Debunked!

Crypto's biggest bear case has been debunked [Total Wealth] BROUGHT TO YOU BY MANWARD PRESS Crypto's Biggest Bear Case Has Been Debunked SPONSORED [AI Could Go Supernova in 3 Months]( There are three steps you need to take to protect and grow your money when America is threatened with mass unemployment. [Yes, I want to read the free report.]( [Robert Ross] Robert Ross Speculative Assets Specialist Crypto is on fire right now. You can almost hear investors scrambling to get a piece of the action. But as a Manward subscriber... you're well ahead of the curve. Back in December, [I told you that Bitcoin ETFs would cause crypto to soar (Bitcoin is up 66% since).]( And while I've been telling anyone who would listen over the past year that crypto should be in everyone's portfolio, I was largely in the minority. There was one "bearish" take on crypto that kept a lot of investors from flooding into the crypto market in 2023. But while it's a convincing one, it's been proven 100% wrong this cycle. SPONSORED [$100,000 Passive Income Stream]( [Collecting Passive Income]( Thanks to [a little-known alternative investment](... One man was able to turn a single $1,000 investment into a $100,000 income stream - over 50 years - without touching a single stock! [Click here to find out how]( Higher Rates? No Problem! The bear case in question hinged on the belief that crypto thrives solely in an environment of low interest rates. Many folks branded Bitcoin as a speculative asset that benefits from cheap money. Critics argued that as the cost of borrowing increased, the allure of cryptocurrencies would diminish. The logic seemed sound. Higher interest rates typically divert investors' attention toward safer, yield-bearing assets, leaving riskier ventures like crypto in the cold. And with interest rates at their highest level since 2001, many expected crypto to remain in a benign malaise for the foreseeable future. [Federal Funds Effective Rate]( [View larger image]( Yet, here we stand, with the Federal Reserve's benchmark interest rate at 5.33%. That's a sharp pivot from the near-zero rates that previously underpinned past crypto bull markets. However, the resilience of Bitcoin and its peers in the face of tightening monetary policy paints a different picture. Crypto Was Not a "ZIRP" Phenomenon Bitcoin's rebound to all-time highs comes amidst a backdrop of rising interest rates and an average mortgage rate soaring to 7.27%. That shatters the misconception that crypto can flourish only when borrowing is cheap. This isn't just a blip on the radar. It's a robust demonstration of crypto's staying power and its evolving role in the global financial system. So, what gives? How has Bitcoin managed to defy gravity and climb higher despite financial tightening? To understand what's going on, we need to look at several factors. It's crucial to recognize that the narrative around cryptocurrencies has matured. Bitcoin is increasingly viewed not just as a speculative gamble but as a legitimate asset class - a digital gold. This is the view held by millions of individual investors. But it's also been validated by both institutional money managers and regulators this year, evidenced by the approval of the latest Bitcoin ETFs. The shift in perception has implications for investor behavior. Even in a high-interest-rate environment, investors are allocating portions of their portfolios to crypto. They're seeking diversification and protection against the erosion of the dollar's (and other currencies') value. Plus, the introduction of Bitcoin ETFs has significantly lowered the barrier to entry for institutional and retail investors alike. These financial instruments have legitimized crypto investments. They've made them more accessible... and thereby expanded the investor base to include more traditional and conservative market participants. SPONSORED [New Bitcoin Projection: $165,000 in the Next 18 Months]( [Crypto Bull]( New Bitcoin ETFs... Trillions in Cash Pouring in… Crypto is Set to Experience Another Major Bull Run. And It's One Particular Catalyst That Could Set Off a New Run Projected to Hit $165,000 Per Coin. The Event is Scheduled for April 22. [See Why This Will Send Crypto Soaring Again Here.]( New and Improved The resilience of Bitcoin amidst rising interest rates also underscores a broader disillusionment with traditional financial systems and a growing appetite for alternatives. In a world where central bank policies have profound implications on savings and investments, the decentralized nature of cryptocurrencies offers a semblance of control and security. It's attracting investors even in less favorable macroeconomic conditions. Additionally, technological advancements and broader adoption of blockchain technology fuel the bullish case for cryptocurrencies. From enhancing financial inclusivity to revolutionizing supply chain management... the underlying technology of cryptocurrencies is finding practical and value-adding applications across various sectors. This technological promise, combined with growing mainstream acceptance, bolsters investor confidence in the long-term prospects of crypto... no matter the prevailing interest rate environment. So while every traditional Wall Street analyst thought high interest rates would throw cold water on any crypto rally, that thesis has been thoroughly debunked. And, honestly, anyone spreading this lie doesn't have a clue and should be ignored. Yes, interest rates undoubtedly influence market dynamics. But the unique value proposition of cryptocurrencies - bolstered by technological innovation, wider adoption and increasing institutional interest - ensures their relevance and appeal in any economic climate. While we've already made plenty of money this cycle, my analysis shows Bitcoin has room to head much higher. And I'm putting my money where my mouth is. Stay safe out there, Robert Robert Ross Robert Ross' unique style of clear and direct stock analysis has helped him build a massive following in the investment research industry. He started his career at investment research company Mauldin Economics, where he quickly rose through the ranks to become one of the youngest chief analysts in the industry. Today, over a million investors turn to Robert every month for his take on investing, economics and personal finance. He now shares his unique insights in Total Wealth and Manward Money Report. You are receiving this email because you subscribed to Total Wealth. 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