This Asset Has “Died” More Than 450 Times Already... But It’s Still Standing

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. This Asset Has “Died” More Than 450 Times Already… But It’s Still Standing By Nomi Prins, Editor, Inside Wall Street with Nomi Prins [Yesterday]( I wrote to you about the reasons why I believe gold will continue to be a good hedge in the current environment of rising inflation and market volatility. And as it has been around for over 5,000 years, I am confident that it is a store of value that will continue to stand the test of time. But what about one of the newer assets I’ve recommended – Bitcoin? It’s down 55% this year. And I know some readers hold this digital asset in their portfolios. If you’re one of them, you may be wondering what to do… Or if you’ve been considering getting into Bitcoin, its recent price action may have caused you to hit the pause button. Reader Jon J. wrote in recently with a question that I’m sure echoes the thoughts of many readers… Why take a chance on Bitcoin? Gold is a proven long-term inflation hedge. Gold has been money for centuries. If gold was $20,000 an ounce and Bitcoin was $1,800, maybe it would be different. So today, I’ll show you why I believe it makes sense to “take a chance on Bitcoin.” Recommended Link [Notorious “Crypto Hater” drops bombshell: “Don’t buy ANY Bitcoin before you see this exposé…”]( [image]( Millionaire Trader who managed $200 Million for the Silicon Valley Elite reveals, for the first time ever… "How I trade Bitcoin* - using my stock brokerage account - for the chance to make 3-times... 5-times... even 10-times more money than any of the crypto HODLERs out there!" *No crypto wallets or crypto exchanges are needed... No previous experience. This 3-second “Boomer” crypto move works whether Bitcoin goes up or down. [Click here - this LIVE demonstration reveals how he does it.]( -- Why Take a Chance on Bitcoin? Now, Jon isn’t alone in being skeptical about Bitcoin. And I’m sure the recent volatility in the market hasn’t helped persuade him about its viability as an investment asset. I get it. Bitcoin has only been around since 2009. It’s still a very new asset. And its price volatility limits its use as a form of payment. In a recent update, I explained the events that have rocked the crypto market these past few months – from [volatility in so-called “stablecoins,” to trouble in crypto lending markets](. Unfortunately, though not connected to these stories, Bitcoin has suffered by association. But even with the recent volatility in the crypto market, I believe there’s still a strong case to be made for having some Bitcoin as a speculative asset in your portfolio. So today, I’ll outline the reasons for my positive outlook. [Featured: The media is right about one thing – we are about to witness a huge economic crisis…]( Historical Record of High Gains First, let’s take a look at Bitcoin’s historical track record… Bitcoin finished 2021 at around $48,000. That was up 70% year-over-year. And Bitcoin is up 121% over the last two years. So, if you invested $1 in Bitcoin two years ago, you would have roughly $2.21 today. A $1 investment in Bitcoin four years ago would be $3.08 today. That’s a 208% gain. And the further back you go, the higher that gain, as you can see from this table… YEARS INVESTED GAIN 2 years 121% 3 years 83% 4 years 208% 5 years 690% 6 years 2,937% 7 years 7,542% 8 years 3,156% 9 years 30,963% 10 years 310,094% Source: Woobull Charts And yet, in all these years, Bitcoin has already been declared dead 459 times, according to the website 99bitcoins.com. But not only has Bitcoin proved the naysayers wrong every time… it has always emerged stronger than before. In fact, if you invested $1 in Bitcoin on October 6, 2009, when Bitcoin first had a market price, you would have roughly $26.8 million in your bank account right now. Not bad for an asset that has “died” more than 450 times! Now, we probably won’t see similar gains in Bitcoin in the future. But if Bitcoin’s history is anything to go by, it’s fair to say that having some exposure to it gives you a chance at higher returns in your portfolio. Recommended Link [Will You Be Left Behind?]( [image]( The same ‘experts’ who failed to predict the last financial crisis, the rise of Bitcoin, and the shocking election of Donald Trump are warning of big trouble ahead. But once again, they’re dead wrong. And if you listen to them now, it could cost you dearly. Nomi Prins has spent the last two decades investigating the truth about our financial system. And today, she’s issuing an alarming new prediction… She says: “When you really understand what’s happening in our financial system, you’ll see the truth is MUCH stranger than the mainstream media is telling you. We’re on the brink of the greatest wealth transfer in the history of America… Many will be left behind.” [Click here to make sure you’re not one of them.]( -- Solid Inflation Hedge And despite the recent pullback, Bitcoin is still a great inflation hedge. Just take a look at this chart of the U.S. dollar priced in Bitcoin (BTC). [Chart] In November 2011, one U.S. dollar would buy half a Bitcoin. Today, that same dollar can only buy about 0.00005 Bitcoin. In other words, the value of a single Bitcoin (as measured in U.S. dollars) has appreciated by 999,900% in just over a decade. Meanwhile, the U.S. dollar has lost about 30% of its purchasing power over the same time. [Featured: Expert: “Move your money before September 9th”]( Bitcoin’s Big-Picture Outlook Now, it’s true that there have been periods in Bitcoin’s history where you would have lost your shirt, had you bought and subsequently sold your Bitcoin at the wrong time. And, as I write this, the price of Bitcoin is still down 70% from its November 2021 all-time high of about $68,000. I know this volatility can be hard to stomach. But a lot of this volatility argument also applies to gold. For