“Isn’t he the idiot who said bitcoin would hit $40,000 weeks before it hit $4,000?”
In case you’re wondering, yes, that “idiot” is me.
That’s a variation of what many of the 5 million people who tuned in to watch a special broadcast I had with media personality Glenn Beck in July 2018 tweeted, wrote, or uttered.
At the time I pointed to how institutions were telling everyone how corrupt and worthless bitcoin was… While at the same time, they were laying the groundwork for their traders and money managers to buy, sell, and store bitcoin.
I called it the Great Crypto Conspiracy of 2018.
In July 2018 bitcoin was trading at $8,000. And my research told me as adoption increased, the price would ramp up rapidly.
I would end up being both right and wrong at the same time.
Adoption did indeed ramp up dramatically.
All through the 2018 bear market, adoption rose. And yet the market hammered bitcoin’s price lower.
This was due to traders hedging long positions with a corresponding short position in the newly formed bitcoin futures market.
We saw traders liquidate their spot bitcoin and clean up on their short position in Chicago Mercantile Exchange (CME) futures. It was the first market period in bitcoin’s brief life when traders had a reliable mechanism to go short.
Many believed the introduction of CME futures along with the ability to go short would mark the end of bitcoin’s meteoric rise. (CME is the world’s largest financial derivatives exchange.)
And it did… at least for 16 months it did.
For the powers that be, it was mission accomplished.
You see, it wouldn’t come out until nearly two years later that the whole premise behind approving bitcoin futures was to crush the price of bitcoin… And in my belief, to extinguish the threat it represented to global U.S. dollar dominance.
You don’t have to take my word for it.
In an October 2019 interview, Christopher Giancarlo – the former Commodity Futures Trading Commission (CFTC) boss – explained why he approved a bitcoin futures contract:
One of the untold stories of the past few years is that the CFTC, the Treasury, the [Securities and Exchange Commission (SEC)], and the [National Economic Council] director at the time, Gary Cohn, believed that the launch of bitcoin futures would have the impact of popping the bitcoin bubble. And it worked…
We saw a bubble building, and we thought the best way to address it was to allow the market to interact with it.
This wasn’t the first time the establishment had gunned for bitcoin.
In September 2017 JPMorgan Chase CEO Jamie Dimon infamously called bitcoin a “fraud” and threatened to fire any of his employees caught trading BTC. (Dimon later said he “regretted” those statements.)
The price of bitcoin dropped as much as 30% over the next three days after his statements.
What’s funny is that his London office swooped in to pick up BTC after his comments had knocked the price down.
In less than two months, BTC had hit a new high, making those traders as much as 137%.
Up until now these battles have been between the “establishment” (Wall Street firms, financial regulators, and governments) and the bitcoin community.
Now a new battle is taking shape. And this time it’s happening within the establishment.
I call it the “Establishment Civil War” because it pits U.S. financial regulators against the most powerful financial firms on Wall Street.
The outcome of this Establishment Civil War has the power to change your financial life forever… if you know how to play it.
An Army of Ants Protected Bitcoin
Up until June 15, the main crypto battleground involved the establishment (regulators, financial firms, central banks) and bitcoiners (everyday people like you and me).
I’ll tell you why June 15 is such an important date in a moment. But know this: Bitcoin has a long history of people trying to kill it.
From China banning bitcoin mining… to the “Nerd Wars” of 2017–2018… to SEC Chair Gary Gensler’s current crusade against fully regulated U.S. exchanges… We’ve seen numerous attacks against bitcoin.
Every time the establishment has tried to bury bitcoin, it’s been the relentless army of “ants” – the everyday people like you and I – who’ve refused to believe the establishment propaganda against BTC…
We’ve been the ones to keep dollar-cost averaging, HODLing (holding on for dear life), and staying true to the core value proposition that bitcoin represents.
That relentless buying and HODLing despite the thousands of negative news articles has pushed the adoption of crypto from just 5 million users in 2016 to an estimated 425 million today.
Today, HODLers own an estimated 68% of the bitcoin supply. That’s the amount of bitcoin that hasn’t moved in more than a year.
