The New Crypto Bull Market Is Just Getting Started

Editor's note: Longtime Empire Financial Daily readers are familiar with our friend and colleague Teeka Tiwari... He's the cryptocurrency expert over at our corporate affiliate Palm Beach Research Group. We've shared Teeka's insights previously about the state of the crypto markets... and today, he's back with an important message about not just what to expect […] Not rendering correctly? View this e-mail as a web page [here](. [Empire Financial Daily] Editor's note: Longtime Empire Financial Daily readers are familiar with our friend and colleague Teeka Tiwari... He's the cryptocurrency expert over at our corporate affiliate Palm Beach Research Group. We've shared Teeka's insights previously about the state of the crypto markets... and today, he's back with an important message about not just what to expect from the sector in the months ahead, but also a critical warning about how it relates to your financial freedom. Here's Teeka... --------------------------------------------------------------- The New Crypto Bull Market Is Just Getting Started By Teeka Tiwari --------------------------------------------------------------- [21 Triple-Digit Winners (AVG GAIN: 223%) in One Year]( That's what happened the last time this once-in-a-generation event occurred. Warren Buffett has $1.7 billion riding on this event happening again... and Big Short caller Michael Burry has staked 30% of his portfolio on it. [Full briefing here from a former Wall Street heavyweight](. --------------------------------------------------------------- During the depths of the crypto bear market in 2018, about a dozen financial firms started laying down the foundation to get into cryptos... The first was the Bakkt Exchange, which is a subsidiary of the New York Stock Exchange ("NYSE"). In September 2019, Bakkt began trading bitcoin futures. Around the same time, we saw another major player get into the bitcoin futures market when the Nasdaq announced it would allow trading, too. That prompted me to call 2019 the Year of Wall Street Greed. You see, major financial institutions missed out on the crypto boom in 2017... and had to sit on their hands while companies built the infrastructure to allow institutional trading of crypto. But once institutions like Bakkt and Nasdaq made bitcoin easier to buy, I predicted a frenzy would occur. Here's what I wrote in January 2019: The NYSE and Nasdaq are the two largest stock exchanges in the world, so they bring a wealth of experience and a ton of reputation to the crypto market. They'll also help expand the pool of available buyers this year by about 15 times. Compared to about 35 million crypto holders, there are nearly 500 million stock buyers in the world who've never owned crypto. That'll send prices higher. But it won't be a straight ride to the top. And that's exactly what happened... When I made that call in January 2019, bitcoin was trading around $3,500. By the end of the year, bitcoin had more than tripled in price. But that's not the end of the story... The initial rally set up bitcoin's epic bull run to a new all-time high of nearly $70,000 by September 2021. Anyone who bought when I pounded the table during the depths of the 2019 bear market would've seen gains of up to 20x during the next bull market. Here's why I'm telling you this... I'm seeing a similar setup today. Last month, I sent a video update to subscribers of my flagship crypto newsletter, Palm Beach Confidential. In that update, I announced the crypto bear market is over and we're in a new bull market. I know it may not seem like it now with all of the regulatory uncertainty surrounding bitcoin. But 2023 is shaping up just like 2019 did. --------------------------------------------------------------- Recommended Link: [An Invisible Railroad Is Scheduled to Hit American Cities In July]( Although impossible to see, touch, or hear... This railroad will render every gas station, every charging station, and every plug-in utility obsolete – overnight! Current shareholders could earn as much as $156,700, but the stakes are EVEN HIGHER for new investors. [Click here before July 31](... --------------------------------------------------------------- Let me explain... Bitcoin is up nearly 85% since the beginning of the year. That makes it among the best-performing assets in the world. But there's much more upside ahead. Remember, during each and every crypto bull market, bitcoin takes out its old highs. So $70,000 is a no-brainer from here. I expect it to go much higher than that during the next bull market and at least eclipse $100,000 over the next 18 months. Why? The same reason we saw during the last bull market: Wall Street greed. This time around, the world's largest asset manager, BlackRock (BLK), has sparked the rally. Last month, BlackRock announced it has filed an application to register a bitcoin exchange-traded fund ("ETF") with the Securities and Exchange