“With provide dwindling (the fourth halving) and demand growing (new ETFs and world demand), this looks as if the suitable time to purchase bitcoin.”
I shared that perception with you again in November.
Since then, bitcoin (BTC) has gone up 108% … from $35,000 to $73,000.
That’s a giant transfer for many property.
For bitcoin, it might be an indication that we’re simply getting began.
Cathie Wooden, the CEO of ARK Make investments, agrees.
She’s calling for bitcoin to hit $1 million by the top of the last decade.
Tom Lee, a managing accomplice and head of analysis for Fundstrate World Advisors, signifies that bitcoin can attain as excessive as $10 million inside three a long time.
And Jurrien Timmer, the Director of World Macro at Constancy Investments, thinks the worth of a single bitcoin may attain $1 billion by the yr 2038.
These are some insane numbers.
At the moment, we’ll break down the logic and present you find out how to begin taking advantage of the mania.
To try this, we’ll look again in time to see how bitcoin’s evolution as an asset has led to surging demand.
Bitcoin’s Path to Secure and Simple Investing Hasn’t Been … Secure or Simple
Again in 2009, you wanted to be a pc junkie or cypherpunk to even find out about bitcoin and the place to seek out the software program to run it.
Then, early traders began to purchase bitcoin on flash drives in particular person. You needed to belief that the flash drive had the bitcoin deal with and the crypto on it.
The opposite possibility was Mt. Gox. Nonetheless, they stole its clients’ bitcoin holdings in 2014.
Only some of the 980,000 cash have been recovered. I’ve a good friend who misplaced out on roughly $10 million in bitcoin (at immediately’s costs) from this scandal!
For the previous few years, most individuals have been capable of purchase bitcoin on Robinhood.
Coinbase additionally affords bitcoin together with a couple of dozen different altcoins.
And in 2024, it’s simply getting simpler.
In January, the SEC authorised 11 bitcoin exchange-traded funds (ETFs).
These funds will be purchased in an everyday brokerage account. Simply enter the ticker and the quantity you need to make investments, and inside seconds, you personal some bitcoin.
BlackRock’s bitcoin ETF has already amassed over $10 billion in two months. That’s 12 occasions quicker than the time it took the primary gold ETF.
At the moment, these ETFs are shopping for about 30,000 bitcoin per week. If that development continues, bitcoin provides might be exhausted in six months, resulting in a possible “provide shock” that sends costs hovering.
It’s clear that the demand for bitcoin exists, however many traders waited for a straightforward and protected approach to purchase it.
The mix of an simply traded fund and the SEC’s stamp of approval signifies that bitcoin is right here to remain.
That’s why I count on demand to rise from right here.
And the opposite facet of the equation seems enticing right here too…
Surging Demand Meets Diminishing Provide
In April (presently, April 19), the brand new provide of bitcoin can be reduce in half.
This is named the “halving.”
Bitcoin is powered by code, and it’s consistently verified by a decentralized community.
The code decreased the payout for verifying transactions on the community roughly each 4 years.
Because the Banyan Edge analysis crew defined on Sunday, we’re developing on bitcoin’s fourth halving.
The reward for operating bitcoin miners and verifying transactions on the community can be reduce in half.
Each ten minutes, solely 3.125 bitcoin can be issued, down from 6.25 proper now … and already down over 90% from the 50 issued between 2009 and 2012.
Keep in mind, solely 21 million BTC will ever be issued.
About 93% of all BTC has already been mined.
So we’re speaking about an asset with an absolute finite provide and a limiteless demand.
Tens of millions of individuals across the globe crave it in comparison with their fiat forex, which the federal government can produce willy-nilly (and has completed so, which is why many nations constantly see annual inflation over 10%).
Growing demand + diminishing provide = a giant rally.
It’s Economics 101.
That is the central motive specialists are making very, very massive predictions for bitcoin … $1 million, $10 million and even $1 billion.
I believe these predictions are outlandish, however … even when they’re half proper, bitcoin nonetheless has a protracted technique to go.
I nonetheless personal bitcoin and proceed to induce you to have some cash in it as properly.
Greater Than Bitcoin?
Ian King lately acknowledged that bitcoin will very doubtless hit $100,000 inside the subsequent month.
(His long-term predictions are greater, however … not $1 billion excessive!)
Nonetheless, Ian additionally says one other group of cryptocurrencies may see even larger good points.
Why?
Nicely, historical past.
For instance, through the 2016 halving, bitcoin’s value rose by 263%.
However all the crypto market went up 4,872%.
This was pushed by a handful of cash that went up 3,000% … 5,000% … even 10,000% or extra.
So Ian studied this halving to determine why these particular cash surged. And positive sufficient, he discovered a sample.
In 2020, after the bitcoin halving, he put this sample to the take a look at.
Historical past repeated itself, and bitcoin soared 561% within the yr.
Nonetheless, all the crypto market went up 1,743% on the similar time. Once more, that was pushed by a handful of cash.
This was when Ian was capable of assist traders rating some really superb good points.
On Could 4, 2020, for instance, Ian advisable Binance (BNB), at simply $17 per coin.
Lower than a yr later, on February 18, he bought the place for about $200. A acquire of 1,061%. That’s a 10X acquire in only one yr.
Right here’s a snapshot of that acquire…
In December of 2020, he advisable Solana (SOL). It was the quicker model of Ethereum (ETH).
It was buying and selling for beneath $2.00! Simply 5 months later, he bought half the place for over $34. That’s a acquire of 1,900%…
The opposite half has gone up as excessive as … 15,000% … 150-fold.
Ian advisable Terra (LUNA) the identical month, at simply $0.48. A mere $0.48!
4 months later, he advisable promoting half the place for over $19, a revenue of three,981%.
After which he bought the final half in December of 2021, only one yr after he purchased it, for $89. That’s a acquire of 18,325%.
That final funding is genuinely outstanding.
We now have letters from individuals who made some huge cash with that one commerce.
A man named Charles invested $835 and made a revenue of $54,000.
Edward turned $1,336 into $150,000.
And Linda turned $500 into $42,300.
If you wish to make these sorts of good points within the crypto market, that you must know the dangers and the rewards.
That’s why tomorrow, at 1:00 p.m., Ian is holding a particular presentation revealing particulars concerning the bitcoin halving and what he’s investing in.
I’ve reserved a FREE seat in your title. Simply go right here to say it.
Whether or not you’re a crypto fan or skeptic, that is some must-watch analysis.
Please, do your future self a favor and reserve your spot now.
CEO, Banyan Hill, Cash & Markets