Thirty percent of bitcoin holders haven’t moved their coins in five years. By comparison, the average holding period for U.S. stocks is only 5.5 months.
That means there’s a large group of people who’ve held on through thick and thin.
These people are price agnostic. They don’t care if BTC drops 50% or rises 50%. They just hold.
This matters because over time, this “HODL rate” keeps going up.
When you have an ever-growing group of people that refuses to sell… on the cusp of an explosion in new buyers… while the overall supply is cut in half every four years – the logical outcome is much higher prices in the future.
As you can see from the chart, given enough time an army of ants can move mountains. And that’s exactly what the community has done with bitcoin.
Even without a single institution, you can see the inevitability of much higher bitcoin prices as bitcoin’s “ant army” of HODLers relentlessly stacks sats while the supply continues to dwindle down.
[“Sats” is short for Satoshis, the smallest unit of bitcoin. One sat is equal to 0.00000001 BTC. In other words, there are 100,000,000 sats in one BTC. The name sat comes from the creator of bitcoin, Satoshi Nakamoto.]
Now Here Come the Giants
What’s coming next, though, isn’t an army of ants… It’s an army of giants.
And they don’t move the earth with tiny ant-sized mandibles. They move the earth with gigantic hydraulic shovels the size of three-story buildings.
RH400 hydraulic shovel. Source: KH Plant
Here’s what I mean by that…
Remember that June 15 date I mentioned above?
That’s when BlackRock – the world’s largest asset manager, with almost $10 trillion under management – stunned the world by filing for a spot exchange-traded fund (ETF).
Unlike previous bitcoin ETF applications, this filing went to great lengths to appease the SEC’s concerns over manipulation in the spot BTC market.
This was such a big deal to me that on June 21, I came out and said when we look back, we’ll see that the BlackRock filing will have marked the end of the crypto bear market and the beginning of the bull market.
Here’s my takeaway: The market has finally awakened. The financial giants are coming, and there’s just not enough bitcoin to go around.
BlackRock CEO Larry Fink and his colossal money management firm is the mightiest giant of them all.
Friends, Larry Fink’s move into bitcoin provides all the cover the rest of Wall Street needs to bring their money shovels, too.
At the very least, you need to own more bitcoin (BTC) and Ethereum (ETH).
When the big boys eventually come in with their earth movers, I expect bitcoin could hit $100,000 in the blink of an eye. That’s a 246% move higher from here.
Ethereum will also explode higher in value to at least $7,500. That’s another no-brainer 309% gain.
If you’re waiting for a big dip, you might not get it. If you have cash on the sidelines and are looking for an opportunity to own more bitcoin and Ethereum, now is your chance.
But there’s an even greater opportunity ahead…
Blockchain Will Get a Boost From AI
I’m sure you already know that artificial intelligence (AI) is the hottest trend in the market this year.
Everyone is talking about it because many AI stocks are skyrocketing.
But let me tell you something 99.9% of people don’t know…
For the past few months, engineers from Google and Microsoft have been working on a little-known crypto project that I believe will revolutionize the AI industry.
And I’ve found a way to get in on the ground floor of this project for less than $1.
According to my research, this project has at least 100 times more upside potential than popular AI stocks like Nvidia.
Hear me when I tell you: This could be one of the biggest opportunities of my career…
Because this is no ordinary coin.
On Wednesday, August 9, at 8 p.m. ET, I’ll reveal details about this coin to the world during a special event called The #1 Coin for the AI Boom.
Based on my research, there’s a catalyst that’s guaranteed to happen on August 23 at 4 p.m. ET that could send this token to the stratosphere.
Right now, the coin trades for under $1. So that makes it the perfect asymmetric bet. Just $1,000 in a play like this could turn into a six-figure nest egg,
During the event, I’ll also reveal the name of a coin that could 5x your money, absolutely free. Picks I’ve given away for free in the past have had an average gain of more than 1,200%.
Friends, I believe this coin will give you the chance to move the needle not only in your financial life… But also your children’s lives… your grandchildren’s lives… and your great-grandchildren’s lives.
So make sure to tune in on Wednesday, August 9, at 8 p.m. ET.
Let the Game Come to You!
Big T