From Wild West to Wall Street – Crypto Is Now Mainstream

Watch Where the Puck Is Headed                                                                                                                                                                                                                                                                                                                                                                                                                 August 12, 2024 | [Listen Online]( | [Read Online]( [Teeka Tiwari]( & Houston Molnar [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20The%20Digital%20Asset%20Daily&body=From%20Wild%20West%20to%20Wall%20Street%20%E2%80%93%20Crypto%20Is%20Now%20Mainstream%3A%20Watch%20Where%20the%20Puck%20Is%20Headed%0A%0Ahttps%3A%2F%2Ftiwariresearchgroup.com%2Fp%2Fwild-west-wall-street-crypto-now-mainstream) From Wild West to Wall Street – Crypto Is Now Mainstream Houston Molnar “I wanted to buy 100 bitcoin miners. But the company doesn’t deal in sizes that small anymore…” Those were the words of despair I heard from a frustrated customer trying to purchase mining rigs at the expo hall of Nashville’s Music City Center. They summed up the state of the industry perfectly. Here’s what I mean by that… Last month, I attended Bitcoin 2024 in Nashville. It’s the world’s largest bitcoin conference. An estimated 35,000 people converged on Music City to attend the event, which had 1.5 million livestream viewers. The conference had six stages featuring 444 speakers, including former President Trump. And there were more than 200 booths representing hundreds of crypto projects. So when I say this is the biggest bitcoin conference in the world, I’m not kidding. I attended my first bitcoin conference in June 2021. And in three short years, things have changed a lot. The atmosphere back then was much more like a carnival show. The conference was held at the Miami Beach Convention Center. Floyd Mayweather, one of the greatest boxers of all time, hawked his own token at the conference. And legendary skateboarder Tony Hawk performed on a half-pipe in the conference center parking lot. Back then, you could also order fewer than 100 miners. In retrospect, Bitcoin 2021 was near the height of the last bull cycle – when king crypto ran from a low of $4,000 the year prior to $65,000 just before the conference started. It also signaled a changing of the guard. Gone are the Wild West days of the crypto bros and geek squads running the show. For better or worse, Wall Street is now driving the train. And where Wall Street goes, billions of dollars follow. From Wild West to Wall Street If you’re not familiar with me, my name is Houston Molnar. I’ve been Teeka’s chief crypto analyst since 2019. One thing I’ve learned From Teeka is that you can’t find life-altering investments pinned behind a desk, thumbing through financial reports… You have to do boots-on-the-ground research. You have to travel the world, meet the players, and look people in the eye if you want to dig up great ideas before anyone else. When I attended Bitcoin Miami in 2021, most people wore shorts and flip flops. This year, there were more suits and ties in attendance. The keynote speakers in 2021 were former Twitter CEO Jack Dorsey, former MicroStrategy founder Michael Saylor, and Miami Mayor Francis Suarez. In Music City, the keynote speaker was former President Donald Trump. You don’t get any bigger than that. In Miami, the primary market movers were boutique offices and venture capital firms that specialized in blockchain projects like Sequoia Capital and Polychain Capital. They manage roughly $90 billion dollars. In Nashville, the primary market movers are Wall Street juggernauts like BlackRock, Fidelity and VanEck. All three were represented at the Music City Center. Combined, they have roughly $15 trillion in assets under management. Whether you like it or not, Wall Street now has a seat at the table. The good news for early adopters like us is they’ll bring millions of their customers and billions of dollars of their capital to the table with them. In the process, they’ll take up crypto prices to levels we have never seen before. Think of it this way… The 2021 bull market was primarily driven by retail investors. If a top crypto VC invested a few million dollars into a project, it could push prices multiples higher. Today, the space is dominated by big money managers like Blackrock, Fidelity, and VanEck. And they’re launching