Tag: The Great Cryptocurrency Conspiracy of 2018

If you’re offended by sex, violence, and salty language, then you should skip this article…

Deadwood was an acclaimed Western series that ran on HBO from 2004–2006.

The series was set in the town of Deadwood, South Dakota, during the Black Hills Gold Rush of the late 1870s.

As you can imagine, the show was full of shootouts, filthy language, and quite a few sex scenes… Certainly not a show you’d want to watch with your kids.

But there is an episode of Deadwood that holds a valuable lesson for crypto investors…

During the Dakota gold rush, regular folks who got in early made fortunes. These weren’t mining magnates or industrialists. Much like today’s crypto investors, they were savvy speculators pouncing on an opportunity.
What happened to all those early-stage prospectors?

In the fictionalized Deadwood version, wealthy miner George Hearst (father of publishing magnate William Randolph Hearst), swindled them out of their mining shares.

This wasn’t too far from the truth. According to rumors at the time, Hearst used murder, intimidation, and misinformation to force people to sell their claims. He even purchased newspapers in the town to influence public opinion.

Crypto investors will recognize the strategy Hearst used.

In a bid to buy in cheap, Hearst’s agents started to float rumors that the government would seize all land in the town. Prospectors believed the rumors—and sold their mining stakes for pennies to Hearst’s agents.

The conspiracy worked. Hearst and his partners bought the biggest mine in the region— Homestake—for a bargain-basement price of $70,000 ($1.7 million in today’s dollars).
Homestake would become the richest gold mine in U.S. history. From 1879 to 2002, the mine produced 44 million ounces of gold and 9 million ounces of silver.
At today’s prices, that’s a combined $56.5 billion in precious metals.

I’m seeing a similar heist play out in today’s crypto markets.

Who’s Behind the Conspiracy

Every day, we hear in the press how the Securities and Exchange Commission (SEC) is cracking down on cryptocurrencies.
We hear that the Commodity Futures Trading Commission (CFTC) is starting a new investigation.

We hear the CEO of JPMorgan saying he’ll fire any of his employees buying cryptos—then we find out his traders in London are buying with both hands.
We hear central banks float stories designed to scare and ward off crypto investors.
In February 2018, the Polish central bank even admitted it hired a firm to spread a “smear campaign” against cryptos. (And do you remember IMF head Christine Lagarde saying central banks need to band together against cryptos?)

Friends, the great crypto conspiracy of 2018 is upon us.
All year long, we’ve been under assault by rumors of central bank collusion against cryptos. Threats of bans. Endless investigations… and the ceaseless drumbeat of negativity from the traditional press.

And yet—amid this shower of negative news—careful observers will have noticed institutions are actually running into crypto investments.
Today, I’m seeing banks, regulators, and the press drown the market in negative news. They’re using the same old trick Hearst used to scare speculators so he could scoop up the Homestake mine for pennies…

Guess what? It’s working.
Institutions are getting the best prices on cryptos since mid-2017… while the average investor is panic-selling, big investors are buying.

Crypto Wealth Is Being Redistributed

Over the last 90 days, we’ve seen some of the biggest investors in the world flood into cryptos:

• Wall Street investment bank Goldman Sachs announced that it would launch a crypto trading desk.

• Susquehanna—the 12th largest trading firm in the world by volume—announced it would start trading cryptos, too. The firm even went as far as creating its own custody company to hold its crypto.

• Billionaire investor George Soros—one of the world’s greatest moneymakers—gave the green light to his team to buy cryptos.

• Coinbase—one of the world’s largest crypto exchanges—launched a crypto index fund for wealth investors and institutions.

• Financial services company State Street said it’s considering acting as a custodian for Bitcoin. State Street has $2.7 trillion under management.

• Wellington Capital—with over $1 trillion of assets under management—stated its intention to start trading Bitcoin.

• The Rockefeller family’s venture capital firm, Venrock, said it’s also buying cryptos.

Every important lawyer I talk to in the investment space is overwhelmed with crypto questions from their institutional clients. That’s just the latest evidence that institutions are trying to get into this market—not stay out of it.

Don’t Fall Victim to This Conspiracy

Friends, make no mistake—we’re in the middle of a massive handover of wealth from individuals to institutions.

I saw this happen after the housing crisis in 2010–2012, when institutions started buying up foreclosures by the thousands… but individual investors couldn’t get a mortgage.

