"The holy grail for bitcoin is no secret" said Teeka Tiwari - Palm Beach Letter editor
The truth is the holy grail for bitcoin is no secret. You heard it here first from Palm Beach Letter editor Teeka Tiwari. Teeka noted that in 2017, the Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE) launched bitcoin futures and options products. He went on to say:
The CME and CBOE just paves the way for what I think will be an even bigger event. And that’s a launch of a new bitcoin exchange-traded fund (ETF). And that will be huge. An ETF will make it as easy to buy bitcoin as it is to buy a stock. With just one mouse click, you’ll own bitcoin.
It’s the same conclusion JPMorgan reached in its report.
They concluded that a bitcoin ETF would be the holy grail for investors as it would give them easy access to bitcoin in a liquid and safe market. And like Teeka, they think the launch of bitcoin futures and options paves the way for a bitcoin ETF.
What to Do Now ?
If you haven’t bought bitcoin already, you could just wait for an ETF to come out. Of course, by the time an ETF comes out, the price will likely have run up in anticipation.
Right now, there are 10 bitcoin ETFs waiting for approval. It’s only a matter of time before one gets approved. So the smart move is to buy bitcoin directly, before the crowd rushes in. Wall Street’s acceptance of bitcoin is just one of countless signs that bitcoin is here to stay.
And when the big money starts buying into this market, last year’s gains will look like a small blip… In fact, on April 2, a massive shift in how big institutions treat bitcoin will take place. And it could result in a 3,400% gain from today’s prices.
If you’re new to the bitcoin craze and you’re thinking about investing, the first thing you have to do is figure out what it is. If you can’t explain what bitcoin is to your mom or your neighbor and why you’re investing in it and why you think it’s a good investment, then it’s too soon for you to put your money in.
But with an investment like bitcoin, no one really knows where it’s going to go. It could go to $150,000. But it could also go to zero.
The Palm Beach Confidential review has more in-depth information about investing into cryptocurrencies.
To find out more about your options check out the review of Teeka Tiwari Palm Beach Confidential Newsletter.