Cryptos Set for Comeback this Year?

By Matthew Milner, on Wednesday, September 11, 2019

One of the most hated assets in the world right now is crypto-currencies — and with good reason:

Over the past 18 months or so, the crypto market has collapsed by 80% or more.

But surprisingly, a group of “insiders” is still pouring money into this market.

Are they blindly optimistic? Foolish? Crazy?

Let’s take a look at what they’re up to, and then you can be the judge.

For Most Investors, the Pain Won’t Stop

For most investors, the crypto market has been the source of great pain lately.

For example, earlier this year, bitcoin was down more than 80% from its all-time high…

And Ethereum and Ripple were down more than 90%.

That explains why most mom and pop investors are too scared to touch cryptos right now.

But perhaps surprisingly, the fundamentals of this market are only getting stronger.

And that’s why the “insiders” are more bullish than ever…

Insiders Lead the Way

For example, the world’s leading tech and financial companies, as well as many sovereign governments, have changed their tune…

A few years ago, folks like Jamie Dimon, the CEO of J.P. Morgan, were calling bitcoin a “fraud.” But today, they’re predicting a bright future for cryptos — and they’re putting their money where their mouth is by investing heavily in this market.

Case in point, check out some of these recent headlines:

  • Just two weeks from today, the company that operates the New York Stock Exchange is launching a bitcoin exchange called Bakkt. Now investors will have a place to buy and store bitcoin that's as trusted and secure as the NYSE itself.
  • And Bakkt is just the beginning. For example, Fidelity is working on a similar platform; TD Ameritrade and E-Trade will soon offer crypto trading; and Goldman Sachs is diving into blockchain security.
  • Facebook recently announced its digital currency, Libra. CNN said this could “change global commerce and finance.” After all, with Facebook’s userbase of 2.4 billion people, Libra could soon become the most widely used currency in the world.

Meanwhile, in recent government news:

  • Bitcoin set a trading record in Venezuela, as it continues to prove its value in the face of political turmoil.
  • Forbes reported that a bill is moving through the state legislature of New Hampshire that would allow citizens to pay their taxes in bitcoin.
  • The SEC recently removed the need for many investment companies to seek permission to bring new crypto ETFs to market. With experts predicting that a bitcoin ETF could drive up BTC prices by 10x or more, this could be a game-changer.

With headlines like these — and with well-respected tech leaders like Twitter CEO Jack Dorsey saying he expects bitcoin to become the “currency of the Internet” — it’s getting harder and harder to imagine a future without cryptos.

You Could Still Make a Fortune with Cryptos

As you just learned, crypto prices are down, but their fundamentals are stronger than ever.

But as investors, this leaves us with important questions:

Will improving fundamentals lead to higher prices?

And if so, should you start putting money into cryptos today, before prices make a move?

So, tomorrow, Wayne will reveal three strategies you could use to potentially make money from cryptos right now — whether prices rise, or even if they continue to plummet.

Stay tuned!

Best Regards,


Founder
Crowdability.com

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