I saw it in 2003 after the dot-com crash, when institutions started buying up internet and technology stocks on the cheap… But on CNBC they kept telling the public it was too early to buy.

I saw it during 1994–1995, when institutions scoffed outwardly about how “dumb” money was buying internet stocks… while they were loading up as individuals were selling.
I’ve seen this institutional blueprint for stealing wealth play out again and again.
Don’t be a victim of this strategy. The key is to focus on what institutions are doing… not on what they’re saying.
Across the world, institutional investors are embracing cryptos—not rejecting them.

Just as George Hearst made a fortune using misinformation to buy the Homestake mine on the cheap… institutions know they will make vast fortunes buying cryptos at depressed prices. Otherwise, they just wouldn’t bother with it.

Don’t be a statistic. Stay strong. Keep your position sizes rational.
We will ride the wave of misinformation through this dark valley of despair and into the bright sunlight of the life-changing future ahead of us.

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July 19 is around the corner. Have you cleared your evening?

I hope so. Because Glenn Beck and I are getting ready for our LIVE emergency broadcast: The Great Cryptocurrency Conspiracy of 2018, airing soon.

You do not want to miss this event. I’m going to reveal my million-dollar trading tool I’ve been using to predict moves in the crypto market with up to 87% accuracy. I’ll even share where it says prices are headed next…

And I’m going to be giving away 3 FREE cryptocurrency recommendations.

Finally, don’t forget: You’ll have your final chance to claim your portion of our $2 million Bitcoin Giveaway—our gift for helping you get started.

Register here now, if you haven’t already.

“Cryptos aren’t going anywhere. What’s going on?”

Between January 1 and December 31, 2017, the world witnessed the exponential growth of a new asset class: when the market cap of the entire cryptocurrency market exploded from roughly $1.6 billion to $615 billion – an unprecedented 3,500% increase in a single year.

For those of us who were involved from the beginning – like my readers and I – the growth was intoxicating. We minted many Main Street millionaires almost overnight.

But the first half of 2018 has been a different experience.

After taking a 60% haircut, the entire market waffled along…

For anyone who invested in the later stages of the boom, those incredible gains you were promised seem to be nowhere in sight.

So it’s only natural for crypto investors to be left wondering, “What’s going on?”

In fact, if you’re in this boat right now, your biggest enemy is likely boredom.

A Crypto Investor’s No. 1 Enemy

It’s the biggest enemy of every crypto investor…

When you’re used to seeing 1,000%-plus gains, as my readers and I were in 2017, it’s easy to let boredom get to you.

It can become so strong, in fact, that many people will start trading their cryptos to try and make money on short-term price swings.

But that’s not what we’re doing.

Contrary to some of the popular opinions you’ll see out there in the mainstream media, what we saw in the 2017 crypto market was not a bubble forming and bursting.

It was the beginning of a long-term trend in the world’s financial system—one that cannot be reversed… and is only just beginning.

We didn’t invest in cryptos to catch a few high-fliers. We invested to take part in the emergence of this trend.

So that’s what we’re doing: We’re holding for the long run. And that’s an important distinction.

You see, all long-term holdings go through cycles—and Bitcoin cycles like no other.

Long-Term Trends Are Cyclical

Bitcoin goes up… then it goes down. When it does, everyone declares it as dead. And right about then, it starts to rebound to new highs.

We’ve gone through this cycle multiple times over the years. Just look at this chart of Bitcoin and you’ll see the many cycles we’ve been through:

What we are currently experiencing in the crypto market is simply one more downturn. We’ll see Bitcoin rise again… and soon.

“What will make Bitcoin and cryptocurrencies rise again?” you might ask.

Before I tell you that, let me tell you the story of one company that experienced something similar to what Bitcoin is experiencing now…
 

We’ve Seen This Before…

 

Consider Microsoft back in the 1990s.

At that time, Microsoft CEO Bill Gates told reporters that someday, everyone would have personal computers (PCs) on their desks and that these PCs would be cheap.

Everyone thought he was nuts. No one could see his vision for the future. But fast-forward 10 years, and everyone had a PC. You can get a new computer today for a few hundred bucks.

