Palm Beach Confidential Review

GREAT NEWS – Teeka Tiwari and his team have made a last-minute decision to open up Palm Beach Confidential this month with a LIVE Crypto Webinar on March 14th.

RESERVE YOUR SPOT HERE!

“Did I just lose all my Bitcoin?”

As the longest-running newsletter with a cryptocurrency portfolio, we get a lot of questions like this one from reader Cathy C. (We’ll withhold her last name to protect her privacy.)

(We get 100s of questions every week from my subscribers. On November 2nd, I’ll address the most frequently asked ones in my FREE training webinar. And you’ll have the chance to claim your share of my $1 million dollar Bitcoin giveaway.

Make sure to mark your calendar.)

Because of Bitcoin’s rapid growth over the past few years, the Bitcoin network at times experiences bottlenecks.

This happens when there are too many transactions to process at once. And that can result in an unconfirmed transaction.

It can take hours to verify smaller transactions. And to a novice, it looks like their Bitcoin just disappeared.

But the Bitcoin is never lost. And the transaction will go through.

Like any new technology, Bitcoin is going through growing pains. In this case, the network needs to expand (called “scalability”).

I’ve been researching Bitcoin for a long time. And I see a solution on the horizon.

If the Bitcoin community can make these fixes, it will make Bitcoin more user-friendly. And much more profitable for investors.

Here’s my research right hand, Greg Wilson, to explain why Bitcoin’s scaling problem is such a big deal…

Three Reasons Why Bitcoin Is About To Get Even Better

By Greg Wilson

Longtime readers will know that the underlying technology of Bitcoin is called the blockchain. The blockchain is a digital public ledger that tracks Bitcoin transactions.

Now, think of the blockchain as a two-lane highway in a small city.

If the city grows, traffic on the highway will increase. And that will cause traffic jams if the highway is not expanded.

But if you add new lanes to the highway, you can increase its capacity.

That’s where Bitcoin is now. It needs to add capacity to handle the increasing number of transactions on the network.

There are three modifications Bitcoin can make to solve this problem. I think we’ll see them implemented within the next year.

Adding Lanes to the Bitcoin Highway

The first modification is called SegWit.

Without getting technical, SegWit increases the size of each block on the blockchain.

It’s like being able to print on two sides of a piece of paper instead of one. You just doubled your capacity.

This August, SegWit was activated on the Bitcoin blockchain.

On April 26, a cryptocurrency called Litecoin activated SegWit on its blockchain.

Litecoin rallied from $4.25 to $10 on news of the SegWit adoption. And it has rocketed up to $78 since the network signaled adoption—a 1,735% total gain.

SegWit is already making a difference with Bitcoin and helping it scale at a rapid rate. SegWit transactions now account for over 7% of all Bitcoin transactions. And that percentage continues to grow.

The next modification on the horizon is called the Lightning Network. It works on top of the Bitcoin blockchain.

The Lightning Network uses payment channels. That allows near-instant transactions at rates of millions per second. And the fees are just a fraction of a cent. The local payment channels all tie into the global Bitcoin network.

What’s exciting about the Lightning Network is that it can be made to work with altcoins through atomic swaps.

In short, an atomic swap enables the decentralized trading of blockchain assets. For example, you could trade Bitcoin for litecoin without going through a centralized exchange.

The Lightning Network will give Bitcoin the speed demanded by the marketplace. And it could enable trust payment processors and decentralized exchanges.

The final modification is called Rootstock.

The program offers many features. But the one I’m most excited about is smart contract functionality.

This feature will increase the capability of the Bitcoin network.

If Bitcoin adopts all three modifications, it will be like going from a two-lane highway to an interstate freeway with six lanes. And that will solve Bitcoin’s scaling issue.

That’s a huge deal for users and investors.

Bitcoin is about to become more user-friendly. As it becomes easier to use, we’ll see increased adoption.

And that means we’ll see the price go up further.

You still have an opportunity to get in before the masses. And the easiest way to profit is to buy Bitcoin today.

