See What's Driving Demand for Cryptos

The 10 million bitcoin boom... Early in the technology adoption cycle... See what's driving demand for cryptos... Tokenization could be a game changer... Bitcoin and the U.S. dollar... Crypto.com Arena is coming soon...

Set your alarm for 2:23 a.m. Eastern time on January 11...

That's when a particular cryptocurrency is going to "halve"... that is, when the rate at which new coins are released into circulation will be cut in half. The process is built in to the way some cryptocurrencies work.

Importantly, during his "10 Million Bitcoin Boom" update last night, Crypto Capital editor Eric Wade predicted that this "halving" less than two months from now could unleash 10 million bitcoin worth of wealth. (If you missed Eric's update, you can watch the replay for free right here.)

To save you from doing the math... that's around $580 billion. Eric went on to say that the market that this coin focuses on could double after that – which would make it bigger than bitcoin is today.

Past halvings of bitcoin ‒ in 2012, 2016, and 2020 ‒ have triggered similarly huge rallies of 9,065%... 2,974%... and 617%, respectively. It's simple economics – new supply slowed, while demand has continued to rise.

In today's Digest, I (Kim Iskyan) will explain what's driving this new demand that will lead to higher coin pricing...

First, let's focus on what Eric said last night...

In short, Eric believes bitcoin and Ethereum are very likely to go a lot higher in the coming months and years...

He thinks bitcoin (now trading at around $58,000) will hit $1 million by the end of the decade, and he also thinks that it's just a matter of time before Ethereum (now at roughly $4,100) moves toward $10,000. (Eric first recommended Ethereum to his Crypto Capital subscribers when it was trading at $90.74.)

But neither of these two "blue chip" cryptos will increase by a factor of 10 within a matter of months. That's why in his presentation, Eric talked about an opportunity with far greater potential than bitcoin – which isn't scheduled to halve again until 2024.

That's the kind of upside that Eric is looking for – and finding. In fact, he has found "10X" winners 12 times over the past few years...

That's right... 12 of Eric's recommendations have increased by at least 1,000%. Some positions in the Crypto Capital portfolio have done even better... For example, Harmony (ONE) is up 3,990% since December 2019, and Polymath (POLY) has jumped 1,758% since May 2020.

The performance of the Crypto Capital portfolio has been so otherworldly that Stansberry Research has given the publication its own top five list of open recommendations at the end of every weekday issue of the Digest.

And now, as he announced last night, Eric has built a new model portfolio with six coins – each with the potential, he says, to jump at least 1,000%.

In fact, in his presentation, Eric also revealed the name of a small coin that he believes could move up 10-fold. It's available to everyone who watches the free replay right here.

The last time Eric gave away a pick like this was back in 2019, when he recommended Enigma (ENG) ‒ since rebranded as Secret (SCRT) ‒ for just $0.56. It has jumped as high as $10.59 ‒ an incredible gain of about 3,000%... That would've been enough to turn $500 into more than $15,000 in a little more than two years.

How is this type of upside possible with cryptos becoming more popular every day?

Well, according to Eric, the 'technology adoption cycle' suggests that cryptos are still in the early days…

As Eric wrote to Crypto Capital subscribers in December...

The technology adoption lifecycle shows how new technology gets adopted by different segments of society. Distributed across a bell curve, a small number of risk-tolerant innovators and early adopters dive in first. They're followed by the more conservative early majority. Last comes the very conservative late majority and laggards.

Many technological innovations don't expand beyond the relatively small group of early adopters. That's because the vast majority of consumers – who aren't particularly tech savvy – need to be convinced that a new iteration of a particular technology is materially better than what they already have... before they suffer through the hassle and cost of learning it.

Look at cellphones, for example...

There were significant technological improvements from the mid-1990s to the early 2000s... But for late-stage adopters, those changes were not significant enough.

Then came the jump from the flip phones of the early 2000s to the iPhone in 2007. The improvement represented by early smartphones was sufficiently significant for the more conservative users to "jump the chasm," as Eric puts it.

And as that happens... even the most tech-challenged, change-averse people surrender to technological innovation.

That's the kind of quantum leap Eric expects from the latest additions to the Crypto Capital portfolio...

Eric's new portfolio relates to the rapidly evolving universe of non-fungible tokens ("NFTs").

Today, the technology underpinning NFTs is driving the development of a wild market in pixelated art that sells for huge amounts of money... Some examples include "unique" video clips attracting millions of dollars that are available for free on YouTube... or virtual land available for thousands of (real) dollars in virtual cities.

As I wrote yesterday, these virtual collectibles represent some wild, free-money speculation... But they also might be helping the blockchain find its best-use application.

That's right, far more enduring than overpriced pixelated images is how the NFT market could allow the "tokenization" of real-world assets and change how we view assets, investment, and diversification... and even how we interact with money.

These NFTs could usher in a revolution in investment and finance – for starters. And over the long run, they could unlock all sorts of value. As I wrote in yesterday's Digest...