Along the way, Microsoft had a couple of multi-year periods of consolidation. Just look at a chart of Microsoft in the 1980s and ’90s:

In those consolidation periods, Microsoft fell heavy. In the two boxes on the chart, Microsoft experienced 30% drops.

And Microsoft had several other large pullbacks in 1986 and 1991. But it recovered very quickly both times.

We’ll never know how long these pullbacks are going to last. So we focus on what we can control: the research. What we want to see is how many people are adopting the technology.

During Microsoft’s pullbacks and consolidations, computer use was growing. Businesses and people were adopting the technology.

Companies were moving to use spreadsheets and databases. Schools started building computer labs. And people used computers at home for games and personal organization.

The right move during this time was to hang on to shares of Microsoft. If you had, you could have turned a $2,000 investment into over $1.2 million.

I’m convinced the next Microsoft story will come from the blockchain.

How am I so sure we’ll see this mass adoption?

Let’s step back and talk about the problems other life-changing technologies had.

Do you remember what cell phones were like in the 1980s? People paid thousands of dollars for them. They were so big  you had to carry them around in something resembling a suitcase.

These cell phones also had very limited reception. There weren’t as many towers built out as there are today. So you could have a $2,000 phone with a $200 monthly fee and still not be able to make any calls because of limited reception.

Nobody thought that cell phones would become widely adopted. It was just a playtoy for the rich.

And do you remember what a pain it was to connect to the internet back in the 1990s?

You had to wait while your computer connected via dial-up modem (with the annoying noises). Half the time, your America Online service didn’t have enough phone lines to make connections. You’d get a busy signal and would have to call again.

Then, once you connected, you had to wait a minute or two for each web page to load—even longer if there was a picture on the page.

And if some other joker in the house picked up the phone, you’d get kicked off the internet.

It was a disaster. But guess what? Technology evolved. And now both technologies are essential to our everyday lives.

Cryptocurrencies are no different. It’s tough to use Bitcoin for transactions right now. Not many merchants accept it. Fees make small transactions impractical. And it fluctuates too much for a currency.

It’s the same for all the transactional coins right now. But that’s quickly changing. We are seeing more and more adoption around the world.

That’s why my team and I are constantly combing through all our positions to make sure the technology continues to evolve and that adoption is increasing. And we’re seeing a lot of that across the board.

The strategy we’re using is to have small positions in many different cryptocurrencies, and to hold tight through consolidation times. If you do that, you’ll be in a position to make outlandish money in the next rally.

It’s just a matter of time until the market catches on. When it does, we’re going to see another explosive move to the upside.

You do not want to miss that move.

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We’re coming up on July 19th, when Glenn Beck and I are sitting down for our LIVE exclusive event: The Great Cryptocurrency Conspiracy of 2018. If you haven’t registered yet, please click here.

But I have one more message I want to share with you. If you’re easily offended by sex, violence, and salty language, you might want to skip it. If not, it may be one of the most important essays you read from me all year. Keep your eye out… It may also be the most important one you’ll ever read from me.

You see, for the last two years, I’ve been using a secret trading tool to track—and profit from— the growing crypto market. This tool is single-handedly responsible for turning many of my readers into crypto millionaires…

And right now, it’s giving us key signals about the crypto market—hard proof that we’re gearing up for a massive move higher. Stay tuned…

I have a theory…

I’ve been telling my readers that we are transitioning into what I call the “Second Boom.”

The “First Boom” in the crypto market was what we saw in 2017… when most crypto buyers were everyday individuals.

We’re now in transition—to a market where most of the participants are institutions.

What do I mean by that?

Well, it’s the exact same transition that took place between 1994 and 1995 in the internet space.

You see, in the early days of the internet, institutions refused to touch internet stocks. Much like today’s cryptos, they thought the internet was a fad.

In 1994 and 1995, tech stocks and internet stocks suffered a massive sell-off. Everybody thought it was the end of internet stocks.

During that time, individual internet investors—now suffering massive losses—lost faith in the internet. They sold their stocks at bargain-basement prices. To whom? Institutions.

You see, following the crash, institutional ownership of equities in this space—as measured by venture capital deals—went through the roof… even as the market was collapsing.

So as individuals were fleeing, institutions were running into the market.

So, why am I talking about all of this?

Because we are seeing the exact same thing take place in the crypto market. Individuals are fleeing—but institutions like Goldman Sachs, Wellington Capital Management, the Rockefeller family trust and George Soros are running into cryptos.

