October 19, 2021
Trish Regan here…
I’ve been following and writing about bitcoin for a decade now… And despite attempts by governments around the world to regulate it – as well as its own massive fluctuations in value – bitcoin is still a major player and should grow even bigger in the coming years.
The bitcoin bulls make an important point about the crypto’s fundamentals, arguing the technology behind bitcoin is so revolutionary that it could someday be the currency of the world.
One of these bitcoin bulls just joined the team at Stansberry Research, famed stock-picker Matt McCall.
Matt is well-known for spotting big trends before they become mainstream… which of course is how you can book tremendous gains.
Today, we’re sharing Matt’s story of how he saw the early opportunity in the crypto market and went on to capture his first 100X winner of his career.
But before you dive in, I want to be sure you’ve signed up for the special event Matt is holding tomorrow.
Matt successfully called the bottom of the Great Recession in 2009, the rise of cannabis stocks in 2014, and recommended bitcoin before it soared 10,000%… And now he’s got an urgent message that he says is even more important.
The event is free for American Consequences subscribers. You can reserve your seat by clicking here.
Now, here’s Matt…
The Story Behind My First 100X Recommendation
Bitcoin was having a terrible year…
It had plunged nearly 70% from its peak.
Its drop was all over the news just as most of America was waking up to the asset. The question “What is Bitcoin?” was the fourth-most popular Google search that year. And folks were skeptical…
- The world’s biggest bitcoin exchange Mt. Gox had gone bankrupt months earlier after it was hacked and most of its bitcoins stolen.
- Nobel laureate Robert Shiller had recently published an op-ed stating bitcoin was a “speculative bubble” in the pages of the New York Times.
- And one reporter in The Washington Post even called bitcoin “a fake currency and the worst-performing asset class in the world.”
That was the environment in the financial media when I went live on Fox Business and said this:
Bitcoin is there for the taking… I’ve become a believer… I believe that it could be a viable currency someday.
At the time, a single bitcoin was trading at about $640.
There weren’t a lot of analysts who believed in the digital currency at the time. Especially not on financial news channels. My colleagues on Fox Business argued with me, and one even asked what exactly I believed in.
But who’s laughing now?
Bullish Bitcoin Betting
I saw opportunity in bitcoin as a digital form of money beyond governmental and central bank control. A currency that could rival even the bellwether in gold.
It doesn’t require a group of bankers in financial centers in New York, London, and Singapore making decisions about the money supply. Instead, bitcoin could be the answer to both a store of value thanks to its fixed supply and as a simple means of exchange thanks to its decentralized payment protocol on the blockchain.
That gave bitcoin a shot at becoming essentially a “digital reserve currency”… with upside far higher than most people could imagine.
And less than five years later, bitcoin hit $64,000… making it the first 100X winner of my career.
This type of hypergrowth upside potential is where I focus my time and energy. I’m looking for the type of opportunities where you can put in a small amount – even as little as $1,000 per recommendation – and have the potential for a $100,000 gain a few years later.
As for bitcoin, I think it has even higher to go. In fact, I think bitcoin will hit $1 million per token in the next 10 years.
And just because bitcoin has already gained 100X since my initial recommendation doesn’t mean it’s too late to get in. Far from it. I own bitcoin, and to this day I still take advantage of every buying opportunity it hands me.
That’s because the environment for bitcoin today – despite its extraordinary price rise – isn’t so different from 2014. It’s becoming more mainstream, yes. And more and more people and companies are jumping on board this moving train.
But there are still a lot of skeptics and naysayers out there. Just last week, JPMorgan CEO Jamie Dimon warned that he “personally thinks bitcoin is worthless.”
So no… you don’t have to worry about missing out.
As long as those types of quotes are hitting the headlines, you can bet that the long-term bull market in bitcoin and other cryptocurrencies is just getting started. A higher level of volatility in cryptocurrencies is completely normal.
Ask yourself this: Five or 10 years from now, will more folks around the world be using bitcoin, cryptocurrencies, and other blockchain technologies… or fewer?
My bet is more… a lot more. Remember, the underlying technology behind bitcoin and every other cryptocurrency is the blockchain. And blockchain technology is simply the next era of software. It is the future of all technology.
Software and the technology it has enabled has been the top driver of wealth creation for decades. That isn’t going to stop or slow down… it’s going to speed up.
That’s why select cryptocurrencies are going to skyrocket far higher than you can imagine. Because you’re investing in technology that will massively improve our ability to share information, transact, communicate, and analyze data.
The winners in blockchain technology will make our lives easier, more productive, and more efficient.
But keep in mind there are thousands of cryptocurrencies out there right now. Not all of them are going to be around 10 years from now. In fact, most will fail.
But the ones that succeed will do very, very well. I suspect it won’t be long before you too are counting 100X winners in your portfolio.
P.S. Don’t forget to sign up for Matt’s free event tomorrow. It’s about much more than bitcoin or cryptos…
Matt is going on camera for the first time to reveal his secret method to picking such huge winners. (He’s averaged three 10X winners per year since 2007 – an incredible success rate.)
If you have any money in stocks right now… if you’re concerned about your financial future… or if you’re simply watching the markets rise and fall and wondering what comes next… this is a can’t-miss event. Reserve your spot for free right here.
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Publisher, American Consequences
With Editorial Staff
October 19, 2021