GREAT NEWS – Teeka Tiwari and his team have made a last-minute decision to open up Palm Beach Confidential this month with a LIVE Crypto Webinar on March 14th.

RESERVE YOUR SPOT HERE!

“Bitcoin could be worth $500,000. Or it could be worth nothing.”

Teeka here…

I hear this argument a lot.

Today, I want to introduce you to my right-hand man and lead analyst, Greg Wilson.

Greg will give you a level-headed analysis for why we think $10,000 per Bitcoin is a conservative estimate.

Three Reasons Why Bitcoin Could Reach $10,000 (or More)

By Greg Wilson

Tim Draper knows how to make money off Bitcoin…

Draper is one of the most successful venture capitalists in the world. In 2015, the World Entrepreneurship Forum named him “Entrepreneur for the World.”
He once had a 10% stake in the video and text messaging application Skype. In 2005, eBay bought Skype for $2.5 billion. (Microsoft later bought Skype in 2011 for $8.5 billion.)

But his wildest investment came in 2014.

That’s when he bought 30,000 bitcoins at an auction held by the U.S. Marshals Service.

The bitcoins were seized by federal authorities from a black market website shut down by the FBI.
The value of the digital currency spiked immediately after the sale… And the 30,000 lot was worth more than $19 million around the end of the auction.
To date, he’s already made $112 million on that investment.

Few have profited more from Bitcoin and its underlying blockchain technology than Draper. In the last three years, he’s made several investments in blockchain startups.

So when he predicted Bitcoin would reach $10,000, I took notice.

Here’s the thing… Draper’s not alone.

John McAfee, founder of the McAfee antivirus software, says Bitcoin could hit $500,000 in three years.

Bobby Lee is CEO of BTCC, China’s first Bitcoin exchange. Today, it’s one of the largest Bitcoin exchanges in the world.
Lee predicts Bitcoin could reach $11,000 by 2020.What’s realistic?

I crunched the numbers. Back in March, I thought Bitcoin could reach $4,200 within three years. It did it in 5 months.

Now I’ve updated my forecast and believe Bitcoin could go to $7,061 in the next 2-3 years… and put $10,000 per bitcoin well within range.

Three Questions We Need to Ask

Bitcoin is a cryptocurrency. And like any currency (for instance, U.S. dollars or gold), it can be used to make payments, as an investment, or as a store of value.

To determine what Bitcoin could be worth over the next few years, I looked at what its price would be under each of those three scenarios.

That led me to three questions…

• What if hedge funds buy Bitcoin as an investment?
• What if investors use Bitcoin as a store of value?
• What if Bitcoin is used primarily as a currency?

I crunched the numbers on each scenario, and here’s what I found…

What If Hedge Funds Buy Bitcoin as an Investment?

Bitcoin is a perfect ballast for a hedge fund portfolio. Here’s why…

Bitcoin’s correlation to other assets is extremely low. That means its price does NOT move in tandem with other assets.

Let’s say a hedge fund wanted to diversify its portfolio of risky assets (such as small-cap stocks or junk bonds).

It could add Bitcoin to provide diversification. If a risky asset class tanks, Bitcoin would provide ballast because it’s not correlated to those assets.

Right now, the hedge fund industry has $3 trillion in assets under management. As of my March forecast, except for a few small funds, none of those assets had gone toward Bitcoin.
A lot has changed since then. There’s now 70+ hedge funds investing in or getting ready to invest in cryptocurrencies.

Originally, I estimated Bitcoin might get 3% of hedge fund money. And that would boost the Bitcoin price to $4,293.

With these new developments, however, I upped the estimate to 5%. With 5% of hedge fund money, Bitcoin could reach $7,155.

Not bad… But under the other two scenarios, it could go even much higher.

What If Investors Use Bitcoin as a Store of Value?

A good store of value is any asset that can maintain its purchasing power over time.
Historically, gold has been the go-to asset for wealth preservation. Like gold, Bitcoin can also serve as a store of value.