Greg will explain what we see forming in the global financial system that everyone else seems to be missing. You won’t read about this anywhere else…

Also, July 19 is coming up. That’s when you’ll get your chance to tune in to my exclusive training event with Glenn Beck, The Great Cryptocurrency Conspiracy of 2018. I’ll tell you about the million-dollar trading tool I’ve been using to predict moves in the crypto market with up to 87% accuracy. And don’t forget: You’ll have your chance claim your share of our $2 million Bitcoin Giveaway. See you there…

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A Financial Exodus Is Happening on Wall Street… Here’s Where It’s Headed

In early May, Malta-based crypto start-up Hold announced that it had hired Priyanka Lilaramani as its new CEO.

You probably haven’t heard of Hold or Lilaramani. But the move was significant… Lilaramani was a director at Goldman Sachs in London for over a decade.

It also highlights a new trend that we’re seeing in the cryptocurrency space: Executives from traditional companies (like Goldman Sachs) are flocking to blockchain and cryptocurrency projects.

This is a trend that’s easy to miss if you’re not watching the space closely. And the mainstream media certainly isn’t talking about it.

It’s analogous to the internet in 1994 and 1995. During that time, the internet went from being a curiosity to receiving serious institutional investment. This trend will be even bigger with cryptocurrencies and  the blockchain.

That’s because we’re not only seeing financial capital come into the crypto space, but human capital, too.

As Michael Sonnenshein, managing director at Grayscale Investments, said at Consensus 2018 (a major crypto conference in New York that I attended recently): “It’s getting easier to attract traditional finance talent.”

The smart money is making the jump to crypto because it sees a huge opportunity. It’s a trend you need to jump on, too.

Headed for Greener Pastures

Lilaramani isn’t the only executive from a top Wall Street firm headed to the crypto space. Consider some other recent examples:

• In March, the crypto exchange Coinbase hired Eric Scro as vice president of finance. He came over from the New York Stock Exchange (NYSE), where he spent over eight years as head of finance. Scro helped expand institutional business for the NYSE and will do the same for Coinbase.

• A month later, Coinbase hired Alesia Haas as chief financial officer (CFO). She was CFO at Och-Ziff Capital Management. The firm has an estimated $32.7 billion in assets under management.

• Blockchain, the popular wallet provider, recently hired Peter Wilson as its vice president of engineering. Wilson is a veteran of Facebook and Google.

• Blockchain also hired Breanne Madigan, a 13-year veteran of Goldman Sachs. At Goldman, she was head of the institutional wealth services team and its $1.5 trillion in assets under management.

And it’s not just executives jumping ship to new companies.

In May, three members of BlackRock’s institutional client team left to launch their own cryptocurrency fund.

BlackRock is the world’s largest asset manager, with $6.3 trillion in assets under management. According to one team member, “BlackRock is a great place, but the opportunity is just too big to miss.”

That aptly describes why these executives are leaving. It’s more than just a pay bump and a new title. It’s a once-in-a-lifetime opportunity.

Buying a Ticket to the Party

Traditional companies aren’t sitting still, either. Some are trying to buy their way into the industry.

We saw that in February 2018, when Goldman Sachs-backed Circle bought the Poloniex crypto exchange for $400 million.

Morgan Creek Capital took the same approach. The $1 billion hedge fund acquired Full Tilt Capital to get into the crypto space. Full Tilt Capital is a venture capital company dedicated to investing entirely in blockchain.

Another strategy is to incorporate blockchain and cryptocurrency into the existing business.

For example, Goldman Sachs announced in May that it would open a Bitcoin trading operation.

The news was a shock to many, as regulated financial institutions have avoided cryptocurrency trading so far.

But for Goldman, there was simply too much interest from hedge funds, endowments, and foundations.

Not to be outdone, rumors are swirling that Morgan Stanley is planning to add cryptocurrencies to its trading desk as well.

This is a trend we expect to continue. The opportunity is simply too big.

Just how big? Dan Morehead, CEO of crypto hedge fund and investment firm Pantera Capital, recently stated that the cryptocurrency industry could easily go to $4 trillion. And $40 trillion is possible over the next decade.

$40 trillion is 145 times from where we are today.

