Raising the Buy-up-to Price of Bitcoin (BTC)

Dear friends

April 26, 2017, marked a pivotal moment for bitcoin. In fact, I think we’ll look back on that day as an inflection point for the world’s largest cryptocurrency.

Since then, we’ve seen the price of bitcoin increase nearly $300, a move of over 20%. Bitcoin’s market cap now exceeds $25 billion.

In my opinion, that’s still too low of a value for this world-changing technology.

You wouldn’t have found out what happened on April 26 reading The Wall Street Journal. It’s not even on their radar.

The pivotal moment I’m referring to is Litecoin’s activation of SegWit. Without getting technical, SegWit is Bitcoin Core’s solution to scale bitcoin. It will allow for more transactions to be processed while keeping fees low.

Litecoin is the testing ground. If all goes well, I expect bitcoin will adopt SegWit too. And that’s a big deal.

Why? Institutional investors are chomping at the bit to get into bitcoin. But the scaling issue is causing too much uncertainty. Once SegWit gets activated, that uncertainty will be removed, and we’ll see a new flood of money into bitcoin.

And the best way is to own some bitcoin.

This is an incredibly bullish setup for bitcoin.