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That day, I rushed out a video update to calm the jittery nerves of my subscribers. Here’s what I told them…
If this is your first cycle in the crypto markets, my bet is your stomach is churning right now. Back in the early 1990s, I went through the same process with my tech investments. I don’t want you to make the same mistake I did.
During the video, I urged my subscribers not to sell their Bitcoin. In fact, I told them, if appropriate, they should use the pullback to buy more Bitcoin.
If you listened to my advice then, I want to congratulate you.
Since that urgent update, Bitcoin has reached an all-time high of $66,398… That’s a 137% gain in less than four months.
So over that short span, a simple allocation to Bitcoin would have outperformed the S&P 500 by nearly 20x.
And today, things are looking even brighter for Bitcoin.
Friends, I can’t overstate how incredibly bullish this is.
When this regulation receives its final approval (and I believe it’s a matter of when — not if), you’ll be able to deposit Bitcoin in a bank and get a line of credit against it.
That’s why I pounded the table in June and said to buy more Bitcoin — because there’s a good shot Bitcoin hits $100,000 before the end of the year.
Here’s why I’m telling you this.
The Party Isn’t OverIn June, I had to urge my readers not to sell after Bitcoin’s crash. I told them it would not only rebound, but go to a new all-time high.
And my prediction proved correct.
Now, I’m warning you not to sell your Bitcoin as it rallies to $100,000. Listen clearly when I tell you this: It’ll be the biggest mistake of your life.
Because, despite headlines claiming investors are souring on Bitcoin, or that its recent high was just “crypto ETF fever,” the party isn’t over yet.
Let me explain.
I’ve been in this game a long time. And I’ve traded through many market cycles, including the 2017 bull market and 2018 Crypto Winter…
So I can tell you with confidence that the party isn’t over until you see extreme mania.
And we’re not seeing that type of mania yet…
We last saw extreme mania at the end of 2017. From January to the end of December of that year, Bitcoin shot up as much as 1,780%.
Soon after, we entered the brutal 2018 Crypto Winter I mentioned above.
But we haven’t seen those types of crazy, parabolic moves so far this year. During this cycle, Bitcoin has had mini booms and mini busts, but each time it has “stair stepped” higher, steadily climbing a “wall of worry” to make new highs each time.
Sure, we’ve had spurts up to new highs. But it’s been a relatively slow, steady rise compared to late 2017 when Bitcoin rose 300% in 30 days.
When we see Bitcoin go absolutely parabolic. When everybody thinks it can only go up.
When your mother, grandmother — heck, even your great-grandmother — calls and asks you for advice about Bitcoin.
When you’re the most popular person at the party because you got in the crypto game early.
That’s when I’ll tell you, “We’ve got to sell.”
But we’re not there yet. And if I’m right — and I’ve been right about crypto for the past five years — in the coming years, we’ll see Bitcoin at $500,000.
Now, I don’t have a crystal ball. So, I can’t time the exact top. But you don’t need to buy at the absolute bottom or sell at the absolute top to make a fortune in crypto.
You just need to be patient and let the game come to you.
Editor, Palm Beach Crypto Income