Now’s the Time to Get In

Over the course of 2018, we’ve seen the cryptocurrency market take a breather. After reaching $20,000 this past January, Bitcoin has lost as much as 70%. And the overall crypto market has mirrored that performance.

But this shouldn’t be unexpected. We’ve always said that the cryptocurrency market will be very volatile. And we need to use that volatility to our advantage.

Behind the scenes, traditional finance continues to pour more money into the cryptocurrency space. And as I’ve shown you, movers and shakers from Wall Street are migrating to cryptocurrency as well. Just pay attention to what the smart money is doing (and not what it’s saying), and you’ll quickly see what we’re seeing.

It’s a signal to us that the opportunity in cryptocurrencies is far from over. We believe huge gains are ahead for those that act now.

If you’re like many crypto investors, you’ve been a bit frustrated with your crypto portfolio since the start of 2018. After last year’s stellar run, it’s been tough to sit through the current drawdown.  
 
If you haven’t signed up for the FREE training webinar Glenn Beck and Teeka are hosting on July 19, where he’ll be sharing the names of three cryptocurrencies you should buy immediately. They’re calling it: The Great Cryptocurrency Conspiracy of 2018. And they’ll be giving away $2 million worth of Bitcoin.

Click here to register.

Over the last few days, I’ve shown you the growing trend of institutional investors jumping into cryptocurrencies.

Today, my lead analyst and right-hand man Greg Wilson shares the latest evidence of this imminent rush of capital… and the best way for you to act on it…

Meanwhile: July 19 is quickly approaching. That’s when Glenn Beck and I will sit down for our exclusive event: The Great Cryptocurrency Conspiracy of 2018.

Glenn and I will pull back the curtain on ALL of the lies and misinformation being spread by the bankers on Bitcoin and cryptocurrencies.

I’ll also be giving away 3 FREE cryptocurrency recommendations. And you’ll get your chance to claim your share of our $2 million Bitcoin Giveaway. Stay tuned…

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“Soon, the risk of NOT being involved will outweigh the risk of having a small allocation.”

That’s the conclusion reached by Dan Morehead, the CEO and co-chief investment officer of Pantera Capital.

The comment came from his latest monthly letter, and it was in reference to institutional investors and cryptocurrencies.

If you’ve never heard of Pantera Capital, it’s an investment firm focused exclusively on blockchain and cryptocurrency. Founded in 2013, it’s the first U.S. Bitcoin investment firm.

Its portfolio includes notable names in the cryptocurrency/blockchain space such as Bitcoin, Ethereum, Abra, ShapeShift, and many others.

It’s a well-respected firm in the industry. Crunchbase ranks Pantera in the top 25 out of thousands of venture capital firms.

So when Dan talks, it pays to listen. And my ears perked up when he started talking about institutions and cryptocurrencies.

It’s a theme we’ve been talking about since late 2017.

Today, I’ll share more thoughts from Dan and further proof of institutional involvement—and I’ll tell you what it means for your portfolio.

The “Second Boom” Narrative

We’ve been writing about the new Wall Street narrative on cryptos since December 2017.

In February, JPMorgan released a report that some are calling the “Bitcoin Bible.” The report came to some startling conclusions—notably, that cryptocurrencies “are unlikely to disappear.”

And in March, two of the country’s largest asset managers—BlackRock and Wellington Management—announced that they were getting into the crypto act.

Teeka calls this new narrative the “Second Boom.”

You see, as we mentioned in the last installment, Wall Street has a history of developing “narratives.” And following them can be profitable…

Today, studies are showing that adding Bitcoin to your portfolio gives better risk-adjusted returns.

We envision Wall Street’s pitch will be just that—by allocating 5–10% of your portfolio to Bitcoin and other cryptocurrencies, you can actually bring down volatility and improve returns.

That’s when we’ll see trillions of dollars of institutional money come into this space from players like JPMorgan, BlackRock, Wellington, and others…

And that narrative is growing louder.

The Latest Voice Added to a Growing Story…

According to Dan:

The perceived risk-reward relationship is rapidly shifting towards institutional involvement.

He gives three reasons:

1. The crypto market has grown over 10 times in the last year and is now large enough for even the largest institutions to buy in.
2. Blockchain is an “asymmetric trade.” You don’t need to risk a lot to make a lot. That means if you’re right, your financial standing can change materially. But if you’re wrong, you’re out just your initial small investment.
3. Wall Street custodians will soon offer their services to investors. This is a pain point for institutional clients right now. To be compliant, institutional investors need to follow custody rules set by the U.S. Securities and Exchange Commission (SEC). But the infrastructure needed is quickly coming to market.

