Where the 'Real Money' Is Going Today

Thousands went 'beyond bitcoin' today... The case for cryptos... 'The greatest measuring stick that mankind has ever created'... Where the 'real money' is going today... The infrastructure bill will pass – eventually...

Thousands of viewers tuned in...

We're talking about the audience for Crypto Capital editor Eric Wade's brand-new "Beyond Bitcoin" event, which went live earlier today. And those viewers enjoyed a treat from one of the brightest minds in the crypto world...

In short, Eric laid out pretty much what everyone should know about cryptocurrencies today.

He detailed why bitcoin and other cryptos have quickly started to catch on in the mainstream... and what everyday Americans can do to make sure they aren't left behind as tremendous amounts of wealth are created in a new era of money.

If you missed the first showing of Eric's event, you can still watch a full replay right here.

We'll share just a few highlights in today's Digest...

Eric started off talking about the state of the U.S. dollar today... It's weakening, as it has been for decades, as the government "prints" and spends more and more money. He also discussed how bitcoin, with its fixed supply, is sort of an antidote to a weaker dollar.

As Eric said...

The No. 1 rule of money is to facilitate barter transactions. That's why I don't need to trade chickens for wheat... I can use money to buy it instead.

The second most important role money plays is as a form of information. Money and price inform entrepreneurs, creditors, savers, and investors about what people want and need at any given time. Where prices go up, it attracts capital, and capital builds supply, [and] that supply produces the goods that are in demand.

The big problem with money printing and the inflation that results is that it completely screws up that whole pricing mechanism.

Eric brought up the overstretched valuation of electric-car maker Tesla (TSLA) and the GameStop (GME) bubble and other speculations on heavily shorted stocks as two recent examples, though there are plenty to point out.

In this context, Eric said the bitcoin story is much bigger than most people realize...

Bitcoin's explosive rise in popularity comes from reasons that stretch well beyond the stock market or financial system... some of these reasons that many people buying bitcoin might not even realize.

The money created by inflated stock valuations or speculative gambles on Robinhood, for instance, is often wasted energy, Eric says. And that's a sign of a broader, troubling trend...

Those things are not going to productive uses... It makes the economy less and less productive over time. And ironically, the same rottenness or mal-information occurs socially...

In an inflationary society, people start doing the wrong things, there's less incentive to work and to save... People just demand more and more handouts. Society becomes much more immoral, you see lots more unemployment and lots more petty crime...

Social bonds begin to fray and people riot because people don't believe in the reality of society or economy anymore. They see it all as a mirage. Why? They see the guy who got rich overnight without doing anything that helped anybody. And they see this guy who no matter how much he worked and saved, his wages could never keep pace with inflation.

This is why many of the world's richest people and institutional investors, as we've reported in the Digest over the past year or so, are trading more and more U.S. dollars for bitcoin – and in turn, putting trust in this decentralized system – than ever before.

It's in response to previously unimaginable central government policies that are only accelerating, if anything. (Take today's $2 trillion U.S. infrastructure bill proposal as the latest example... It comes with a proposed 15 years of higher taxes for corporations.)

Don't get us wrong, much of this specific proposal may end up creating jobs for folks (as we'll discuss later in today's Digest)... But higher taxes on dollar-driven businesses certainly don't do any favors for any company that makes income either.

Bitcoin, in the meantime, is what a currency should be...

Eric told viewers that during today's event, alluding to bitcoin's fixed cap of 21 million and regularly scheduled "halving" events to keep inflation low. As we've detailed here in the Digest before, it's all designed into bitcoin's code. More from Eric's presentation...

Bitcoin takes the control of money supply out of the hands of politically influenced bankers and instead entrusts it to the unbreakable laws of math. It can't be stretched or watered down or manipulated...

It's the greatest measuring stick that mankind has ever created...

We've finally reached the moment where more and more smart people are recognizing the potential of cryptos, as well as the writing on the wall for the U.S. dollar...

The potential money that's there to be made is really anyone's for the taking.

At its core, bitcoin and other cryptocurrencies can level the playing field for so many folks, according to Eric. And they are available to anyone with an Internet connection.

But frankly, taking part in this leveling of the field can only be true if you are playing the game in the first place. And we know that can be hard to do... or is at the very least daunting for a lot of folks.

After all, more than 5,000 'investable' cryptos exist in the world today...

