“But wait—there’s more!”
Years it has been since I last saw a TV infomercial. They still exist, right?
Either way, I have to assume that anyone older than about 30 will reflexively know that standard infomercial trope aimed at creating the impression of unbelievable value.
Well, in a similar vein I now feel compelled to exclaim, “But wait—there’s more!”
You see, in the coming weeks, I’ll be releasing a series of brand-new reports I’ve put together on crypto, and they’re going to explain why it is we are on the cusp of a price explosion that will see bitcoin race higher from its base near $55,000 today. (I’ll be emailing you in the weeks ahead to let you know how to get access to them.)
As a sneak peak, I’ll say that my rationale is based, in part, on plans that credit-card juggernaut Visa has already announced. In short, Visa will soon:
- Allow payment transactions to occur in crypto across its network of 60 million global merchants.
- Open the path for customers of traditional banks to buy and sell crypto right from their bank account. (The pilot project is already underway in Alaska.)
Combined, those two strategies open the door to a level of mainstream crypto adoption that will fundamentally change the crypto market and push demand immeasurably higher for the two, major cryptocurrencies—bitcoin and Ethereum.
But wait—there’s more!
Visa’s plans will take many months to unfold. We likely won’t see the full impacts of these initiatives until 2022 or beyond. There is, however, another event that has just been announced that promises to move bitcoin and Ethereum higher across middle to late summer.
It’s not as big as Visa, but it’s still remarkably big.
The event: Germany’s 4,000 institutional investment funds can now put 20% of their assets into crypto, as of July 1. The ruling came down this week from the Bundestag, Germany’s version of Congress. As the CEO of a German crypto-consulting firm said, “This is damn huge!”
Germany is the world’s fourth-largest economy, and its institutional investment funds hold a cumulative $1.8 trillion in assets. For comparison, that’s slightly less than 10% of the entire U.S. i.e., “damn huge.”
If all 20% of that money went into crypto, it would mean a $360 billion cascade of cash. The value of all the bitcoin in the world is just over $1 trillion; for Ethereum, it’s $320 billion. So, we’re talking about a significant amount of money potentially flooding into the crypto market. Heck, Elon Musk announcing that Tesla bought $1.5 billion of bitcoin back in early February was enough to push bitcoin’s price to more than $57,000 from just over $39,000 in only two weeks.
Imagine what several billion dollars’ worth of buying might do. Or tens of billions…
To be clear, I am not saying all 20% of that German cash will definitely move into crypto. Maybe it will—who knows? But I am saying that an exceptionally large sum of money is primed to pour into the major cryptocurrencies this summer. That means bitcoin and Ethereum for sure, and quite possibly several of the primary “alt-coins” such as Cardano, Polkadot, and Chainlink.
It’s hard to convince people of the once-in-a-species financial shift that’s taking place. And I totally get why: Every last one of us grew up in a world of physical dollars, of physical banks. Of mortgage lenders and escrow agents. Of stockbrokers and insurance salespeople. It’s a mind-warp to try to wrap your head around a world in which none of that—none of those jobs—exists anymore
Yet that’s the world unfolding even as you read these words. This is social, economic, and financial disruption like we’ve never seen, all happening at the same moment.
Frankly, my bullishness is not really about the price of any particular cryptocurrency, or where it is today, or where it will be tomorrow. It’s about the change itself.
We’ve seen how the internet changed the world. We’ve seen how the iPhone changed the world.
Crypto’s impact will be larger on a scale I can’t even define. All-encompassing? Unconstrained? Exhaustive across life, business, and money? Those are my best efforts, though I admit they’re weak and still don’t capture just how fully crypto will permeate our lives going forward.
So…remember this, come late-summer. As those German funds start pushing tens of billions of dollars into crypto, we’re going to see another leg higher in crypto prices.
That’s why I’m going to be releasing my reports in the coming weeks, before all that happens.
These reports will be your clear, easy-to-understand guides on everything to do with bitcoin and crypto, including what it means, where to buy it, and what price to buy at, so you’ll have all the information you need to take advantage before the mainstream world rushes into the cryptosphere…