In 2015, Digital Currency Group launched a new closed-end fund called the Grayscale Bitcoin Trust (GBTC).
For the first time in bitcoin’s history, anyone could invest in bitcoin in the public markets.
The fund opened the door to institutional investors like hedge funds, mutual funds, and pension plans that wanted exposure to bitcoin but couldn’t own it directly.
Around the same time, Coinbase opened the first regulated bitcoin exchange in the United States. The platform made it easier for investors to buy and sell bitcoin.
These products opened the floodgates of capital coming into bitcoin.
As you can see in the chart below, from its low in January 2016 to its high in July 2018, the amount of crypto assets under management exploded 3,642%.
Here’s the thing…
From November 2013 to January 2015, bitcoin plunged from $1,127 to $172 – an 85% drop from peak to trough.
When I saw all these institutions begin to move some serious capital into crypto after that crash… That’s when I knew it wasn’t a scam.
I realized it was a revolutionary idea that would create millionaires. That’s when I decided to start writing about crypto.
I recommended bitcoin in 2016 at around $400 and Ethereum around $9.
Today, they’re up 7,157% and 21,096%, respectively. That’s enough to turn every $1,000 into $72,570 and $211,960.
That wasn’t the only time I recommended crypto when I saw institutional capital making a move into this space.
In late 2018, Fidelity started offering crypto custody and trading for hedge funds and family offices.
Fidelity is the third-largest asset manager in the United States, with more than $3.8 trillion under management.
Once Fidelity got involved in crypto, I knew other financial firms would soon follow.
Wall Street is greedy. It would never let just one competitor dominate a new asset class like crypto.
So everyone on Wall Street got involved.
For the first time ever, pension funds started to invest directly in bitcoin.
The New York Stock Exchange launched its bitcoin futures product.
Goldman Sachs started offering bitcoin trading to its customers.
And even JPMorgan Chase got involved.
By 2019, we saw billions of dollars coming into the crypto market. And in 2020, the entire asset class skyrocketed from the 2018 Crypto Winter.
You can see the explosion in the chart below…
So when I saw this new capital coming into crypto, I started making a series of new recommendations, giving my readers the chance to turn $1,000 into $40,550, $122,930, and even $761,330.
Here’s why I’m telling you this: The floodgates are about to open again.
A $20 Trillion Market Opened on June 1
On June 1, financial regulators opened the doors to the second-largest crypto market in the world… a market with almost $20 trillion in investable capital.
Earlier this year, the Hong Kong Securities and Futures Commission announced that, starting on June 1, crypto exchanges in the territory can service retail investors.
China’s financial system has about $19.47 trillion in assets under management.
The website CoinGeek said this new rule “will attract capital, particularly from China, by making Hong Kong a possible home for digital asset exchanges to operate legally.”
And according to The Wall Street Journal, more than 20 crypto and blockchain companies from mainland China, Europe, Canada, and Singapore have told the government they’re planning to establish a presence in Hong Kong… While over 80 firms have expressed interest in doing so, according to official figures.
That’s why I say the opening of Hong Kong will open the doors to trillions of dollars in new capital to crypto.
Now, crypto is still banned in mainland China. But this new rule is a loophole that allows the Chinese to invest in crypto once again.
I believe China knows blockchain technology is here to stay. And it doesn’t want to be left behind.
For instance, in 2021 it banned all crypto-related services, including bitcoin and bitcoin mining.
Did bitcoin go away? No.
So when China’s ban turned out to be a non-event for the market, I believe that’s when the government finally realized it can’t control crypto.
It realized what I’ve been telling my readers for the past seven years: The genie is out of the bottle. There’s no way of putting it back in.
If China bans crypto, everything just moves offshore.
So the government will let Hong Kong experiment with new regulations, like the one that went into effect June 1. It’s going to watch what happens without having to reopen the mainland to the crypto market.
This is a way for China to dip its toes back into the crypto world without putting the financial stability of the entire country at risk.
The Next Big Development in Crypto
Friends, I believe China’s new crypto rules will be a huge catalyst for crypto. Yet there’s something much bigger going on beneath the surface…
Something that the mainstream media – and even most crypto investors – are missing completely.
I’m talking about a new crypto development that’s going to have far bigger implications than the banking crisis…
Because this crypto breakthrough has the potential to dethrone the FAANG companies…
Drive crypto into the mainstream at an almost unbelievable speed…
And give rise to a new generation of crypto projects that I strongly believe will hand you the biggest gains in the next crypto bull market.
That’s why I’m holding a special event where I detail this urgent opportunity on Wednesday, June 7, at 8 p.m. ET. Attendance is completely free.
You can get VIP text alerts and reminders for Wednesday’s event by clicking here. Once you sign up for VIP text alerts, I’ll have two specials gifts for you:
BIG T’s SECRET: How to Make an Extra $1.4 Million in the Next Crypto Bull Market.
This 33-Cent Pick Will Ride AI and “Crypto’s New Development” to Breathtaking Gains.
The first report explains the simple secret behind how I’ve picked so many winners. And the second reveals one of my favorite picks to play this new development.
You get both reports as a bonus for signing up as VIP. No strings attached.
Friends, I believe this new development represents your last, best chance to become a crypto millionaire from a modest stake.
So click here and join me on Wednesday at 8 p.m. ET. And let me show you why.
Let the Game Come to You!