The regulators are working together to create a regulatory framework for banks to hold crypto assets on their balance sheets as RESERVE ASSETS.
By Teeka Tiwari, editor, Palm Beach Daily
For years, I’ve been telling you that bitcoin would become mainstream. That holding bitcoin would be like holding gold or bonds. In other words, it would become a world-class asset.
And we’re about to hit that milestone.
In an interview overlooked by much of mainstream media, Federal Deposit Insurance Corporation chair Jelena McWilliams told Reuters that a team of U.S. bank regulators is trying to provide a roadmap for banks to engage with crypto assets
If we don’t bring this activity inside the banks, it is going to develop outside of the banks… The federal regulators won’t be able to regulate it.
This is huge news being ignored by the markets.
The regulators are working together to create a regulatory framework for banks to hold crypto assets on their balance sheets as RESERVE ASSETS.
Let that sink in.
An asset they called a Ponzi scheme five years ago…
An asset they said was only good for drug dealers…
An asset that got my own and many of my readers’ bank accounts banned…
Is now about to become a RESERVE ASSET.
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The implications for bitcoin are huge. We’re talking about huge chunks of bitcoin being removed from the market to sit on bank balance sheets… And a fully developed crypto lending market within the banking system.
So, forget my prediction that bitcoin could hit $500,000 within five years… Given this news, I wouldn’t be surprised if we double that and hit $1 million.
That’s a 74% compound annual growth rate. There’s isn’t a single asset on the market that offers a similar return.
Long story short – BUY MORE BITCOIN.
Even at today’s price of about $60,000, I firmly believe you can 10x your money on bitcoin from here… and I’m as confident about bitcoin today as I was in 2016.
I told readers to ignore the negative narratives and buy bitcoin for about $400 per coin back then. And we all know how that turned out… many of those readers became millionaires.
Updated Crypto “Buy Up To” Recommendation
But even though I expect bitcoin to go as high as $500,000 – if not $1 million – in five years… It’s too late to turn a tiny grubstake in bitcoin into a life-changing gain.
You’ve missed that boat.
Here’s the good news…
There’s a rare window opening in a tiny subsector of cryptos… And it could help you secure 10 lifetimes’ worth of average stock market gains in just 365 days.
Before I get to that, let me show you why banks and institutions have changed their tune… and why ignoring bitcoin and crypto is no longer an option.
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Wall Street Greed on Steroids
In 2017, I said don’t bet against “Wall Street Greed.” That we’d eventually see banks offer bitcoin and crypto to clients so they could start collecting fees…
Now, I know some of you were skeptical… and I don’t blame you.
For years, global institutions said, “You’re an idiot if you buy bitcoin.”
Some of the biggest names in finance… like JPMorgan CEO Jamie Dimon, Bank of America, and Citigroup… all went out of their way to bash bitcoin and scare the little guy out of the crypto market.
Even the Financial Times said, “Bitcoin sounds interesting… But if all these smart guys are saying this is dumb, then I should listen to them.”
And many investors did just that. They listened to the so-called experts… and lost an opportunity to make millions of dollars off a small $1,000 or $2,000 investment.
At the same time, many of those crypto naysayers were buying up bitcoin at the bottom and adding it to their balance sheets.
Musk, Cuban, Branson and 7 of the World’s Biggest Banks ALL Piling Into THIS New Tech
It’s incalculable how much money was lost due to the banks and institutions being so wrong… and so dishonest.
Today, those same global financial institutions are expanding crypto access to millions of customers.
For example:
- Visa recently launched crypto-linked cards that make it easy to convert and spend cryptos at 70 million merchants worldwide… and it’s been a huge success. Visa has 3.3 billion users.
- PNC Bank – the sixth-largest U.S. bank by market cap – announced it’ll offer bitcoin services to its customers. The bank has millions of individual and small business clients and holds over $500 billion in assets under management.
- Institutional bitcoin shop NYDIG is enabling 650 U.S. community banks and credit unions to make bitcoin purchases available to their customers.
- And JPMorgan will soon offer a passively managed bitcoin fund to private clients.
Now that the cat’s out of the bag, the federal government has no choice but to legitimize this asset class. And that’s creating a rare window in the tiny subsector of crypto that I mentioned above…
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It’s Time to Prepare for the “Second Phase”
Bitcoin is blowing up as I predicted. But it’s too late for the little guy to get rich in bitcoin from a small starting stake.
But there’s another chance to turn tiny grubstakes into life-changing gains in crypto. I call it the “Second Phase.”
You’ve probably heard of bitcoin halvings. They happen every four years. And after each halving, we’ve seen bitcoin’s price explode.
Unlike bitcoin halvings, which are preprogrammed to occur about every 4 years… the Second Phase is a once-in-a-lifetime event.
It’s preprogrammed, so it’s guaranteed to happen… but it has nothing to do with bitcoin.
It all has to do with a tiny subsector of the crypto market I call “Tech Royalties.”
The Second Phase is an event that will ignite an explosion in the prices of these Tech Royalties… many of which now trade for pennies but could soon trade for hundreds of dollars.
When the Second Phase triggers, I believe you could make 10 lifetimes’ worth of S&P 500 returns in just 365 days.
That’s why I’m hosting a free “Tech Royalties 2.0: The Second Phase” livestream on Wednesday, November 3, at 8 p.m. ET.
During this event, I’ll share the name of my No. 1 Tech Royalty to buy now (it trades for less than a dollar)… Plus, a special bonus for my VIP readers. (Be sure to see my P.S. below to learn how to become one.)
On top of that, I’ll release details on six Tech Royalties I believe can help you start building 10 lifetimes of wealth over the next 365 days.
So, click here to join me Wednesday, November 3 at 8 p.m. ET, and I’ll show you precisely what you need to do.
Friends, if you’re reading this letter and you still haven’t gotten into bitcoin… you need to get aboard “Tech Royalties 2.0: The Second Phase.”
Because it will only happen in crypto once, and when it’s over… we won’t see anything like it again.
If you really want to move the needle on your net worth… and secure your chance at getting 10 lifetimes’ worth of S&P 500 returns in 365 days… you need to get ahead of the Second Phase.
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Bitcoin Owners Check This Out:
This is the average transfer fee to send Bitcoin.
In May 2012, it cost exactly $0 to send Bitcoin.
But now it costs over $59.
Or what about this:
The average time to confirm a Bitcoin transaction from September 2020 to May 2021 has increased by 12,755%!
Meaning it takes 55 hours longer to transfer a Bitcoin from one person to another!
What changed?
It’s part of a new bug that has emerged in the Bitcoin network.
Right now most people have no clue this “Bitcoin Bug” exists.
Yet up to 70 million Bitcoin owners could be severely affected in the days ahead…
Click here to see how to prepare.
As I mentioned above, on the night of the big event, I’ll reveal my No. 1 Tech Royalty crypto to all who attend…
And for the first time ever, I’m going to release my complete premium research report that shows you why we are buying it, how to buy it, and how to claim your very own Tech Royalties.
It’s all explained step by step in a detailed report usually reserved for my paying members. The only “catch” is you must be on my VIP list…
The good news is that joining my VIP list is easy and free – click here for more details.