In 2015, Digital Currency Group launched a new closed-end fund called the Grayscale Bitcoin Trust (GBTC).
For the first time in bitcoin’s history, anyone could invest in bitcoin in the public markets.
The fund opened the door to institutional investors like hedge funds, mutual funds, and pension plans that wanted exposure to bitcoin but couldn’t own it directly.
Around the same time, Coinbase opened the first regulated bitcoin exchange in the United States. The platform made it easier for investors to buy and sell bitcoin.
These products opened the floodgates of capital coming into bitcoin.
As you can see in the chart below, from its low in January 2016 to its high in July 2018, the amount of crypto assets under management exploded 3,642%.
Here’s the thing…
From November 2013 to January 2015, bitcoin plunged from $1,127 to $172 – an 85% massive pullback from peak to trough.
When I saw all these institutions begin to move some serious capital into crypto after that crash… That’s when I knew it wasn’t a scam.
I realized it was a revolutionary idea that would create millionaires. That’s when I decided to start writing about crypto.
I recommended bitcoin in 2016 at around $400 and Ethereum around $9.
Today, they’re up 7,381% and 20,267%, respectively. That’s enough to turn every $1,000 into $74,810 and $203,670.
That wasn’t the only time I recommended crypto when I saw institutional capital making a move into this space.
In late 2018, Fidelity started offering crypto custody and trading for hedge funds and family offices.
Fidelity is the third-largest asset manager in the United States, with more than $3.8 trillion under management.
Once Fidelity got involved in crypto, I knew other financial firms would soon follow.
Wall Street is greedy. It would never let just one competitor dominate a new asset class like crypto.
So everyone on Wall Street got involved.
For the first time ever, pension funds started to invest directly in bitcoin.
The New York Stock Exchange launched its bitcoin futures product.
Goldman Sachs started offering bitcoin trading to its customers.
And even JPMorgan Chase got involved.
By 2019, we saw billions of dollars coming into the crypto market. And in 2020, the entire asset class skyrocketed from the 2018 Crypto Winter.
You can see the explosion in the chart below…
So when I saw this new capital coming into crypto, I started making a series of new recommendations, giving my readers the chance to turn $1,000 into $40,550, $122,930, and even $761,330.
Here’s why I’m telling you this: The floodgates are about to open again.
A $20 Trillion Market Will Open on June 1
Thanks to my connections in the crypto space, I’ve obtained critical intel that a new banking regime is set to take effect in the coming weeks.
On June 1, financial regulators are about to open the doors to the second-largest crypto market in the world… a market with almost $20 trillion in investable capital.
Earlier this year, the Hong Kong Securities and Futures Commission announced that, starting on June 1, crypto exchanges in the territory can service retail investors.
China’s financial system has about $19.47 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.”
And according to The Wall Street Journal, more than 20 crypto and blockchain companies from mainland China, Europe, Canada, and Singapore have told the government they’re planning to establish a presence in Hong Kong… while over 80 firms have expressed interest in doing so, according to official figures.
One example is Bybit, a crypto exchange based in Dubai. The company plans to move its Asian operations to Hong Kong.
“In the exchange business, liquidity is king, and Hong Kong has an abundance of it,” Bybit CEO Ben Zhou told The Journal. He also credited the city’s mature capital markets, high financial literacy, and its “many avid and professional investors.”
That’s why I call the opening of Hong Kong to crypto a potential “bank run.”
Now, crypto is still banned in mainland China. But this new rule is a loophole that allows the Chinese to invest in crypto once again.
I believe China knows blockchain technology is here to stay. And it doesn’t want to be left behind.
For instance, in 2021 it banned all crypto-related services, including bitcoin and bitcoin mining.
Did bitcoin go away? No.
So when China’s ban turned out to be a non-event for the market, I believe that’s when the government finally realized it can’t control crypto.
It realized what I’ve been telling my readers for the past seven years: The genie is out of the bottle. There’s no way of putting it back in.
If China bans crypto, everything just moves offshore.
We’re seeing a similar situation play out in the United States.
Coinbase, the country’s largest crypto exchange, is already threatening to move its operations offshore if the U.S. fails to pass clear regulations on crypto.
China is realizing that it can’t ban crypto… And that it’s a mistake to let another country benefit from the economic activity that will continue to take place around crypto.
The Chinese government will let Hong Kong experiment with new regulations, like the one that’s going into effect June 1. It’s going to watch what happens without having to reopen the mainland to the crypto market.
This is a way for China to dip its toes back into the crypto world without putting the financial stability of the entire country at risk.
Now, nothing happens in Hong Kong without China’s approval. So clearly China wants this to happen.
In my view, China’s government wants to control the Hong Kong exchanges so it can profit from crypto… just like it profits from tech giants like Alibaba, Tencent, and Baidu.
How to Position Yourself for This “Bank Run”
Friends, I believe this new banking regime will trigger a massive bank run that will open a rare window of opportunity in the crypto market.
I’ve only seen this kind of opportunity in 2016 and 2019.
On both occasions, my readers had multiple chances to turn $1,000 into massive six- and even seven-figure payouts.
That’s why yesterday I hosted an urgent online strategy session to show you how to position yourself. You can stream the replay right here for free.
When you join me, I’ll discuss three new coins I’ve never recommended before…
And even give away my entire crisis-proof portfolio for free – no strings attached.
The four assets in this portfolio should do well no matter what happens with the economy. So you’ll want to watch the replay just for that.
The replay won’t be up for long. So click here to stream it before it’s too late.
Let the Game Come to You!