According to the World Gold Council, there are 186,700 tonnes of gold in the world.
That’s about 6 billion ounces. Gold trades at about $1,300 per ounce. That means all the gold in the world is worth $7.2 trillion.

In my original projection, I asked, what if just 5% (another conservative
estimate) of gold holders switch to Bitcoin?

If that happened, more than $360 billion would flow into Bitcoin. That would send the price to $17,150 per coin.

But again, a lot has changed since March. Now it’s well documented that millennials are not even considering gold, but are instead using Bitcoin for their savings.

This is significant. The population of millennials is even bigger than that of the baby boomers.

So this time around I’m assuming 10% of money in gold will shift to Bitcoin. That alone would price Bitcoin at $34,300.

What If Bitcoin Is Used as a Currency?

Bitcoin’s use as a currency is growing exponentially. It’s now accepted by 100,000 merchants across the world, including Microsoft, Dell, Wikipedia, Expedia, and PayPal.

As Bitcoin catches on, we expect more people and more businesses to use it as a medium of exchange.

However, like many new technologies, Bitcoin got its start in underground economies. Due to its anonymous nature, it’s the preferred currency for online black markets.

Let us be clear. We don’t endorse the use of Bitcoin for illicit transactions. It’s simply a medium of exchange, like cash.

(In fact, billions of dollars are used in street-level black markets every day across the world for the same reason as Bitcoin: Cash is anonymous. Nevertheless, people continue to spend, save, and invest with U.S. dollars. The same is true of Bitcoin.)

As a digital currency, Bitcoin’s price rises the more it’s used— regardless of what it’s used for.

There aren’t many concrete statistics on the size of black markets. But research suggests it could be 20% of global GDP, or $15 trillion. I’ll be conservative and use the same figure as back in March—$10 trillion.
If Bitcoin captures just 10% of that market, its price would rise to $47,619.

To reiterate, Bitcoin has already begun to emerge from the shadow economy. Today, it’s an accepted form of payment by legitimate companies.

Eventually, we believe it will be used as much as any other currency. So as Bitcoin goes mainstream, the price could go even higher than the above projection.

Our Verdict…

My original projection came out to $4,200. At the time, it was more than four times the price of Bitcoin.

With the new projection, I believe Bitcoin could realistically go to $7,061 in the next 2-3 years.

What’s different? This time around I upped the percentage of hedge fund money going into Bitcoin and the amount of money shifting from gold to Bitcoin.

I also decreased the probability that Bitcoin will go to zero, increased the probability of hedge fund assets moving into gold, and increased the Bitcoin settle price.

Here’s how I came to that number…

I calculated the expected return based on the probability of each scenario happening (see the table above).

Here’s how to read the table:

• The first column lists the various scenarios I’ve laid out above.
• The second column lists the price of Bitcoin if that scenario comes to pass.
• The third column lists the probability of a scenario happening.
• The fourth column is the weighted average price. (It multiplies the price by the probability of the event happening.)

Some would call this a conservative analysis.

And let’s not forget: We looked at each scenario in isolation.

Any combination of these events could send prices much higher than my estimate, putting $10,000 per bitcoin well in range.

Don’t Dismiss Bitcoin’s Ride Higher

If you watch the network effects of Bitcoin like I do, you see that it’s only getting stronger. (The network effect occurs when a good or service becomes more valuable as more and more people use it.)

My message today: Go out and buy some Bitcoin.

Currently, Bitcoin trades over $5,000 per coin. But you can buy much smaller units than that.

For just a few bucks, you can take part in the greatest technological innovation since the internet. And potentially make many times your money doing it.

GREAT NEWS – Teeka Tiwari and his team have made a last-minute decision to open up Palm Beach Confidential this month with a LIVE Crypto Webinar on March 14th.

RESERVE YOUR SPOT HERE!

Do Digital Currencies Have Value?

Many people believe digital currencies have no real value.

One reader recently wrote to ask: “Teeka, what determines the value of a cryptocurrency? How can I ensure this isn’t just a fad that’s going to zero?” I asked Vitalik Buterin, the founder of the digital currency system Ethereum and its cryptocurrency, ether, how he’d respond to that criticism.

