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.
“Bitcoin is up 450% in 2017… Have I missed the boat?”
I cannot tell you how often I get this question. You’re probably asking it yourself.
And I can’t blame you.
Since 2011, Bitcoin has risen 700,000+%.
In all my 25+ years on Wall Street, I’ve never seen anything like it. But today, my right-hand research man, Greg Wilson, is here to explain why Bitcoin has a lot more room to run.
Also, I recently authorized my CFO to buy $1 million dollars’ worth of Bitcoin. I’m giving it all away on November 2nd, during my FREE training webinar starting at 8 p.m. (Eastern and Pacific). Hope to see you there…
Why You Haven’t Missed the Best Bitcoin Gains
By Greg Wilson
On November 18, 2004, the U.S. Securities and Exchange Commission (SEC) made a big announcement.
It approved the world’s first gold exchange-traded fund (ETF).
By the end of that year, the fund was worth $1.3 billion… Seven years later, it had become the world’s largest ETF…
Like other ETFs, GLD is a security that trades like a stock. The goal of the fund was to expose more people to gold ownership.
It was an immediate hit…
By the end of 2004, it had already accumulated $1.3 billion in assets.
That was just the beginning.
At year-end 2005, it had accumulated $4.3 billion in assets. By 2006, it climbed to $9.3 billion. And it would go on to top $75 billion in assets.
In fact, the gold ETF became the world’s largest private owner of gold bullion in the world.
The gold price followed. From $442 at the launch of the ETF, gold rose 89% and stood at $834 by the end of 2007.
What’s interesting is that the majority of participants in the gold ETF had never bought gold before.
It’s estimated that 60–80% of GLD buyers were new to gold.
GLD’s success shows you the impact regulatory approval can have for an asset.
I’m telling you this because we’re seeing a similar situation play out in Bitcoin. And just like GLD, it will send a flood of money and new investors into Bitcoin.
Bitcoin Gains Regulatory Approval
The U.S. Commodity Futures Trading Commission (CFTC) regulates futures and options markets.
Recently, the agency granted the first-ever exchange license to a Bitcoin options service.
I won’t bore you with the details. All you need to know is it’s extremely bullish for Bitcoin.
The company getting the license is Bitcoin exchange LedgerX.
Here’s why the news is so important…
Large institutions such as hedge funds have refrained from investing in Bitcoin.
Now, that’s about to change.
There are two reasons for this.
First, they were afraid of trading a non-regulated asset. Now that LedgerX is approved by the CFTC, this hurdle is removed.
Second, they had no way to hedge risk. Portfolio managers lose their jobs when unhedged portfolios blow up. That’s why institutions hate unhedged risk.
With the pending launch of LedgerX, institutions will have an options market they can use to hedge their cryptocurrency positions.
And that will open the floodgates to enormous institutional investment.
How to Profit From the CFTC News
The simplest way to play this news is to buy Bitcoin.
Buy Bitcoin now so you can get ahead of the flood of institutional money coming to the market.
Teeka here… We’re getting closer to my FREE crypto training webinar, which I’m hosting on November 2nd at 8 p.m. (Eastern and Pacific). I’ll be giving away $1 million dollars’ worth of Bitcoin.
Hope to see you there…