But many of them aren't worth touching... or carry more risk than others.

This is why Eric spends so much of his time educating his subscribers in the opportunities not only in bitcoin, but in all other cryptos behind the world's most popular one.

It's how his Crypto Capital model portfolio currently has eight 1,000%-plus winners and 15 other positions with triple-digit gains. There is indeed an entire world beyond bitcoin that most people have not realized yet, or certainly don't understand.

But once you understand the growing demand for bitcoin today – and as we've explained, more and more people are – it opens up an entirely new window to these new opportunities, most of which are rooted in the underlying blockchain technology that powers bitcoin.

If you really want to take advantage of a once-in-a-generation wealth-creating event – the everyday American's best shot at taking control of his financial future today – Eric says this is the idea that is critical to understand...

That's where the real money is these days.

It's how he arrived at spotting six little-known cryptos beyond bitcoin that he says could return early investors as much as 10 times, their money as the rest of the world catches on to them. Think of these cryptos like the Microsoft (MSFT) or Apple (AAPL) of blockchain...

'But it's too hard,' many people still say...

Early this morning, Eric also alerted existing Crypto Capital subscribers and Alliance Partners of updates to several special reports in his service – including "How to Buy Your First Bitcoin" and "How to 5X Your Money on Crypto Through Your Brokerage Account."

These reports are jam-packed with terrific information you won't find anywhere else. If you're a subscriber, you can access them right now. And we want to address just one basic idea here today...

It's the mistaken belief that all this crypto stuff is still too hard or "not for me."

Eric urges folks to NOT think that way... It might be more of a risk to your money to not do anything at all.

In the "5X" report, Eric acknowledges that while bitcoin has exploded in popularity over the past nine months, millions of people have watched the crypto's spectacular rise from the sidelines because they don't know the answers to the basic questions about them. But as Eric says...

We're still early. It's still hard for beginners.

You can buy some cryptocurrencies with a debit card or credit card, but what do you do with it after that? How can you transfer it? Where do you store it to ensure it's safe and secure?

Those are all legitimate questions... They're the right questions that anyone should be asking with a new technology. They shouldn't scare you. And here's the takeaway...

Eric emphasizes that those who take on the challenge to learn about a technology he believes will "reset" the financial system and many other industries can reap big rewards along the way. More from Eric's report...

[Bitcoin] suffers from what I call the "I don't want to learn something new" problem.

Breakthrough technologies always face that hurdle. But after decades as a stockbroker, crypto trader, and crypto miner, I've come to see hurdles as signposts. When something is hard to use or acquire but it's still growing rapidly... that means it's doing things that no other service or technology can do.

The trick to making five times... 10 times... or even 100 times your money with breakthrough technologies is getting in before it's easy. You have to learn something new long before anyone else is willing to put in that effort.

This can be a counterintuitive thought to a lot of new investors. But it's a critical idea to understand – with cryptos or anything else.

You don't typically make 1,000% gains overnight in any worthy long-term investment. And if you do, there's a decent chance you're smack-dab near the top of a speculative bubble... which typically doesn't end well for most people.

So again, if you haven't taken the time to learn about bitcoin or cryptos in general, please know that it's not too late yet. And in our opinion, as biased as it might be, the best guy to follow is Eric... Click here to watch the replay of his latest event right now to see why.

(Existing Crypto Capital subscribers and Alliance Partners, be sure to check out the latest research Eric is sharing and your updated research reports right here.)

Before we go today, let's talk about the headline news of the day...

In short, we want to note that you're going to hear a lot about "infrastructure" over the next several months.

As we neared press time for the Digest today, President Joe Biden was laying out details of the proposed, massive infrastructure bill during a speech in Pittsburgh... The symbolism of the Steel City and the backdrop of a carpentry training center wasn't lost on anyone.

Biden's proposal includes eight years of spending plans, a corporate tax hike to 28% (up from 21%, a rate that it was cut to by Republicans in 2017) to fund it over 15 years, and allocating hundreds of billions of dollars to various projects.

As Stansberry NewsWire analyst Nick Koziol reported this morning, here's how the spending would be broken up, according to CNBC...

• $621 billion into transportation infrastructure. This includes things like roads, bridges, and electric-vehicle development.

• $400 billion in funding to care for elderly and disabled Americans.

• $300 billion in affordable housing and upgrading schools.

• $300 billion for expanding broadband access and upgrading electric grids.