I’ll tell you what he said in just a moment.

But first, we’re getting closer and closer to my $1 million dollar Bitcoin giveaway on November 2nd at 8 p.m. (Eastern and Pacific).

I hope to see you there.Getting back to Vitalik..

In case you haven’t heard of him, some consider Vitalik Buterin the Steve Jobs of the crypto world.

Vitalik told me he wasn’t always a fan of digital currencies. In fact, in the beginning, he was downright skeptical. In his own words, he told me that when he first learned about Bitcoin, the world’s most popular cryptocurrency, he thought, “It has no intrinsic value.” I asked him what changed him from a nonbeliever of digital currencies to a believer… who went on to develop one of his own.

He said he wrote a few articles about Bitcoin and was paid five bitcoins per article. “I managed to earn my way up to 20 bitcoins, and then spent 8 1/2 of them and got a T-shirt out of it, so it’s like, ‘Look, 8 1/2 bitcoins obviously have real value. I got a T-shirt out of them.”

What he said next is of extreme importance…

You can yell at the market and call it stupid all you want… but at the end of the day, Bitcoin was trading back then for $3. Now, it’s trading at [over $5,600]… and people clearly are willing to pay for them. Vitalik is right…

Here’s the truth about money: It can be anything. Take the U.S. dollar, for example. There’s nothing backing it up – we went off the gold standard in 1971.

So the dollar really is… just a promise… an “act of faith.” A digital currency is no different. It’s simply internet-based money.

And like any other medium of exchange, many people around the world have decided it is money. In other words, Vitalik was saying was that the marketplace has already accepted digital currencies.

After all, people have bought Tesla cars, rented luxury villas, and bought diamond rings with Bitcoin already. They believe they’ll be able to use digital currencies in the future to buy stuff. That alone makes it have value. Or take gold itself as an example… Gold demand is driven by people’s belief in it as a storehouse of value. That’s why people in India and China buy so much of it.

From a practical industrial standpoint, the current price of gold (at over $1,250) makes no logical sense. It’s gold’s status that drives its price way above its industrial value. It’s the same way with digital currencies. To me, it feels like 1992 and the rise of the internet. Back then, the internet was showing up on the radar of venture capitalists and forward-thinking investors. There weren’t any real consumer applications yet. But those of us who were informed on the space knew the technology would be transformational.

Then, like now, we started seeing an enormous amount of money pour into a brand-new sector. And that’s why I think, within the next three years, we will see an explosion of brand-new consumer and institutional applications for cryptocurrencies and their underlying technology— the blockchain. Just like what we saw happen in the internet space when “go live” applications like Amazon and eBay started hitting the marketplace in 1995.

I want you to have a chance to get in on this pioneering technology.

Cryptocurrencies have proven themselves in a broader market.

And their acceptance will only continue to grow. There’s are around 15 million–35 million Bitcoin users. We’ll split it in the middle and call it 25 million. To put that number in perspective, more than 167 million people own stocks, bonds, and real estate. With a potential market of tens of millions more people, I think it’s a smart bet that Bitcoin is going to go much, much higher in price…

GREAT NEWS – Teeka Tiwari and his team have made a last-minute decision to open up Palm Beach Confidential this month with a LIVE Crypto Webinar on March 14th.

RESERVE YOUR SPOT HERE!

They Killed Bitcoin 171 Times. Each Time, It Came Back Even Stronger

Do you hear that?

It’s the deafening cries of all the Bitcoin haters out there.

Teeka here again. I want to show you why it’s critical you ignore all the Bitcoin naysayers… and start getting on board with Bitcoin.

Believe me when I say it: Bitcoin is here to stay. Not only that, it’s on the cusp of a massive move higher. One you’ll desperately want to be a part of.

So today, I want to tackle the biggest objection to Bitcoin I hear… that it’s “worthless.” That couldn’t be further from the truth.

