I first started recommending bitcoin in April 2016. At the time, it traded around $400.
Right around that time, one of bitcoin’s core developers actually quit. He called it worthless and sold his entire stake. And bitcoin dropped into the $300s.
Yet, here I was pounding the table during this period… telling people to buy bitcoin… and predicting it’d be worth thousands of dollars.
I got a lot of really horrible emails. Some people even said I was promoting “magic internet money.”
It was a difficult period of time to go through. Yet, I knew a major catalyst was around the corner: the bitcoin halving.
The halving is when the incoming supply of bitcoin is cut in half. And I knew reduced supply and new demand would boost prices.
I did my best to communicate this to my readers. And for those who stayed in bitcoin, they were soon rewarded with over a 100% move higher.
In five months, bitcoin more than doubled – jumping from $300 to over $765.
You can guess what happened next…
The tone of the emails changed: “Maybe this guy isn’t such an idiot after all.”
But shortly after the halving, bitcoin dropped like a stone. By late summer 2016, it had fallen to about $550.
At the time, the headlines were full of negative news. And boy, I was getting savaged by internet commenters, readers, and many of my old Wall Street colleagues.
People mocked my decision to buy bitcoin to my face. They mocked me behind my back. It was probably the loneliest period of my professional career.
Yet, I stuck to my guns again.
I told anyone who’d listen that bitcoin was a unique asset… and incredibly undervalued. And as more people adopted bitcoin, it’d skyrocket in value.
Only a very small group of subscribers were on board with me. They could see the world through my eyes. And they trusted my research when I said bitcoin would eventually become a full-fledged asset class.
Of course, their faith was rewarded. Seven months after the halving, bitcoin ran to about $1,100… And it was well on its way to $20,000 within less than a year.
Here’s why I’m telling you this… What we’re seeing in bitcoin today is similar to what I saw in 2016.
Focus on the Big Picture
After the 2016 halving, we saw a nice run-up in bitcoin – only to see it just drift along for months.
The same thing is happening today.
After the May 2020 halving, bitcoin shot above $10,000… But for the last month, it’s been stuck between $9,000 and $10,000.
Now, people are saying, “Hold on, Tiwari. You said once the halving takes place, it’s going to unleash all this buying. And we’d see new highs.”
These are the same types of comments I got in 2016. And my message now is the same as back then, too.
I don’t have a crystal ball. So I can’t tell you the exact date we’ll see bitcoin surge again. Anybody who says so is misinformed about their own abilities to predict the future. (I know because I have made that same mistake before.)
What I can tell you is this… There are macro drivers in place that’ll drive bitcoin to new highs.
Every single institution in the world – from small family offices to large hedge funds – will eventually allocate crypto to their portfolios. This isn’t some far-off fantasy, either. It’s already happening.
And there’s another source of demand I didn’t even account for: Millennials.
According to one survey, an overwhelming 88% of millennials say they want to own crypto as an investment.
This global younger generation is set to inherit about $68 trillion worth of their parents’ wealth. In my opinion, a lot of that money is going to find its way into digital assets.
So what does all this mean for you?
The key to making really big money is to get the big picture right. And then position yourself ahead of the move. You don’t need to worry about daily price movements. You just need to sit back and be patient.
That’s it. It’s the simple formula many of my subscribers have used to make millions of dollars from tiny initial crypto investments.
Your Last Opportunity
In 2016, people made the mistake of selling out of bitcoin too early. They let boredom get the best of them.
Friends, I don’t want you to make the same mistake. It could end up costing you millions of dollars in lost profits.
When bitcoin breaks out of its current trading range, it’ll head back to $20,000. And on its next bull run, we could see it hit the $70,000–80,000 range.
And remember, what’s good for bitcoin is good for crypto in general.
I implore you. Don’t let boredom shake you out of your positions. Don’t get discouraged because things aren’t happening at the pace you want them to.
If you act on those emotions, you’ll regret it for the rest of your life.
The next move up in bitcoin will expand the size of the whole crypto market so much that you’ll no longer have the chance to turn a few hundred bucks into millions – like we still can now.
Once bitcoin goes mainstream, that window of opportunity will close across the entire crypto market.
To take full advantage of this upcoming opportunity, use uniform, rational position sizes. Trust in the research. And be patient.
If you do that, you can just carry on with the rest of your life… and let time do the heavy lifting.
Let the Game Come to You!
Teeka Tiwari
Editor, Palm Beach Daily
P.S. As I mentioned, the next move up in bitcoin will drive crypto adoption – and open a window of opportunity for the entire crypto market. And I believe crypto’s underlying blockchain tech will be the best-performing investment idea of the decade.
Not only is it the backbone of bitcoin, it’s also disrupting industries from finance to supply chains to health care.
In fact, I’ve put together a special presentation to pull back the curtain on this trend. I firmly believe it will be the No. 1 investment of the 2020s…