According to Dan, Pantera is already having third and fourth conversations with large institutional investors. Each conversation is one step closer to an actual investment.

The Evidence Is Mounting

Dan isn’t the only one talking about institutions and cryptocurrencies. I attended the TokenFest conference in San Francisco earlier this year and heard similar comments.

TokenFest featured thought leaders from the entire cryptocurrency space. CEOs, venture capitalists, and developers were all in attendance.

One leader present was Brent Traidman. He’s the chief revenue officer for Bread, a digital wallet provider.

Asked about institutions and cryptocurrencies, he said:

Banks are just waiting to pour money in. When the regulation happens, all the institutional money will pour in.

Also in attendance was Jeremy Gardner. He’s the former co-founder of blockchain prediction platform Augur. Today, he’s the co-founder and managing partner at Ausum Ventures, a blockchain venture capital firm.

When asked about institutions and cryptocurrencies, he said:

Real institutional money is coming in, like Yale Endowment, who is seriously looking into crypto.

That’s big news. Yale Endowment manages over $27 billion. And it’s considered a pacesetter among other endowments—meaning that when Yale makes a move, the others generally follow.

How to Profit From the Institutions

Generally, Wall Street is always in position to get into new trends before the public.

But we’re in a unique situation. Institutions are mostly on the sidelines as the infrastructure is developed and regulations get figured out.

That means you have the opportunity to get into cryptocurrencies before the new Wall Street narrative takes hold.

It’s a great asymmetric trade setup. With just a small investment, you can make life-changing gains.

Like Dan said, the risk now is NOT owning cryptos. Buying Bitcoin is a great place to start.

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If you haven’t signed up for the FREE training webinar Glenn Beck and Teeka are hosting on July 19, where he’ll be sharing the names of three cryptocurrencies you should buy immediately. They’re calling it: The Great Cryptocurrency Conspiracy of 2018. And they’ll be giving away $2 million worth of Bitcoin.

Click here to register.

Some of the most influential players on Wall Street spent the last year taking swipes at the crypto market.

But the words coming out of their mouths don’t quite match their actions…

That’s why, today, I want to introduce you to my right-hand man and lead analyst, Greg Wilson.

You see, what most people aren’t seeing is that these Wall Street giants are quietly changing their tune. They’ve started hoarding cryptos… And, as Greg will show you, that could send the whole market soaring sooner than you expect…

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“I could care less about Bitcoin.”

That was Jamie Dimon—the CEO and president of JPMorgan Chase—speaking this past October at the Institute of International Finance

He went on to say that governments would crush Bitcoin one day.

Dimon has a long history of trashing Bitcoin whenever he gets the chance.

In 2014, he said he wasn’t a fan because Bitcoin was “being used for illicit purposes” and that it was a “terrible store of money.”

Then in 2015, Dimon said, “You’re wasting your time with Bitcoin.”

And in 2017, he famously called Bitcoin and digital currencies a “fraud.”

With comments like that, we would excuse you if you thought JPMorgan hated cryptocurrencies.

And he’s not the only one. But like a lot of things with Wall Street, you should take what it says with a grain of salt…

… especially because there’s a new crypto narrative coming out of Wall Street.

And you need to act now, before it reaches the masses.

Wall Street Hates Cryptocurrencies

Many Wall Street executives have shown their disdain for cryptocurrencies.

Take Ray Dalio, for example. He’s the founder of the world’s largest hedge fund, Bridgewater Associates.

He recently said Bitcoin was a bubble and too volatile to be an effective store of wealth.

Larry Fink was equally dismissive. Fink is the CEO of BlackRock, the largest asset manager in the world. The firm has nearly $5 trillion in assets under management (AUM).

According to Fink, “Bitcoin just shows you how much demand for money laundering there is in the world.”

UBS Chairman Axel Weber is skeptical as well. UBS is a worldwide investment bank with nearly $1 trillion AUM.

When asked about his skepticism, Weber stated, “It probably comes from my background as a central banker.”

Weber likewise doesn’t think Bitcoin can be a means of payment or a store of value.

The list goes on… but you get the point.

