It’s everywhere. It seems every investor in the world can’t get enough… But where were they when I was pounding the table on bitcoin at $400, $1,000, $4,000, and $10,000?
They were nowhere in sight.
In fact, almost everyone in the traditional financial system and mainstream media hated bitcoin until recently.
But now it’s moved past the $1 trillion mark, and everyone is jumping on the bitcoin bandwagon.
Take legendary hedge fund manager Ray Dalio… He cofounded Bridgewater Associates, the world’s largest hedge fund.
In January 2020, Dalio said bitcoin was “not effective” as a store of value or a medium of exchange. By December 2020, he had completely changed his tune. He now admits bitcoin has established itself as a “gold-like asset alternative.”
In July 2018, Jordan Belfort – the infamous “Wolf of Wall Street” – told his audience to “Get out [of bitcoin] if you don’t want to lose all of your money.”
Yet just last month, he admitted he was wrong, too:
I thought once it crashed, it would disappear and then never come back, but it didn’t. I was wrong about that. I thought it would just vanish and it didn’t.
But the most famous naysayer of all may be JPMorgan CEO Jamie Dimon. In 2017, he called bitcoin a “fraud,” and threatened to fire any of his employees caught trading it.
Dimon later said he regretted his words. And it’s no wonder why…
Just earlier this month, JPMorgan announced its plan to launch a crypto-related investment product tracking public company stocks with bitcoin exposure.
Talk about eating humble pie.
Here’s why I’m telling you all this…
Looking Beyond Bitcoin
For years, I’ve said bitcoin would hit over $1 trillion in market cap once its adoption exploded. And we’re seeing it play out as exactly as I predicted.
Billionaires like Mark Cuban, Elon Musk, and Jack Dorsey are flocking to it. And Wall Street heavy hitters like Goldman Sachs are expanding their crypto trading desks.
But if you listened to the mainstream press and didn’t get involved in bitcoin in 2016 when I first brought it to you at around $400… I have some bad news: You’re late to the party.
The opportunity to take a trivial sum of money – and transform it into a small fortune – doesn’t exist in bitcoin anymore.
At about $55,000 each, bitcoin is just for the big boys now.
For them, a 10x or 20x gain is a huge move. And over time, I think we will see bitcoin do that. But for the little guy that wants a shot at changing his life – and who doesn’t have millions to pour into bitcoin – even a 20x winner is not enough.
Now don’t get me wrong… I still believe bitcoin can go much higher from here.
The value of the entire global gold market is $9.6 trillion. And as I told you on Monday, I believe bitcoin will surpass gold as the world’s main store of value.
If bitcoin reaches the size of the global gold market… we could see easily see it go up 9x from today’s values.
But here’s the thing about bitcoin…
Its historic run also paved the way for a slew of other highly profitable cryptocurrencies.
Early readers of my work have had the opportunity to make 128x their money on bitcoin. They’ve had the chance to make 200x their money on Ethereum. And 350x their money on NEO.
Just $1,000 into each of those turned into a life-changing $678,000.
But that opportunity is gone. It will never return.
That’s why if you want to have a shot at making life-changing gains now, you need to look into a different corner of the crypto world.
The Next Trillion-Dollar Coin
I can’t emphasize this enough… Bitcoin is still a good investment. But if you’re looking to make life-changing gains, it won’t be enough.
So what’s a small investor to do?
Here’s what nobody sees right now… what the media isn’t reporting… and what no member of the financial elite wants you to find out: Behind the scenes, the smart money is now going all-in on another coin.
Like bitcoin, the mainstream will hate the Next Trillion-Dollar Coin. And just like bitcoin, they’ll be eating crow again.
Already, JPMorgan, Amazon, and Microsoft are using its technology… It’s still relatively cheap compared to bitcoin… And because of that and its potential runway, it could be even bigger.
More importantly, the Next Trillion-Dollar coin will have long coattails.
I believe it’ll take the entire crypto ecosystem to the next level… pulling up smaller coins 25–50x higher from here.
Let the Game Come to You!
Editor, Palm Beach Daily