Also, don’t forget: Mark your calendars for November 2nd at 8 p.m. (Eastern and Pacific) That’s when you’ll get your chance to claim your share of my $1 million dollar Bitcoin giveaway.

On June 20, 2011, Forbes wrote “So, That’s the End of Bitcoin Then.”
On January 16, 2015, USA Today wrote “Bitcoin Is Headed to the ‘Ash Heap.'”
On May 5, 2017, The Daily Reckoning wrote “The Death of Bitcoin.”

Since 2011, Bitcoin’s been declared dead at least 171 times.

Newsletter writers, journalists, and academics have called it a “Ponzi scheme.” Even JPMorgan CEO Jamie Dimon—whose company has been fined billions for financial abuse—calls Bitcoin a fraud whose value is “probably zero.”

Others like the idea in theory, but still have doubts. They are convinced the government will shut down Bitcoin and render it worthless.

If it were 2013, I would have agreed with them.

From 2009-13, Bitcoin rallied from a fraction of a penny to over $1,100… and then spectacularly crashed 85% to $185.

It looked like a classic “pump and dump” to me. That’s why I ignored it.
But then something very interesting happened.

Instead of collapsing back to pennies, Bitcoin found support in the $200 range. Even after the bubble popped, Bitcoin was still worth billions.

This intrigued me because true Ponzi schemes have zero value when they crash.
The fact that Bitcoin was still attracting buyers even after the onslaught of negative news… an 85% price crash… and universal scorn… said something to me.

It said that maybe this asset had real value. At the very least, it told me that more investigation was needed.

Lessons From the Dot-Com Bubble

I’ve seen skepticism like this before…Back in May 1997, Amazon went public at the split equivalent of $1.30.

Amazon shot up to $113 during the dot-com bubble of the 1990s. When the bubble popped, Amazon crashed 94%—to the split equivalent of $5.97.

But again, something interesting happened…

In the depths of the dot-com hatred, Amazon started quietly climbing in price. Back then, I made the mistake of dismissing this action.

My error was buying into the prevailing belief that dot-com stocks were dumb and worthless.

I listened to the narrative instead of digging deeper into the Amazon story.

That was a mistake of lazy thinking.

So when I saw the same thing happen with Bitcoin, I decided to do something different.

Instead of listening to the skeptics, I asked myself: “Why are people still buying this supposedly worthless asset?”

That’s when I did a deep dive into Bitcoin.

I traveled all over the world interviewing experts, development teams, and venture capitalists. I wanted to understand why Bitcoin had value.

Even Governments Are Embracing Bitcoin

Just as important, I wanted to know what would stop the U.S. government from banning it.
How would the currency outgrow its widespread reputation as a form of “black money” used by criminals?

What I found out was this: At its core, Bitcoin is just a way to send and receive value without the need for a trusted middleman.

Bitcoin has no central location. That means no government (including the U.S. government) can ever shut it down.

In fact, several countries have already tried to ban Bitcoin. Many have found (and will find) that it’s impossible.

Others have decided to recognize Bitcoin as money. Japan, the world’s 3rd largest economy by GDP, officially greenlighted Bitcoin. It even issued 11 licenses for Bitcoin exchanges recently.

Governments will continue to realize that it’s better to have a hand in how Bitcoin is shaped and regulated than try to destroy it (which they can’t).

Think back to when the U.S. government finally realized that prohibition was unenforceable. Better to regulate alcohol and tax it.

Where’s the Future Value?

The real strength of Bitcoin is the underlying network of highly secure computers that support it. These computers run a new form of database called “blockchain.”

Blockchain technology enables you to move money and data without having to rely on a trusted middleman. It’s truly revolutionary.

More than $4 billion a day is transacted across the Bitcoin network… without the need for a central clearing authority. That has never happened before and it makes Bitcoin a unique asset.

As I write, software developers across the world are building applications designed to piggyback off this network.

Over the next three years, we’ll begin to see a slew of new applications emerge for Bitcoin and the network that supports it.

They will support everything from asset tracking to recording land registries.
And much more that we can’t even think of yet.