Commission. BlackRock has nearly $10 trillion in assets under management. Let's just say it allocates 5% of that to an ETF. That would push BTC's price up 85%. Plus other asset managers are champing at the bit to beat BlackRock as the first-mover with a bitcoin ETF. Invesco, Fidelity, and WisdomTree all plan to file applications for bitcoin spot ETFs. Combined, these three firms have nearly $6 trillion under management. But as big as that pool of capital is... It's just the trickle before the tidal wave. According to Wall Street brokerage firm Bernstein Research, we could see up to 2% of the global money supply tokenized over the next five years. That's another $5 trillion headed to the crypto space – on top of the trillions we'll see coming just from asset managers. My longtime readers know that, in the future, I believe every asset will be tokenized. That means stocks, bonds, titles of ownership, music rights – and fiat currencies – will have their ownership rights secured by a blockchain. Bernstein estimates that the size of the tokenization opportunity could be as much as $5 trillion over the next five years – led by stablecoins and central bank digital currencies ("CBDCs"), private market funds, securities, and real estate. Here's the thing... Bitcoin is the gateway to the entire crypto ecosystem. Everyone starts with bitcoin first. As I've always said, bitcoin will become a core investment holding for virtually all financial institutions the same way that stocks and bonds are a core holding for the financial system now. Friends, this is like 2019 all over again. If you positioned yourself when I first pounded the table on Wall Street's crypto greed, you could've seen returns of as much as 20x on BTC. This time, the amount of capital ready to flood into crypto will be orders of magnitude greater... Now, when a major catalyst like this happens in crypto, bitcoin and ethereum take off first. Then the altcoins start to catch up and go insane. We saw this during the last crypto bull market. Bitcoin and ethereum rose 1,996% and 5,575%, respectively, off their 2018 lows during the bull cycle. Meanwhile, tokens like Binance, Enjin Coin, and Chainlink rocketed as high as 15,118%, 20,948%, and 30,540%, respectively. Altcoins always catch up. There's just a lag between them and bitcoin. But you don't want to wait for that gap to close. Now is the time to position yourself. While the global move to CBDCs will be a catalyst for digital currencies, it also will threaten your financial freedom... The U.S. is laying the groundwork for a digital dollar. [][And the announcement could come as early as July 26](. That's when the U.S. Federal Reserve will launch FedNow. If you haven't heard of FedNow, it's basically the infrastructure that the U.S. government would require for a future transition to a U.S. digital dollar. That's why some call FedNow "a Trojan Horse for CBDCs." FedNow is a new instant payment system developed by the Fed. It allows financial institutions of every size to provide instant payment services. And once a government implements a digital currency, it'll have direct access to your bank account. That's why I recently put together a presentation to show you how to opt out of a new dollar regime... I believe the simplest and most effective ways to opt out of this digital dollar are: - Open a crypto account. - Buy bitcoin on the exchange. - Self-custody your bitcoin. I know many of my readers have heard me "sermonize" on the benefits of bitcoin before. But with the possible move to a new dollar regime, it's even more urgent that you move a portion of your wealth to alternative assets like bitcoin. It's no one else's liability. As long as you custody your own bitcoin, it's free of counterparty risk. It's a deflationary asset, so you can't indiscriminately print more into existence. And no central authority can tamper with it. But owning bitcoin isn't the only way to escape the digital dollar regime... Gold will be another. That's why I put together a new playbook to show you how to protect yourself – and potentially profit – from a new digital dollar... It includes: - Step-by-step instructions to securely buy and store your bitcoin. - The name of a company set to profit from the digital dollar trend. - The name of a crypto project also set to profit from this trend. - And a secret way to 10x your money on gold. [Click here to learn more](. Regards, Teeka Tiwari --------------------------------------------------------------- If someone forwarded you this e-mail and you would like to be added to the Empire Financial Daily e-mail list to receive e-mails like this every weekday, simply [sign up here](. © 2023 Empire Financial Research. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Empire Financial Research, 1125 N. Charles Street, Baltimore, Maryland 21201 [www.empirefinancialresearch.com.]( You received this e-mail because you are subscribed to Empire Financial Daily. [Unsubscribe from all future e-mails](