{"id":5934,"date":"2017-10-29T07:30:00","date_gmt":"2017-10-29T07:30:00","guid":{"rendered":"https:\/market-minute\/we-could-see-26-million-new-bitcoin-investors-by-the-end-of-2017\/"},"modified":"2017-10-29T07:30:00","modified_gmt":"2017-10-29T07:30:00","slug":"we-could-see-26-million-new-bitcoin-investors-by-the-end-of-2017","status":"publish","type":"post","link":"https:\/\/stage.jeffclarktrader.com\/market-minute\/we-could-see-26-million-new-bitcoin-investors-by-the-end-of-2017\/","title":{"rendered":"We Could See 26 Million New Bitcoin Investors by the End of 2017"},"content":{"rendered":"

\tEditor’s note: <\/strong>In today’s essay, Palm Beach Research Group analyst Nick Rokke explains a major catalyst for the growth of the cryptocurrency sector in 2018.<\/p>\n

\tIt’s promising to swiftly and seamlessly bring a wave of buyers into the space… And signals an impending, massive leap in the adoption of cryptocurrencies…<\/p>\n

\n

\tFidelity Investments is about to create 26 million potential bitcoin buyers…<\/p>\n

\tFidelity is the fifth-biggest asset management firm in the U.S. The firm has $2.3 trillion under management.  <\/p>\n

\tOn the outside, it looks like any traditional financial services company…  <\/p>\n

\tIt runs a brokerage firm. It manages mutual funds. It provides investment and retirement advice. And it offers life insurance.<\/p>\n

\tYour company may even use Fidelity’s payroll services.<\/p>\n

\tBut here’s something that the firm’s 26 million individual investors might not realize…<\/p>\n

\tA growing portion of those $2.3 trillion in assets are coming from bitcoin…<\/p>\n

\tYou see, Fidelity CEO Abigail Johnson is “a firm believer in bitcoin.”<\/p>\n

\tAnd she doesn’t just talk the talk. She walks the walk.<\/p>\n

\tFidelity allows its 40,000 employees to buy coffee or lunch in the company’s cafeteria with bitcoin. That’s all fine and dandy. But what really caught our attention was this…<\/p>\n

\tJohnson says Fidelity recently opened a bitcoin mining operation. And it’s turning a profit. Johnson’s own words, per the online magazine Quartz<\/em>:<\/p>\n

\n

\t\tI’m one of the few standing before you today from a large financial services company that has not given up on digital currencies. We set up a small bitcoin and Ethereum mining operation… that miraculously now is actually making a lot of money.<\/p>\n<\/blockquote>\n

\tThis is just the latest bullish news for bitcoin. Here’s why…<\/p>\n

\tThe first bitcoin miners were computer geeks living in their parents’ basements.<\/p>\n

\tFidelity’s entry into the crypto-mining space suggests that institutional money is not far behind. And that’s bullish for bitcoin.<\/p>\n

\tBut that’s not the only bullish signal we’ve noticed…<\/p>\n

\tBuried under that news was an even bigger story<\/em>… about millions of potential new bitcoin buyers…<\/p>\n

\tIt’s a story you won’t hear anywhere else. And I’ll tell you what it is—and how to profit—in a moment.<\/p>\n

\tThe Floodgates Are Opening<\/strong><\/h3>\n

\tIt’s no big secret that we’re fans of cryptocurrencies at Palm Beach Research Group.<\/p>\n

\tBitcoin is up 1,103% since our very own Teeka Tiwari recommended it in April 2016. And Dash is up 1,014% since Teeka mentioned in the February 26 Daily<\/em><\/a>.<\/p>\n

\tAnd that’s before institutional money started to take notice…<\/p>\n

\tI told you in August that dozens of hedge funds are entering the cryptocurrency market. Once these funds are set up, billions of dollars in capital will follow them<\/a>.<\/p>\n

\tAs I wrote then:<\/p>\n

\n

\t\tThese funds were early backers of social media companies like Facebook, LinkedIn, and Twitter… They’ve multiplied their money 100 times or more on these investments.<\/p>\n

\t\tWhen these guys make investments, we should take notice.<\/p>\n<\/blockquote>\n

\tFidelity is just the latest example of this. And here’s why you should take notice today…<\/p>\n

\tA New Pool of Bitcoin Buyers<\/strong><\/h3>\n

\tIn addition to its bitcoin mining operation, Fidelity will now allow its clients to see their cryptocurrency assets on the company’s website.<\/p>\n

\tFidelity began testing the new service in August. The company has partnered with cryptocurrency exchange Coinbase to make the feature available.<\/p>\n

\tFidelity customers must already have a Coinbase account to take advantage of the service.<\/p>\n

\tThis huge news has been flying under the radar…<\/p>\n

\tCoinbase is the country’s largest bitcoin exchange. It has nearly 11 million users.<\/p>\n

\tRemember, Fidelity has 26 million individual investors. And more than 40,000 employees. That’s more than double the number of current Coinbase users.<\/p>\n

\tFidelity’s entire investor base will now have potential access to the country’s largest bitcoin exchange. That makes them all potential bitcoin buyers.<\/p>\n

\tOf course, we’re not saying all 26 million will use this feature. But if just a small percentage do… that will be a flood of new customers.<\/p>\n

\tSo, now’s a good time to get in… ahead of all those potential new buyers.<\/p>\n

\tRegards,<\/p>\n

<\/p>\n

\tNick Rokke, CFA
\tAnalyst, The Palm Beach Daily<\/em><\/p>\n

\tP.S.<\/strong> At 8 p.m. on November 2, I’m joining my colleague Teeka Tiwari for his special 90-minute emergency briefing.<\/p>\n

\tTeeka’s so bullish on bitcoin that he’s buying $1 million worth and giving it away as part of this event. He’s calling it “The $1 Million Bitcoin Giveaway.” Everyone who attends will have a chance to claim their portion of this money.<\/p>\n

\tHe’ll also bringing on a mystery guest—one of the cofounders of the second-most popular cryptocurrency in the market. And he’ll reveal the name of “the next big thing in cryptocurrencies.”<\/p>\n

\tTeeka’s giving away a lot of his best training material for free. So even if you’re not sure cryptocurrencies are for you, I urge you to sign up just to get all the free material and see what you think. You can register right here. <\/a><\/p>\n

\tTeeka’s giving away a lot of his best training material for free. So even if you’re not sure cryptocurrencies are for you, I urge you to sign up just to get all the free material and see what you think. You can automatically register right here. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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