• $580 billion in job training and manufacturing research and development.

There is no doubt that many parts of the U.S. and large swaths of the economy are well overdue for infrastructure upgrades. In fact, Nick reports that much of the money in this bill could go to projects that have been previously called for...

In its most recent report card, the American Society of Civil Engineers gave U.S. infrastructure a grade of C- for 2020. While that's up from the D+ grade in 2017, it's hardly a ringing endorsement of the country's infrastructure system.

And the Department of Transportation estimates that there is a backlog of $800 billion worth of infrastructure projects.

Biden's bill would first focus on wiping out some of this backlog, according to Transportation Secretary Pete Buttigieg. And it would likely provide thousands of "shovel ready" jobs to boost the economy.

That's great news for the folks who will get those jobs and the companies involved in projects like these...

At the same time, in the bigger picture of our economy, we're basically looking at higher taxes on corporations... and more government spending – including at least a few billion dollars to go to "retrofitting" previous spending on now outdated affordable housing.

Anyone who has been with us for any length of time knows what we think about the long-term consequences of policies like this. It actually goes hand in hand with a lot of the themes that Eric talked about in his "Beyond Bitcoin" event this morning.

But no matter what anyone thinks of this bill, here's the takeaway we want to share, at least for today...

The reality is that this bill will pass – eventually...

It's just a matter of what it looks like and how long it takes.

The discussions will probably start with public calls for bipartisanship... but we're willing to bet that path won't be realized.

As Nick explained, the terms of the bill will likely be a hard sell to members of Congress on both sides of the aisle, but especially Republicans.

But much like how the American Rescue Plan ("ARP") passed, Democrats have the ultimate option of passing this bill through Congress – where they hold majorities – through the "budget reconciliation" process... That wouldn't require a single Republican vote.

We talked about 'reconciliation' ahead of the American Rescue Plan...

Under law, "reconciliation" can be used by the Senate once a fiscal year to cover legislation in each of these three areas – spending, revenue, and the federal debt limit.

With at least two of those areas covered in the ARP bill and barring any changes to Congressional policy, the earliest the slate would wipe clean again would be on October 1... That's the start of the next federal government fiscal year.

This is why Democrats did not include more social programs as part of this spending bill proposal, according to NewsWire editor C. Scott Garliss. "They wouldn't be able to pass it via reconciliation," Scott told us today. But they could, given how it's currently set up.

This is also why the current proposal is a "scaled down" version of the previously reported $3 trillion or $4 trillion price tag.

In the other option, if Democrats want to pass this bill – or something close that's focused strictly on money – before October, they will have to get at least some bipartisan support.

With the plans being unveiled today, the last day of March, we don't think Biden and the Democrats want the conversation to drag on for six months... But there's a good chance that is precisely what happens.

Stay tuned.

The IMF's Hidden 'New Money Layer'

The International Monetary Fund's special drawing right (SDR) – the international reserve asset created in 1969 to prepare for a new dollar crisis – is undergoing a renaissance with important worldwide repercussions, according to Willem Middelkoop, author of The Big Reset.

"The announcement of the largest-ever increase in SDR allocations, which will greatly improve the liquidity of many developing nations, signals alignment between the U.S. and China in a key area of global monetary power," he tells our colleague Daniela Cambone.

Click here to watch this video right now. For more free video content, subscribe to our Stansberry Research YouTube channel... and don't forget to follow us on Facebook, Instagram, LinkedIn, and Twitter.

New 52-week highs (as of 3/30/21): Comfort Systems USA (FIX), Home Depot (HD), Markel (MKL), and U.S. Concrete (USCR).

In today's mailbag, a question about Eric's "Beyond Bitcoin" event. Do you have a question or comment? As always, e-mail us at feedback@stansberryresearch.com.

"Hello, I registered for Eric Wade's critical briefing on bitcoin yet unfortunately I didn't have the time to view it this morning. Is it possible to email me the recording or will there be another time to view it? Please let me know?" – Paid-up subscriber Allan R.

Corey McLaughlin comment: We've gotten this question a few different ways – including from people in other parts of the world... West Coasters who didn't want to get up early to watch... or folks simply tied up with work.

So, yes, we do have some good news for you... As we said above, you can watch a full replay of Eric's event at your convenience right here.

All the best,

Corey McLaughlin
Baltimore, Maryland
March 31, 2021