This comes from a Crypto newsletter I suscribe to...it is called Palm Beach... anyway, I think the rationale makes sense on How Crypto could be accepted by mainstream Wall Street.. interesting read ------------------------------------------------------ Dear John, Friends, this may be the most important alert I send you all year. Please pay attention. Today, I’m going to give you the big-picture view on bitcoin’s future. And when I’m done, I’m going to raise the buy-up-to price. I know what you’re thinking… “Again? Isn’t Teeka just chasing the price?” No. In fact, it’s the opposite. I just returned from the “Consensus: Invest” conference in New York City. It was a gathering of 600-plus institutional investors, hedge funds, money managers, and banks. In other words, the big money. I’ve come to a conclusion… Despite my bullishness on bitcoin, I’ve been too conservative. And I’ve woefully underestimated the amount of institutional money coming into the space. There’s a narrative developing among these Wall Street firms right now. You’re going to hear about it all through 2018. And it’s going to bring a stampede of money into cryptocurrencies. I’ll share that narrative in a moment. But first, you need to understand a very important point. The short-term price movements in bitcoin don’t matter. Bitcoin could go to $4,000 tomorrow. I don’t care. Bitcoin could go to $15,000 tomorrow. I don’t care. I focus on the big picture. And those moves are small compared to what’s coming. I care about getting the big moves right. I don’t fret over the small moves. That’s why we’ve been able to ride bitcoin from $450 to over $11,000. And even though we’ve come as far as we have with bitcoin, there is still much more upside ahead. By next year, I think we will see bitcoin at $25,000. (I’ll get to why in a moment.) Between now and then, we’re going to see many more volatile drops. The mainstream media is going to put out scary headlines. And you’re going to doubt your investment in bitcoin. I don’t want you to get shaken out. I don’t want you to worry if you don’t get the absolute best price. Like I said, you just need to know one thing: The short-term price movements in bitcoin don’t matter. It’s all about the big picture. And in the big picture, bitcoin and cryptocurrencies are going higher. I spent 15 years on Wall Street. I know how institutional money works. And what I see developing tells me the floodgates are about to open. Let me explain… A New Narrative Is Emerging The main criticism of bitcoin is that it’s too volatile. The Establishment sees this as a problem because low-volatility portfolio models are what drive Wall Street. You see, Wall Street makes its money by holding onto your money as long as possible. They deliberately try to tamp down volatility to lull clients into a false sense of security. When values swing around too much, clients get scared and start to pull their investments. Wall Street hates this. Remember, they make their money by holding on to your investment dollars. Naturally, with bitcoin being so volatile, it hasn’t fit into the Wall Street mold. But that’s changing. Study after study is coming out showing that bitcoin is uncorrelated to other assets. Here’s what that means… Assets that are correlated move together in price. And assets with inverse correlation have prices that move in opposite directions from each other. Uncorrelated assets are unaffected by the forces that affect correlated and inversely correlated assets. Why is that important? One of the tricks Wall Street uses to tame volatility is building portfolios with inverse correlations. For example, when stocks go down, bond prices usually go up. That’s a major reason most money managers tell you to own stocks and bonds. It has little to do with delivering great advice tailored to your needs. They just want to keep the volatility down so they can milk your investment account for 40 years of fees. So, what does this have to do with bitcoin? Wall Street is starting to realize that bitcoin is uncorrelated to any other asset. That means the price of bitcoin is unrelated to the price of gold, stocks, bonds, or commodities. In that context, bitcoin’s volatility goes from being a foe to a friend. We envision Wall Street’s pitch will be that by adding a 5% allocation to bitcoin and cryptocurrencies, you can actually bring down the volatility of your entire portfolio because bitcoin is unaffected by market crashes, monetary intervention, recessions, or wars. Here’s how we think it’s going to play out. In the near future, we’re going to see an endowment or pension fund add bitcoin to its portfolio. It won’t be a large stake in its portfolio, but that won’t matter. It’ll explain that it’s using bitcoin as a non-correlatedhedge to smooth out volatility. When that happens, watch out. Wall Street will grab on to the non-correlated narrative and run with it like a dog with a stolen pork chop. I’ve seen this play out before. Institutions did it with the “Nifty Fifty” in the ’70s. They did it with junk bonds in the ’80s. They did it with internet stocks in the ’90s. And they did it with credit default swaps in the ’00s. At first, they’re considered crazy investments. Then a new narrative takes hold and institutions start using them, and they get legitimized. Before long, everyone on the Street is using the product. It will be the same for bitcoin. And that’s why I need to raise the buy-up-to price now, while there’s still an opportunity for you to get in. The rush is coming. Action to Take: Buy bitcoin (BTC) up to $25,000.
Gold 100k an oz was also coming, also pimped by drooling sycophants dude you 'subscribe' to this ? you pay money for it? or is it free?
I tried it for a very small fee on trial , then canceled... you are missing the point. the author is saying that he believes Wall street advisors will recommend to clients they put a small portion of their $ into Crypto, as it is a whole new asset class and does not move along with stocks, bonds, etc.... this could mean then that alot of new investors put money into cryto, big inflow... it is only one person's opinion... that's all
John (nice name, btw), On Reddit it's been described as "the herd is coming". It's not only one person's opinion. At least 2 other ones below: "– let's say your doubt is a fraction of 1 percent – then put a fraction of 1 percent of your money in something outside of the system." https://www.barrons.com/articles/q-a-why-a-value-investor-decided-to-buy-bitcoin-1511810246 "Mike Novogratz, a former macro hedge fund manager at Fortress Investment Group, said in a Reuters Investment Summit earlier this month that mainstream institutional investors were about six to eight months from adopting bitcoin." http://www.nasdaq.com/article/bubbl...000-after-1000-surge-in-12-hrs-20171129-00766
The newsletter said: "I don't care if BTC goes to 4K." Well, why wouldn't they? If they knew it goes there they should sell now and buy back at 4K. This newsletter could have been written by any other crypto owner/maker: and it just says: buy my crypto.
DON'T touch it! If you haven't seen all youtube videos of Andreas Antonopoulos. {if you are here just for speculation and getting rich: walk away!} https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ
guys, reading some articles I found some cryptocurrencies to invest BITCOIN LITECOIN ETHEREUM TRADER DOGECOIN do you recommend me these cryptocurrencies?