Now, there are three reasons why you need to get into bitcoin today:
The country’s banking system had been battered by bad loans. In order to save the banks, the government confiscated as much as 47% of people’s wealth via so-called “bail-ins.”
As a result, people scurried to move their money outside traditional currencies... and bitcoin soared.
1.Tight supply – supply is tight.We are expecting BTC halving next year. You see, the big players don’t buy their bitcoin on an exchange like you or me. They use off-market brokers where they can buy large quantities without unduly influencing the price. And right now, there’s almost nothing available to buy.
2.Bitcoin ETFs – three groups were vying to gain regulatory approval for bitcoin ETFs
Investment firm Need-ham estimates a bitcoin ETF could attract $300 million in capital in the first week alone. Now, even though the SEC ruled against
these bitcoin ETFs, we expect bitcoin ETFs to eventually gain approval. Meanwhile, as the fight for an ETF continues to play out, use any price weakness as a buying opportunity.
3.Currency crises and the War on Cash – As the bolivia crumbled in 2016, Venezuelans turned to bitcoin. When India banned 86% of outstanding cash, Indians turned to bitcoin. This year, there are major elections in the Netherlands, France, and Germany. And the nationalist movement and Brexit are still fresh in the minds of all Europeans. So we expect the bitcoin trend to continue.
The country’s banking system had been battered by bad loans. In order to save the banks, the government confiscated as much as 47% of people’s wealth via so-called “bail-ins.”
As a result, people scurried to move their money outside traditional currencies... and bitcoin soared.
1.Tight supply – supply is tight.We are expecting BTC halving next year. You see, the big players don’t buy their bitcoin on an exchange like you or me. They use off-market brokers where they can buy large quantities without unduly influencing the price. And right now, there’s almost nothing available to buy.
2.Bitcoin ETFs – three groups were vying to gain regulatory approval for bitcoin ETFs
Investment firm Need-ham estimates a bitcoin ETF could attract $300 million in capital in the first week alone. Now, even though the SEC ruled against
these bitcoin ETFs, we expect bitcoin ETFs to eventually gain approval. Meanwhile, as the fight for an ETF continues to play out, use any price weakness as a buying opportunity.
3.Currency crises and the War on Cash – As the bolivia crumbled in 2016, Venezuelans turned to bitcoin. When India banned 86% of outstanding cash, Indians turned to bitcoin. This year, there are major elections in the Netherlands, France, and Germany. And the nationalist movement and Brexit are still fresh in the minds of all Europeans. So we expect the bitcoin trend to continue.