If you’ve been following me the past two weeks, you know I’ve been warning that a major panic is coming that will reshape the entire crypto market.
On Wednesday night, I held my first major briefing of 2023 to explain what this panic is… and my playbook for profiting from it. It’s called The Crypto Panic of 2023.
More than 12,000 people attended. And I got a ton of questions during my Q&A session… But I didn’t have time to answer them all.
So in today’s Daily, I wanted to address some of the more pressing questions I received during my briefing that I couldn’t get to.
If you haven’t seen it yet, you can click here to watch the replay.
So let’s get to your questions.
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Bitcoin is on fire right now. Should I buy BTC?
Absolutely. Bitcoin is a phenomenal asset. If you don’t own it, you should buy it.
In fact, on March 2 I told my Palm Beach Confidential subscribers to buy BTC under $20,000. (Subscribers can watch the video here.)
Here’s what I said:
If you want to be opportunistic with bitcoin, I think you want to wait for prices sub-$20,000. Chances are you’ll see sub-$20,000.
Within days of that update, bitcoin dropped to sub-$20,000. Since then it has gone up to as high as $28,700.
Subscribers who listened to me had the chance to make as much as 46% in as little as 14 days.
Here’s what you need to know…
Buying bitcoin is great, but it’s NOT the best move you can make right now.
On Wednesday night, I shared details about a tiny subsector of the crypto market that will benefit from this panic.
If you don’t own these tokens, you’ll get wiped out as the broad crypto market (excluding bitcoin) gets crushed. But if you do, you’ll have the potential to make a killing from this buying panic.
Unlike most cryptocurrencies, these tokens are programmed to pay you monthly income on top of capital gains. And they’re set to benefit from a surge of activity coming to one of crypto’s largest networks as early as next month.
I even gave away the name of one of those coins, completely free. You can watch the replay right here.
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With the ongoing banking crisis, a possible credit crunch, and the recent rate hike, should we wait until things calm down in the markets?
No.
Like I mentioned during my event, getting paralyzed and doing nothing is the worst thing you can possibly do.
I know it’s a scary market with this banking crisis and rising rates.
I understand how it feels more comfortable to just sit tight and wait for the storm to pass.
But if I’m right – and I believe I am – doing nothing could be among one of the biggest financial mistakes of your life.
You see, thanks to all the recent market turmoil, many of these coins that have these automatic payouts are selling for pocket change. Just like they were in 2018, the last time we had a rate rise scare and a crypto bear market.
And just like in 2018, when you get into these coins when they’re super cheap, like they are now…
And when you have a once-in-a-lifetime event like this coming panic that’ll open the doors to 290 million investors…
I’ll tell you this – all bets are off.
That’s how you get a shot at generational wealth…
That’s how you get a chance to turn $1,000 into an entire nest egg, all while getting paid every month.
But you must act now.
Once the panic begins, it could be too late.
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What event will trigger this panic?
Friends, the panic I’ve been warning you about will be different.
Instead of a typical “panic” that leads to mass sell-offs… It will be a “buying panic” of epic proportions.
And the catalyst involves Ethereum.
In the coming weeks, Ethereum will complete its Shanghai upgrade.
The upgrade has the potential to unlock a $40 billion income opportunity for Ethereum token holders. And it will open the doors to 290 million investors.
It all has to do with crypto “staking.” Staking is a way of earning rewards for holding certain types of cryptocurrencies.
And the Shanghai upgrade will enable Ethereum stakes to withdraw their tokens whenever they’d like.
Since December 2020, Ethereum staking has been a one-way street. You could only deposit assets and had no way to access your capital until this upgrade.
This will be bullish for ETH because it lowers risks involved with staking… And opens the door to institutional capital to stake Ethereum.
My research suggests the flow of Ethereum will reverse quickly back into staking to earn income.
When this happens in the months following the upgrade, I expect higher token prices heading into the second half of 2023.
And that will ignite a buying panic in Ethereum and the tokens closely associated to its ecosystem – like those that make automatic payments.
I explained everything about the event during my briefing. You can watch the replay right here.
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Why do you believe the Shanghai upgrade will cause a buying panic?
You may have heard of the bitcoin halvings.
The halving happens every four years. And each halving reduces supply coming to the market.
The first halving occurred in 2012, the second in 2016, and the third in 2020.
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After the first halving in 2012, bitcoin’s price rallied 9,200%.
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After the second halving in 2016, it soared 2,900%.
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And since the third halving in 2020, it’s soared as high as 681%.
I believe the coming crypto buying panic will bring even larger gains than the past bitcoin halvings.
But while bitcoin halvings happen every four years… Ethereum developers programmed the Shanghai update to happen only once.
So you must act now to take advantage of it.
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What types of cryptos will benefit from the Ethereum upgrade?
The types of tokens I’m talking about pay out income similar to royalties.
You’re probably familiar with actor Tom Hanks. When he had a hunch Forrest Gump would be a huge hit, he sacrificed an upfront salary in favor of a royalty deal.
And when Forrest Gump earned more than $678 million worldwide, Hanks netted $60 million from the film. He did the same amount of work… for 9x the payday.
Remember the TV show Friends? The actors from the hit show still earn $20 million each per year – even though the show ended in 2004.
And comedian Jerry Seinfeld still makes roughly $90 million a year thanks to his Seinfeld royalties… And that’s on top of collecting royalties of about $250 million in just the first year of reruns.
The point is, the royalty model can make you rich by handing you regular payouts – year after year.
Well, a handful of cryptos have adopted a new royalty model in which they share a portion of their revenue with their coin holders month after month.
Many of these tokens are tied to Ethereum’s ecosystem.
Once developers flip the switch on the Shanghai upgrade, we could see millions of investors flock to them because they’re aligned with Ethereum.
So a buying panic could begin at any moment.
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Can I watch the replay of the event?
Yes.
Some of the attendees couldn’t watch the entire interview last night, and they ended up missing what could be my most urgent warning of the year.
So I had my team post the official replay of The Crypto Panic of 2023 online for you.
Just keep in mind my publisher told me this will only be available for a limited time.
Let the Game Come to You!
Big T