only person I talked to who knew anything about cryptos was the young man setting the tables for lunch.)

According to an online poll by multinational financial services firm ING Group, only 8% of Americans own any type of crypto assets. (We think the number is significantly lower than that; online polls likely overrepresent crypto buyers.)

Despite the downturn in the crypto market, few people own crypto assets. But as adoption increases—and it will—we’ll see prices rocket up again.

Therein lies our opportunity…

Cryptos Haven’t Gone Mainstream—Yet

We get it… Cryptocurrencies and their underlying blockchain technology are new. So it’s hard for people to grasp some of the concepts.

For example, a Google search for “blockchain” returns this: “The blockchain is an immutable, decentralized digital ledger that can be programmed to record not just financial transactions, but virtually everything of value.”

That’s a mouthful.

Most people can’t decipher that sentence. So they give up and move on.

But during my presentation, I told the group the best way to view the blockchain is as a second-generation internet.

Like the internet, the blockchain is a network—it’s just decentralized. That simply means blockchains spread data across their networks instead of storing data in one place.

That makes the blockchain much safer than centralized networks that store troves of data in one location. Those data troves are tempting targets for hackers.

Just this year, we’ve seen hackers steal millions of records from companies like Panera, Facebook, MyHeritage, and Under Armour. And that doesn’t even include thousands of cyberattacks against government agency networks.

Safety is one reason the blockchain will eventually catch on with the masses. But it’s not the only reason…

Exchanging Value

The internet changed the way we record and exchange information. It made the flow of communication across the world faster and more efficient.

Likewise, the blockchain is changing the way we record and exchange value. It will make transactions across the world faster and more efficient.

Yet, virtually no one understood the internet when it first emerged.

In 1971, only a few people used email, and it had fewer applications. Today, 2.5 billion people send 2.5 million emails per second.

And we know the internet has spawned companies like Facebook, Amazon, Apple, Netflix, and Google’s parent Alphabet (the so-called FAANGs).

Today, few people understand cryptocurrencies. But as I told the Rotary Club, cryptos will soon be the means we use to exchange value. (Just like we use email to exchange information, we’ll use cryptocurrencies to exchange value.)

Already, we’re seeing crypto projects that transact cross-border payments… facilitate real estate deals… track products through their supply chains… and take online gaming bets.

Since most people don’t understand cryptocurrencies or know about these applications, ownership is still low. But as adoption rates increase, we’ll see the blockchain equivalents of the FAANGs emerge.

Get in Before Everyone “Gets It”

As I explained the applications of cryptocurrencies and the value they will create, I could see light bulbs going off in the group. They started to “get it.”

After my presentation, one guy named Dan told me, “Initially, I had dismissed bitcoin… But after you got me thinking that there’s something there now… I’m going to look more closely into this.”

Phil told me, “You know, I didn’t really care about this technology before… But when you explained how you can use it to track real estate, something clicked. That made a lot of sense to me.”

When more people like Dan and Phil awaken to the groundbreaking promise of cryptocurrencies, we’ll see prices shoot back up.

The key is to get in before that happens.

Remember, bitcoin and other cryptocurrencies can be volatile. So we always recommend taking a small position size if you invest in this new asset class.

Regards,

Nick Rokke
Analyst, The Palm Beach Daily

P.S. We know that the crypto space is still new and confusing to many investors. That’s why Teeka created our first-ever Crypto Master Course.

This course will teach you the ABCs of cryptocurrencies and their underlying blockchain technology. It includes video lessons, instructional guides, downloadable resources, and a free electronic copy of Teeka’s new book on cryptocurrencies, New World Money.

Click right here to learn how to register for the course…

MAILBAG

In his September 13 issue, Palm Beach Trader editor Jason Bodner recounted how—through a stroke of fortune—he missed the September 11, 2001 terrorist attacks in New York City (subscribers can read the issue here). Readers responded…

From Bill P.: Jason, your story about being hired by Cantor Fitzgerald and NOT being in the World Trade Center was something. Since 1987, I’ve traveled to New York every year in July to run the computer room for a convention in midtown. 

I used to make it a point to go to the WTC because I loved those buildings. There was something fascinating about standing on the roof of WTC 2 and looking over at WTC 1 and the sheer drop. 

On 9/11, one of the people who delivered computers to my convention was delivering monitors to Cantor Fitzgerald. A driver remained in the truck to avoid parking tickets while he went in the building. The delivery man made it… but the driver was never seen again. It was an awful morning for so many, and I am so glad you dodged that terrible attack. Thanks for the story.

From John B.: Hi Jason. Fantastic job so far. Keep up the good work.

And Jason isn’t the only PBRG editor getting kudos from subscribers…

From James M.: Teeka, thanks for all your hard work and the great service you provide.

From Duane Z.: Teeka, I just wanted to say that—in this crypto bear market—it’s really helpful to my mental state to get your updates. Going from $24,000 to $2 million and back to $250,000 is a hard pill to take, considering that I was looking at retirement just around the corner.

But your video updates are giving me faith to hang in there and wait it out. I just want to say thank you!

From Tamara D.: Teeka, I truly hate to see these banks/institutions getting involved in crypto. You know they just want to control it… and rip it apart like they did with commodities, real estate, gold, etc. They blew up the housing market and people’s lives! I just have a bad feeling about this, as I smell massive greed.

IN CASE YOU MISSED IT…

Teeka and Jason will be presenting at the first-ever Legacy Investment Summit next month in Bermuda. Teeka will be sharing his latest groundbreaking crypto research, and Jason will present his big ideas about the stock market.

They’ll be joined by 15 of the brightest minds in the financial world, as well as media personality Glenn Beck and award-winning journalist John Stossel.

So if you want to meet me, Teeka, and Jason in person, click on the banner below or read on here for details. (Teeka is also offering $1,000 in bonuses to those who register.)