Just the other day, a tweet went out…
“It’s not too late for Bitcoin…”
The author… Jim Cramer.
I imagine most of the folks reading this have heard the name.
For those unfamiliar, Cramer is a former hedge fund manager. It’s said he produced a 24% average annual return over his 14-year run.
After that, he founded TheStreet.com, a website for financial news and literacy.
But he’s most famous for his CNBC show Mad Money. And he’s got quite an audience.
Over 200,000 people watch him every day. And 1.4 million people follow him on Twitter.
So when Cramer pounds his fist on the table and says, “buy, buy, buy,” that message has a large audience.
Listen, it’s great that Cramer likes bitcoin. But that’s not what’s important here.
What’s important is that Cramer is part of a growing trend. The trend of Wall Street acceptance for cryptocurrencies.
Some may think this is FOMO, or the fear of missing out. But that’s not right.
Cramer is reportedly worth over $100 million. If he misses the bitcoin trade, he’s still going to eat.
This is about the fear of being wrong.
None of these Wall Streeters want to be the one who missed out on bitcoin.
Today, I’ll show you how this trend is developing across Wall Street, what it means for crypto, and how it will be one of the biggest moneymaking opportunities in 2021.
The Stampede Has Started
$3,596…
That’s the low bitcoin reached at the height of the coronavirus pandemic in late March. And more than 80% off its all-time high.
If you thought bitcoin was going to die, that’s when it should have happened.
But a funny thing happened instead. Bitcoin didn’t die. In fact, Daily editor Teeka Tiwari pounded the table and said buy more bitcoin at the time. By the end of April, it was over $8,000 again. And it has been going up ever since.
One of the catalysts is “atychiphobia,” the fear of being wrong.
But it’s not just being wrong… it’s being called out for being wrong by your peers.
That’s the fear running through the hedge fund world today. Nobody wants to be wrong on bitcoin.
We can thank Paul Tudor Jones for helping to kick off the trend.
The longtime hedge fund manager founded Tudor Investment Corporation back in 1980. He started with just $30,000 to manage. Today, Tudor Investment manages over $9 billion.
And Jones personally is worth close to $6 billion. Suffice to say, he knows how to make money. So it was significant when Jones told clients this past May he was buying bitcoin.
His reason for buying – he sees bitcoin as a great hedge from what he calls the “Great Monetary Inflation.” The unprecedented money expansion by governments around the world.
But the reason is not the most important thing here…
The most important thing is that he became the first big-name hedge fund manager to buy bitcoin.
The floodgates are now open. And now every hedge fund manager has to ask themselves: Am I wrong on bitcoin?
When they do, I believe they’ll arrive at the same conclusion as Cramer…
It’s the conclusion another famed hedge fund manager – Stanley Druckenmiller – reached recently.
While he manages family office money today, Druckenmiller is perhaps most famous for running George Soros’ Quantum Fund.
In 1992, he and Soros famously shorted the British pound sterling, breaking the Bank of England and reaping over $1 billion in profits.
Like Paul Tudor Jones, Druckenmiller is a guy who knows how to make money.
He sees bitcoin as having “a lot of attraction as a store of value.” And he thinks it could outperform gold.
And now we have Ray Dalio – another famed hedge fund manager worth several billion – saying “he might be missing something on bitcoin.”
He positions himself as wanting to learn more like he doesn’t have 1,500 talented employees at his disposal at Bridgewater Associates…
I’ll tell you what he’s really doing. He’s positioning himself not to be wrong.
It wouldn’t surprise me if Dailo owns bitcoin already. And I wouldn’t be surprised to hear an announcement of it in the near future… once his learning period is over.
In 2021, the question isn’t which hedge fund manager is buying bitcoin, it’s which hedge fund manager isn’t buying bitcoin.
The question is, how do we profit from this trend?
The Top Crypto Trend in 2021
On Monday, bitcoin briefly surpassed its all-time high of roughly $20,000.
And for most hedge fund managers, it’s a frightful time. Why? Because almost none of them are in the trade. And if they don’t get in it, they’ll be wrong.
Even worse, the financial media won’t be shy in telling them they’re wrong.
And that’s why I wouldn’t be surprised if bitcoin breaks through again and moves higher from there.
Obviously, one way to play this is to buy bitcoin. But you can do even better with what we call “Tech Royalties.”
Tech Royalties is the name we’ve given to a subclass of crypto investments that pay you to hold them. They provide you with a steady stream of income that increases in value over time as the underlying cryptocurrency becomes more valuable.
Just like a musician makes more money from their royalties as their music becomes more popular.
What’s great about Tech Royalties is you get capital appreciation along with monster 10%-plus yields. So as bitcoin and other crypto explode in price, the income you generate will rise, too.
I expect big moves in the Tech Royalty space over the next year or so. It’ll be the biggest crypto trend you haven’t heard of in 2021.
If you want to learn more, Teeka explains how they work right here.
Regards,
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Greg Wilson
Analyst, Palm Beach Daily
P.S. It may sound absurd, but some Tech Royalties have delivered yields of as much as 95%, 257%, 418%, 1,023%, and even 2,696%.
As I mentioned above, this new asset class is unlike any other in history. That’s why Teeka put together a presentation to show you how to start earning income from Tech Royalties. You can watch it right here…
As a bonus, you’ll get the name and ticker symbol of our No. 1 Tech Royalty for 2020.