What that means is this... With the actual item safely stored, ownership could be fractionalized – want to own 1/5,000th of a Rembrandt? – and traded as a token on the blockchain.

Creating liquidity for an asset makes it possible to get a better sense of its value and allow an entirely new investor base to buy ‒ for example ‒ a piece of a 1962 Ferrari 250 GTO (sold for $48 million)... or a little bit of a trophy penthouse on 432 Park Ave. in New York City (listed in July for $169 million)...

It's already happening...

Total transactions of NFTs were worth $10.7 billion in the third quarter... That's up nearly fourfold from all sales in the first half of the year. And adoption of the technology in other realms – via some of the coins in Eric's new portfolio – is still in the early stages.

Bitcoin is leading the adoption of the blockchain technology...

As people grow comfortable with cryptos, in general – and bitcoin, in particular – as currencies, their value will continue to rise. That's happening as we speak... Bitcoin is up 225% over the past year.

The herds are slowly moving in... A survey from this past summer revealed that 13% of Americans reported having traded in cryptocurrencies over the past year. As a result, the big international banks and major hedge funds are scrambling to establish platforms for trading cryptocurrencies.

The next step in bitcoin (and, in time, other cryptocurrencies) is when the most conservative investors ‒ like those folks who were last to jump from flip phones to iPhones ‒ dip their toes into the market... And that's happening today.

One recent example happened in Houston... The city's $5.5 billion firefighters' retirement fund announced in late October that it bought $25 million worth of bitcoin and Ethereum.

That's a small allocation, of course... But the point is, if just some pension funds, endowments, and other big institutional investors made only a small investment in cryptos, it would still represent a huge inflow of funds into the market.

Bitcoin and other cryptos are also gaining ground as currency...

As the global reserve currency, the U.S. dollar reigns supreme... Roughly 80% of all $100 bills in circulation are now held overseas. That's up from only 30% in 1980.

This dramatic increase of large bills outside the U.S. is a testament to the confidence that the rest of the world recognizes in the dollar... except it's not forever.

Before the U.S. dollar, the currencies of five countries enjoyed "reserve currency" status. On average, each lasted less than a century.

Right now, the dollar's run as a reserve currency has gone on for about that long. Fortunately for the dollar, no other national currency seems poised to take the U.S. dollar's place.

But what about bitcoin taking that seat?

Probably not anytime soon... But in a world of higher inflation and rampant central bank money printing, a currency that's structurally impervious to high inflation and politically driven bankers sounds pretty attractive.

We'll wrap up today with another sign that crypto adoption is hitting the mainstream...

A big-time name change.

The Stansberry NewsWire team reported some interesting news yesterday...

Cryptocurrency exchange Crypto.com has secured a naming-rights deal for the Los Angeles arena currently known as the Staples Center. According to a report from the Financial Times, the deal will be worth about $700 million over the next 20 years.

That's big news.

But in reality, the name change to the home of the Los Angeles Lakers and Los Angeles Clippers professional basketball teams is just the latest crypto-related deal with high-profile, mainstream partners. More from the NewsWire team...

The Staples Center isn't the only arena switching to crypto branding... Crypto exchange FTX bought the naming rights for the American Airlines Arena, the professional basketball arena in Miami. And Crypto.com is even an on-ice sponsor for the National Hockey League's Montreal Canadiens.

It's easy to forget that just a few years ago, bitcoin and cryptocurrencies dwelled in a dark corner at the intersection of speculation, currency, and technology.

That's not the case anymore... Bitcoin and Ethereum are almost everywhere you look.

And now, as Eric has detailed, NFTs – and the technology they use – are the next stage in the adoption of the blockchain throughout the economy, the culture, and our way of life.

One day years from now – and perhaps much sooner – we'll look back at this as a turning point. So I'll leave you with this simple piece of advice today...

Don't let this opportunity pass.

Watch the replay of Eric's special event. You owe it to yourself to make sure you're positioned well to capitalize on the growing acceptance of cryptos and NFTs in our society.

New 52-week highs (as of 11/17/21): Automatic Data Processing (ADP), Richemont (CFRUY), Cintas (CTAS), Comfort Systems USA (FIX), Fortive (FTV), Formula One Group (FWONA), Home Depot (HD), indie Semiconductor (INDI), iShares U.S. Home Construction Fund (ITB), Knowles (KN), Lennar (LEN), Liberty SiriusXM (LSXMA), Rayonier (RYN), The Shyft Group (SHYF), Teradyne (TER), Trex (TREX), Tata Motors (TTM), Verisk Analytics (VRSK), and Waste Management (WM).

For the most part, our mailbag is quiet today. But we did hear from some folks who had trouble accessing Eric's "10 Million Bitcoin Boom" update from last night. If that applies to you, you're in luck... For a limited time, you can watch the entire replay for free right here.

Happy investing,

Kim Iskyan Ashton, Maryland November 18, 2021