instance, between August 1971 and January 1980, our favorite precious metal rose nearly 20x to peak at $843 per ounce. It then dropped 66% by February 1985. And for those who bought it at $843 in 1980, it took until January 2008 to recover to that same level. That’s 28 years. But from July 1999 to August 2020, it saw an eight-fold increase to $2,062 per ounce. So gold has proven to be a good investment over the long term, despite lots of volatility along the way. This is why I’m skeptical when someone points to Bitcoin’s year-to-date performance in 2022 as proof that its inflation hedge narrative has fallen apart. And as I explained in my recent update, there are [several key reasons why Bitcoin still has room to grow](. With a cap of 21 million Bitcoins, the supply is finite. And the halving of the Bitcoin reward for miners every four years means [the supply of new Bitcoin will continue to reduce over time](. The same can’t be said for the U.S. dollar… And don’t forget, the White House recently acknowledged cryptocurrencies as a legitimate and important part of American society and the U.S. economy. As I wrote to you at the time, [President Biden’s Executive Order on cryptos]( makes it clear that the U.S. believes cryptocurrencies are here to stay. And that it wants to position itself as a leader in the space. In short, it legitimizes cryptos. So it’s important to look at the bigger picture and Bitcoin’s long-term prospects, not just its recent performance. Recommended Link [Why Are These 4 Billionaires Screaming the Same Warning?]( [image]( These four Billionaires are sounding the alarm, echoing the same strange chorus: CRISIS. - Jack Dorsey, Founder of Twitter says “It will happen in the U.S. soon, and so the world.” - Peter Thiel, Founder of Paypal warns the U.S. is at a “crisis point.” - Ray Dalio, Founder of Bridgewater Associates believes a ‘civil-war-type’ conflict could soon unfold in America. - Carl Icahn, Legendary Activist Investor thinks “there will be a crisis the way we are going.” Why are the world’s smartest Billionaires scurrying to move their money? According to the firm who predicted the fall of the Soviet Union, the 9/11 terror attacks, and the 2008 housing crash 2 years in advance… It’s all thanks to a strange & terrifying crisis known as a “Crack-Up” Boom. If you have any money in stocks or a U.S. bank account, [pay close attention to this on-location video report,]( You’ll discover the full details of what’s coming… [Click here to discover the full details of what’s coming.]( -- What This Means for You and Your Money I still believe that holding Bitcoin alongside gold in your long-term investment portfolio is [the pragmatic thing to do](. My advice is to put a fixed amount of money into it on a regular basis, typically monthly. This is called dollar-cost averaging. The benefit of this approach is that it allows you to buy more of it when the price is low and less of it when prices are high. PayPal or Block’s (previously called Square) Cash App may be the most convenient options for doing this. With these popular apps, you can start your Bitcoin portfolio with as little as $1. That said, you should never put all your savings into crypto (or any other asset, for that matter). A diversified portfolio is the best way to protect your wealth in times of volatility, like we’re seeing today. You should also never borrow money, or leverage yourself, to buy Bitcoin. You should only invest money that you don’t need to use right now, and that you can position for longer-term investments. Bitcoin is a volatile asset. This makes it a riskier investment than gold. The value of Bitcoin can fluctuate wildly by the day and even the hour. So you should be completely comfortable with the volatility that comes with it. Until tomorrow, Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. I can’t emphasize enough the benefits of a diversified portfolio when markets are volatile, like they are right now. That’s why I recently added a new service that can help readers profit whether stock markets are up or down. It doesn’t involve buying stocks, gold, or crypto… It’s called Distortion Money Matrix. It’s based on the same type of strategy my former Wall Street employers paid me millions to develop during my 15 years working there. I tested this new strategy during the 2020 stock market panic. And it showed impressive results. Some readers were able to make up to 8x their money in a matter of weeks. If you’d like to find out more about this new service, [just click here](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG Today in the mailbag, a reader has his say on the [New Energy transition]( Nomi regularly writes about… George Gilder has pointed out that carbon dioxide (CO2) is essential for life on Earth. Green plants take CO2 molecules, H2O molecules, and various other molecules out of the air and, with solar energy, produce carbohydrates. Vegetarians eat carbohydrates and exhale CO2 and H2O. Carnivores eat vegetarians and exhale CO2 and H2O. Without CO2, life on Earth would be impossible. In other words, the whole climate-change uproar is a big, fat zero. Burning fossil fuels adds CO2 to the atmosphere and helps sustain life on Earth. Ask George Gilder to explain the whole thing in more detail. – Jim J. Do you believe the world needs to transition away from fossil fuels to reduce carbon dioxide emissions? Or do you agree with Jim that these emissions are necessary for our survival? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: This Asset Has “Died” More Than 450 Times Already… But It’s Still Standing). IN CASE YOU MISSED IT… [One Stock Doubles Your Money, During Crisis?]( We all knew it was coming to an end at some point, right? We’ve been in one of the longest bull markets in history, with the S&P surging well over 800%. But now the chickens have come home to roost. 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