World-renowned crypto investing expert Teeka Tiwari sees bitcoin and other crypto prices continuing to climb as they go from fringe to mainstream assets. And right now, he’s most excited about a tiny group of cryptos he believes can change your life. They’re extremely rare. Out of more than 7,000 cryptos, he’s found just six that he thinks are worthwhile.
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Special Event With Teeka Tiwari
On Wednesday, November 11th, at 8 pm ET, America’s most trusted crypto expert – Teeka Tiwari – will reveal The Name and Ticker of his Top Pick
Bitcoin (BTC) has been on a tear in 2020. At the start of the year, one bitcoin traded at $7,200. Now it’s at $15,600.
That’s a jump of 116% – enough to more than double your money.
And bitcoin’s long-term performance is even more impressive. Since 2013, when it traded at $13.50, it’s up 115,456%. That’s enough to turn every $1,000 into $1.1 million.
But as I’ve been showing you in these pages, there’s still plenty of upside ahead for the world’s first cryptocurrency.
Colleague and world-renowned crypto investing expert Teeka Tiwari sees bitcoin and other crypto prices continuing to climb as they go from fringe to mainstream assets.
And right now, he’s most excited about a tiny group of cryptos he believes can change your life. They’re extremely rare. Out of more than 7,000 cryptos, he’s found just six that he thinks are worthwhile.
What makes them unique is something buried in their code. It’s one of the most powerful moneymaking catalysts Teeka’s ever seen.
The last time this catalyst struck, you could have made rare and extraordinary gains like 5,837%… 21,267%… 48,371%… 68,141%… and even 538,868%… (Just $500 into that last one would have turned into $2.7 million!)
Teeka will reveal all next Wednesday, November 11, at 8 p.m. ET at his Crypto Catch-Up event. It’s free to attend. And he’ll be giving away the name of one of his picks to everyone who shows up.
I often hear from folks who would like to own bitcoin. But they’re not tech-savvy, and they don’t want to leave their comfort zones. So I asked Teeka what he advised for people who find crypto confusing.
Here’s what he told me…
If you don’t climb the educational curve to get involved in these assets, you will be left behind forever. Forever. The stakes have never been higher. We are in the middle of a transition unlike anything we’ve seen since we went from a farming economy to an industrial economy.
That’s why we’re kicking off with a reader question about the Grayscale Bitcoin Trust (GBTC).
If you’re just catching up, Grayscale is an asset manager that allows accredited investors to own bitcoin through its exchange-traded funds (ETFs). It’s a way for investors to track the price of bitcoin without having to buy and store crypto themselves.
And it’s become a major player… With 450,000 bitcoin under its management, GBTC is worth $7.2 billion.
Now, a reader wants to know if it’s a good option for his own bitcoin exposure…
Reader question: Why is it better to own bitcoin and keep it in a wallet, rather than own an equity like the Grayscale Bitcoin Trust and trade it on the stock exchange?
– Thomas B.
Hi, Thomas. The more secure option is to store your cryptocurrency in a digital wallet that you have a private key to. There’s a saying in crypto, “Not your keys… not your crypto.”
This alludes to the importance of holding the private key yourself. It’s what allows crypto to move out of your digital wallet.
It’s like the keys to your house. If you don’t hold the keys, it means that when you need to get into your house, you’ll need somebody to come unlock the front door.
It also means you don’t control where they hold the private keys on your behalf… who has access to them… or any other aspect of security. It’s why self-custody of assets is the preferred solution for holding crypto.
Now, in some situations, certain people may not trust themselves as the key holder or custodian. This is where platforms that custody your crypto may be a better solution for some. But it’s important to understand the risk associated with not holding your own keys.
For GBTC, there’s some merit for somebody who wants to buy shares versus taking custody of the asset on their own.
You hold GBTC in your brokerage account. There are no keys to lose. It also may be the only reasonable way to gain exposure to bitcoin in a retirement account.
Whatever reason brings you to GBTC as an investment choice, it’s important to understand what you’re buying. One share of GBTC equals 0.00095461 bitcoin. And over time, this figure gets smaller, due to a 2% fee. The fee is charged in a way that reduces the exposure per share.
Also, GBTC typically runs at a premium over the market going rate, or “spot” price, for bitcoin. As I write, bitcoin is trading at $15,600. GBTC is trading at $17.27. If we take $15,600 and multiply it by 0.00095461, we get $14.89.
In other words, you pay 13.8% more to own bitcoin through GBTC than if you were to go to a crypto exchange and buy it directly.
If you decide it’s worth paying a premium for the security and convenience of GBTC, then maybe it makes sense, given your situation.
That’s all for now. To get in on the outsized crypto profits still on the way, remember to sign up for Teeka’s free event this Wednesday. You’ll learn all about the lucrative setup he stumbled upon in six crypto coins.