That’s why Bitcoin will continue to grow in value.

Since those obituaries started popping up in 2011, Bitcoin has rocketed from a low of 75 cents to as high as $5,800+ —an astronomical 700,000% gain.

The next time you find yourself being scared out of owning Bitcoin by a negative article, do yourself a favor…

Read the last 171 times Bitcoin was declared dead.

GREAT NEWS – Teeka Tiwari and his team have made a last-minute decision to open up Palm Beach Confidential this month with a LIVE Crypto Webinar on March 14th.

RESERVE YOUR SPOT HERE!

My wife thinks I’m cheating… “Are you cheating on me?”

It’s 1 o’clock in the morning. I’ve been awake for 40 hours.

I just got off the plane from Berlin this afternoon. And I’ve been on nonstop Skype calls since coming home.

I had just wrapped up a video call with one of my Chinese cryptocurrency contacts when my wife confronted me with her suspicions.

I can’t blame her for being anxious. She’s barely seen me since early June…

Over the last six weeks, I’ve crossed six time zones. I’ve visited six cities on two continents.

“Honey, I don’t have the energy for another woman,” I joked.

She’s not amused. And she’s not the only one…

My name, by the way, is Teeka Tiwari.

Thanks for opting in to my exclusive cryptocurrency training series. Over the next several weeks, I’ll introduce you to the exciting new world of cryptos. And most importantly, I’ll show you how you can personally profit as this trend continues to explode.

Then, on November 2nd, 2017, at 8 p.m. (Eastern and Pacific), I’m giving away $1 million dollars in Bitcoin, the world’s premier cryptocurrency. So mark your calendars. I can’t wait to see you there.

Getting back to my wife’s accusations…

Long story short, I am not a popular guy in the Tiwari household.

In all my years on Wall Street, I never missed my children’s birthdays. This year, I missed two of them.

Why would I be willing to risk the ire of not one but three women?
(Two of my daughters still live at home.)

That’s because it’s been 22 years since I’ve seen a bull market like the one we’re in now with cryptocurrencies.

I can’t overstate how profound this is…

I won’t blame you if you think Bitcoin is just a fad. Why would you put your trust in a digital construct like Bitcoin? On the surface, it seems like madness. It flies in the face of sensible wealth building.

But consider this… Bitcoin is now 8 years old. That’s three years older than the internet bubble. It’s outlived the real estate bubble… the financial crisis… and is now worth over $90 billion.

It’s up over 460% this year alone. So far it’s outpaced the run-up in stocks, bonds, gold, and silver, by far.

Has the whole world gone mad? Is this just a “hyper” bubble?

We’re Not in a “Normal” World

I understand your reservations about cryptocurrencies like Bitcoin…

In a “normal” world, I’d tell you Bitcoin is a dumb idea. In a “normal” world, Bitcoin would be nothing more than a geek-centric curiosity.

But we do not live in a normal world anymore…

That’s why I’m writing to you now. I want to show you why cryptocurrencies belong in everyone’s wealth-building plan.

We can thank the relentless power grab by the world’s governments and central banks for making Bitcoin and other cryptocurrencies a viable financial product.

Let me explain…

As governments impose their will on the population… people will use digital currencies like Bitcoin to win back their freedom of choice.

Whether it’s the loss of financial privacy… the devaluation of paper money… capital controls in China and elsewhere… or governmentsponsored payment bans… digital currencies like Bitcoin are stepping in to bridge the gap between what the people want… and what governments will “let” them have.

That’s why Bitcoin is up over 460% this year. It meets a need that no other conventional asset can: freedom and anonymity.

As governments seek more and more control, they’re actually creating a bigger and bigger market for Bitcoin and other digital currencies.

As we see governments trample citizens’ rights even further, it will be cryptocurrencies that step in to give us our freedom back.

I’ll leave you with this thought…

If you are a lover of personal freedom, then you owe it to yourself to get educated on how digital currencies can liberate you from the limitations, onerous fees, and stifling government regulation of our current payment systems.