It’s been a long, hard journey…
And for those of you who’ve been following us for the past eight years, it might seem like we’d never arrive at this point.
But it’s finally here.
Not only did we see the launch of a spot bitcoin exchange-traded fund (ETF) on Wednesday… We witnessed 11 of them come to market.
Daily editor Teeka Tiwari has been predicting this moment for years.
And while the actual approval was anticlimactic – the market had been anticipating it for weeks now, after all – the launch of these ETFs is setting the stage for what Teeka believes will be an epic bull run.
Consider this…
Bitcoin’s current market cap is $875 billion.
That makes it the 10th-largest asset in the world by market cap – putting it ahead of Berkshire Hathaway, Tesla, and Visa.
(If bitcoin sees a nice rally this weekend, it could surpass Facebook owner Meta for the ninth spot.)
So what’s the mainstream media missing about this?
Here’s the answer from Teeka…
Bitcoin became the [10th] most valuable financial asset in the world over the last 15 years without Wall Street…
It’s done that despite every government in the world telling you it was for criminals, and you shouldn’t buy it, and you should stay away from it.
It’s done that when every traditional asset allocator – from Warren Buffett to Jamie Dimon – said you shouldn’t buy it, and that bitcoin was going to go to zero.
Well, I want to say congratulations for not listening to them.
Because for the very first time in the history of this asset… The world’s largest capital allocators are now in the room.
Let’s break this down…
Bitcoin became the 10th-largest asset in the world without any help from Wall Street. But as Teeka says, those allocators “are now in the room.”
What does that mean?
Well, the 11 firms that launched bitcoin ETFs on Wednesday – which include titans BlackRock and Fidelity – manage a combined $17 trillion in assets.
Where does bitcoin go when that ocean of capital flows into its market cap? Does it become more valuable than Nvidia, Alphabet, Amazon, Microsoft, and Apple?
And know this: When bitcoin flies, the altcoins rocket higher.
Since its low in October 2023, we saw bitcoin explode 81% in anticipation of an ETF approval.
However, some altcoins did even better. For instance, the BONK token saw peak gains of 20,000% over the same span.
That’s why Teeka believes this next bull market could help you reach your Freedom Number. That’s simply the amount of money you need to live the life you want on your own terms.
According to Teeka, the best way to do that is to buy into altcoins that will get a boost from the bitcoin ETF tailwind…
And they’ll likely come from a niche corner of the crypto market.
You see, some crypto projects pay out rewards. It’s similar to the way a stock pays a dividend. Instead of receiving cash, though, you receive more of the underlying crypto.
Essentially, you can get paid for backing the disruptive technology that a crypto is developing.
Because of their higher yields, Teeka believes these tokens are the ones Wall Street firms will most likely launch new ETFs for.
Wall Street already has 168 dividend ETFs, with more than $380 billion in assets under management. So we believe it’s going to replicate that with cryptos.
Recently, Teeka held a special briefing on these types of tokens. And because these tokens can generate incredible income on top of capital gains – he says they can help put you on the path to financial freedom.
During his special briefing, Teeka shared details about six tokens with these automatic payouts that he believes will eventually get their own ETFs after bitcoin.
If you wait until bitcoin moves further up the rankings in terms of market cap, you may be too late. So make sure to stream the replay today.
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Regards,
Chaka Ferguson
Editorial Director, Palm Beach Daily