Tom Emmer, The Billion-User Theory, and Fidelity. [Altucher Confidential] December 20, 2022 [WEBSITE]( | [UNSUBSCRIBE]( Many sovereign wealth funds are waiting for regulations to take place before putting money to work. That's about a trillion dollars ear-marked for crypto waiting on the sidelines. [Hero_Image] 10 Crypto Catalysts for 2023 By Chris Campbell Urgent Winter Warning From Jim Rickards [Click here for more...]( I just recorded an urgent warning in the freezing cold of Baltimore to reveal a devastating scam that the radical Democrats are pulling on the citizens of Maryland here and countless other states. Because according to my research, Joe Biden has already set in motion a devastating series of events thanks to his partyâs radical âGreen New Scamâ policies⦠Soaring resource costs, crashing markets, chaos on Wall Street⦠Nothing can be ruled out leading up to December 21st. But if you know what to do, you could âopt-outâ of this winter nightmare⦠And happily heat your home and fuel your life while potentially 15Xâing your money in the next 90 days IF you know what moves to make⦠[Click here for all the details.]( [Chris Campbell] CHRIS
CAMPBELL Understatement of the decade incoming: 2022 has been a terrible year for crypto. But what does that mean for 2023? Of course, things could get worse before they get better… But 2023 is shaping up to be -- at the very least -- calmer. There are still many reasons to be excited about this nascent industry. AND there are some good things on the horizon. In a moment, James will talk about 10 catalysts for crypto in 2023. First, let’s focus on #3. #3: Congressman Tom Emmer. Just today, [Nicholas Carter had Emmer on his “On the Brink” podcast](. Emmer, as you may know, is the new GOP whip… and he’s also pro-crypto. (And anti-CBDC.) During the call, Emmer spoke on the FTX hearing… “We had a hearing last week, we had a massive fraud in the crypto markets. Unfortunately, that’s not good. But it’s also you know, I feel like crypto is growing through this. And hopefully, we’ll be more antifragile and functional on the other side.” He talked about the difference between DeFi and centralized finance. And why FTX was more of the same of the latter. “This is about centralization, centralized finance. This is not about decentralization, which is really what the whole crypto community has been about from the beginning. It’s about open permissionless and decentralized transactions on a public blockchain that you can literally follow. It’s self policing.” He talked about the SEC and Gary Gensler: “Gary Gensler spent more time with Sam Bankman-Fried than anyone else in the it appears than anyone else in the crypto community over the last six, eight months… In fact, he was, I would argue, being very aggressive in his oversight of all the good actors in the environment, while he was meeting with someone that we now know was a fraud from the beginning. Which by the way, apparently, Gary Gensler’s SEC is now telling us that FTX and Sam Bankman-Fried were a fraud from the beginning in 2019.” He spoke about the need for Congress to step in: “Congress needs to take back its authority, make sure that the SEC knows we’re the ones who make these rules. They’re just the ones who are supposed to be working with the community to make sure they know the rules and that they can comply with them.” And he talked about CBDCs: “Let’s not have the government rush in and build the, you know, the house that you have to live in, when in fact, you got all kinds of space to move around in and explore. If we allow the central government to create a central bank, digital currency… the next step is the Federal Reserve suddenly becomes a retail bank that every American has to have an account at the Federal Reserve. Is that where we want to head?” It’s refreshing to see someone in government stick up for crypto. After all, Bitcoin and cryptocurrencies were created because of the failings of the current status quo. Alas, most politicians don’t have the self-awareness required to understand that simple fact. But that’s just one catalyst in our midst. Read on for the rest. Urgent Note From James â Response Requested By Midnight Tonight [Click here for more...]( Hey, itâs James. [I just made a massive change to my Altucherâs Investment Network newsletter.]( This is one of the biggest changes to a newsletter in the history of our business⦠As far as I know, nothing like it has ever been done before. Whatâs going on? In short, Iâm adding 3 brand-new benefits to this all-new âPro levelâ of Altucherâs Investment Network. And as one of my readers, Iâd hate to see you left behind. Thatâs why â for a very limited time, until the timer below hits 0 â [youâll be able to upgrade your current subscription to this new âPro levelâ by clicking here.]( [click here for more...]( [Seriously. Just click here now to see how to claim your upgrade.]( 10 catalysts for crypto James Altucher Here are 10 catalysts for crypto in 2023. 1. Fidelity allowing people to buy BTC and ETH directly That's 40,000,000 new people who never bought BTC before who can now buy it via one click. 2. Congressman Tom Emmer, a big advocate for crypto, is now the Majority Whip of Congress The 80 year olds are resigning and the next generation will be more crypto friendly. 3. 70% of Bitcoin wallets are currently underwater This doesn't sound like a good thing but apparently every time this has happened before a new crypto bull market has started. 4. The FTX news was the worst news.... and everyone was saying "this is the end of crypto" but BTC and ETH have already bounced 15-20% off post-FTX lows. It doesn't really get worse than the FTX news. 5. The billion user theory. The web has 1 billion users in 2005. In 2003, two years before that, the internet stocks began to rally. Most people expect crypto to top a billion in 2025. 6. The Fed already starting to pivot It's hard for dollar priced assets (that people buy using leverage: stocks, crypto, houses) to go up when interest rates are going up. But the latest data seems disinflationary (house prices, rental prices, car prices going down) and the Fed has indicated they might slow down a bit. If they actually pivot in a recession (which is likely to occur mid-2023) then crypto will go up quite a bit. 7. The bitcoin halving Previous bull markets have started in anticipation of the next bitcoin halving. The next one is believed to begin in 2024 8. Central Bank Digital Currencies, part one Whether you like these or not, they are going to happen. And a lot of current crypto projects are the picks and shovels of building an entirely new global financial eco-system in anticipation of these. BTC and ETH and many other tokens will benefit, 9. CDBCs, part two For the people who are afraid of CDBCs (particularly more control by the govt over the dollars in your pocket), there might be a real flight to safety by people going from dollars to Bitcoin or other tokens. 10. Regulation Europe is expected to start regulating soon. As mentioned the US is putting favorable regulators in place, and the UK now has a crypto-friendly prime minister. Many sovereign wealth funds are waiting for regulations to take place before putting money to work. That's about a trillion dollars ear-marked for crypto waiting on the sidelines. Regards, James Altucher
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