multiple crypto-related exchange-traded funds that will expose millions of new investors to this asset class. Right now, there are 11 bitcoin ETFs and 9 Ethereum ETFs. Combined, they have $51 billion and $7 billion, respectively, in assets. To put those figures in perspective, it took gold ETFs five years to cross $50 billion in assets under management. Pension funds, sovereign wealth funds... They’re all getting into this asset class. And Wall Street will be there with new products for them. Just last week, Morgan Stanley gave its 15,000 wealth advisors the green light to sell bitcoin ETFs to their clients. Those advisors manage about $3.75 trillion in assets. And last month, JPMorgan allowed its wealth advisors to offer bitcoin ETFs to their clients. JPMorgan’s wealth management division oversees $630 billion in assets. If retail investors drove bitcoin to an all-time high of $69,000… What will all this Wall Street buying do? Teeka believes we will see bitcoin hit a high of at least $150,000. Despite the flood of money headed to this asset class, many altcoins are still priced below last bull market’s highs. Considering the buying pressure we’re about to see, that presents an incredible opportunity for you. But it won’t last long. Watch Where the Puck Is Headed – Not Where it Is Now There’s a quote from Wayne “The Great” Gretzky that’s so famous it’s now cliché. Yet, it perfectly sums up why I believe we’re still early in this crypto bull market cycle. Gretzky once said, “I skate to where the puck is headed… Not where it has been.” Looking at new-hire demographics… Most new employees are either Millennials or Gen Z. This is important because 60% of Millennials and 23% of Gen Z hold crypto assets. According to the U.S. Census Bureau, Millennials make up about 22% of the population, and Gen Z makes up 20%. Combined, they’ll eventually account for nearly 50% of the workforce. One study from deVere Group, an independent financial advisory, reported that more than two-thirds of millennials prefer bitcoin over gold as a safe-haven asset. You also might be surprised to learn that nearly 1 in 4 Millennials has saved $100,000 or more. That’s because the average millennial started saving for retirement at 24. Compare that to baby boomers… who didn’t start saving until 31. Innovations like auto-enroll 401(k)s and easy-to-use smartphone apps have made saving and investing easier than ever. And unlike the baby boomers, they grew up in the computer age… with tech literally in the palms of their hands. So if you’re not paying attention to this demographic cohort, you’re making a mistake. Look, I’m a Millennial myself. And I know digital currency makes more sense to them than physical dollar bills. They don’t even question it. On top of that… they’ll likely inherit $68 trillion over the next decade from their grandparents’ generation, according to a report by Coldwell Banker Group. It’s the largest transfer of wealth in history. And in my view, a lot of that money will find its way into digital assets like bitcoin. If even just 1% of that $68 trillion goes into bitcoin (and I think it’ll likely be more) … BTC’s market cap could easily grow 2-3x from here when you consider more than 65% of the supply hasn’t moved in over a year. Most bitcoin holders are unwilling to part ways with their tokens unless bitcoin trades substantially higher. HODLing (Hold on for dear life) has become somewhat of a religion among many bitcoin holders. A 3x from here would be more than $180,000 per bitcoin. As early as 2020, Teeka predicted that virtually every major U.S. retirement planner will offer bitcoin 401(k) investment options. It’s rare for individual investors to get a chance to invest in an asset just as Wall Street is coming aboard. That’s why you must take action now. If you haven’t already, consider buying some bitcoin today. And if you already own some, consider using any pullbacks to judiciously add to your portfolio. And if you’re looking for altcoins that have the potential to outperform bitcoin, Teeka has uncovered six he believes have the potential to as much as 500x your money. [Click here to stream his presentation…]( Regards, Houston Molnar Share The Digital Asset Daily You currently have 0 referrals. [Click to Share]( Or copy and paste this link to others: [ [fb]( [tw]( [ig]( [yt]( [in]( Update your email preferences or unsubscribe [here]( © 2024 Tiwari Research Group 1607 Ponce De Leon Ave San Juan, Puerto Rico 00909, Puerto Rico [Terms of Service](