Wall Street has made it obvious that it thinks very little about Bitcoin and cryptocurrencies.

The answer why is obvious: Bitcoin and cryptocurrencies are a threat to the fat profit margins of traditional finance. You can send a million dollars across the Bitcoin network anywhere in the world and it will cost you just a couple of dollars. A million-dollar wire sent via a bank overseas costs about $70 and takes 3–5 days… Plus, you’ll lose 1–3% in the currency conversion.

That means if you live in the UK and I send you a million dollars via a bank wire, you’ll actually get the equivalent of $970,000–990,000. You will lose $10,000–30,000 in foreign exchange fees. With Bitcoin, you can do the same transaction, pay a couple of bucks in network fees, and get your money in 10 minutes.

Banks make hundreds of billion of dollars in profits from overseas wires… and Bitcoin could wipe those profits out. No wonder the big banks are trashing Bitcoin.

If you listened to the advice of bankers, you’re likely sitting on the sidelines.

But that’s a mistake. Because behind the scenes, Wall Street is secretly embracing Bitcoin and cryptocurrencies.

And a new narrative is emerging.

JPMorgan and the “Bitcoin Bible”

On February 9 of this year, JPMorgan released a new research report on digital currencies titled, “Decrypting Cryptocurrencies: Technology, Applications, and Challenges.”
But some are calling it the “Bitcoin Bible.”

If you thought the report would state all the reasons why JPMorgan is against cryptocurrencies, you’d be wrong.

The report came to some startling conclusions—notably, that cryptocurrencies “are unlikely to disappear.”

That will likely surprise many who have just kept tabs on the headlines.

We found this conclusion most noteworthy:

If past returns, volatilities, and correlations persist, cryptocurrencies could potentially have a role in diversifying one’s global bond and equity portfolio.
That’s huge news, because it suggests that what we’ve known all along: Bitcoin and cryptocurrencies have real-world value. This is why—secretly, behind the scenes—we are seeing institutions like JPMorgan and Goldman Sachs that have publicly slammed Bitcoin now actually buy it.

You Heard It Here First

We can’t prove this… but what we think might be happening is that institutions could be quietly snapping up Bitcoin on the cheap so they can later recommend it to their clients. If we’re right, they’ll make a fortune selling their cheap Bitcoin to their customers at much higher prices.

We’ve been following this trend since December.

Here’s what we wrote then…

We envision Wall Street’s pitch will be that, by allocating 5–10% of your portfolio to Bitcoin and other cryptocurrencies, you can actually bring down volatility. That’s because Bitcoin is unaffected by crashes or booms in the stock, bond, oil, or gold markets.

Wall Street has a history of using stories, called “narratives,” to drive its investment decisions.

Remember the internet “New Era” narrative and the housing “plateau of prosperity” narrative?

We also pointed out research that showed Bitcoin is uncorrelated to other assets. That means the price movements by other assets, such as stocks and bonds, don’t affect Bitcoin.

And that’s big for Wall Street.

It’s realizing that adding Bitcoin to its portfolios will give it better risk-adjusted returns— meaning, better returns with less volatility.

And that’s the new narrative JPMorgan and Wall Street will be pushing going forward.

What It Means for You

Consider for a moment if Bitcoin and cryptocurrencies become part of global bond and equity portfolios.

The global stock and bond markets total $288 trillion.

Just a 1% allocation means nearly $3 trillion coming into the cryptocurrency space. That’s 12 times more than the entire space right now. Our best guess is that this is what the institutions are banking on—and they’ll make a fortune from it.

Today, you have an opportunity to still get in at the prices they are getting in at. The time to buy is now, before Wall Street makes the switch and starts publicly embracing Bitcoin.

Act now—Wall Street is.

FREE training webinar with Glrnn Beck and Teeka Tiwari

If you want to be part of this trend, we suggest you get started by buying a bit of Bitcoin. It’s the most widely used cryptocurrency.

But if you’re interested in learning how to turn small, $100–500 stakes into outsized gains by trading smaller cryptos… tune in to the FREE training webinar Glenn Beck and I are hosting on July 19, where I’ll be sharing the names of three cryptocurrencies you should buy immediately.

We’re calling it: The Great Cryptocurrency Conspiracy of 2018. And we’ll be giving away $2 million worth of Bitcoin.

Register by clicking here.