Last Thursday night I was able to get on the Palm Beach Research Group webinar with Teeka Tiwari. The replay was taken down last night.
I have to say it was a tremendous call packed with a lot of value. I always give credit where credits due.
From what I was told there were over 110,000 people who registered. It was hosted by former hedge fund manager, Teeka Tiwari, and Glenn Beck. Both guys are super successful in their own right.
Teeka has been really successful around the crypto space. He reveals WHY Bitcoin is going on a massive bull run to $65,000! This is why.
Palm Beach Research Group Recap
The Palm Beach Research Group webinar was a couple hours long. I personally watched it all but I’m just giving you a quick recap of what I found most important.
It’s no longer available but I go over what I found most important.
Teeka (Palm Beach Research Group Chief Editor) claims Bitcoin will hit a minimum of $40,000 by January. He’s putting his reputation on the line. He believes that 40k is a conservative number. He’s actually predicting $65,000.
I do believe bitcoin is going to go up for sure in the future. Basically the reason I got on this call I wanted to see his reasoning behind this huge Bitcoin spike Teeka is predicting.
I’m going to give you a bit of history behind the big crypto picture. Then I break down some key points Teeka and Glen go over. Some of it I already knew and a lot of it I did not.
Before we go any further I will say this. Teeka and Glenn are the real deal. They’ve been very successful outside of the crypto space as well.
When they take a couple hours out of their schedule to do a webinar I’m all over it.
So lets get started with the Palm Beach Research Group recap shall we?
Palm Beach Research Group – Bitcoin Stuff
Little history as to what’s been going on with Bitcoin and crypto over the past 6-12 months basically.
So Jamie Dimon of JP Morgan says on Sep 12th that he’ll fire anyone that talks about Bitcoin and at the same time his company is buying it. The biggest buyer of bitcoin following the 24% decline was Morgan Stanley and JP Morgan. And that’s NOT illegal.
Wouldn’t u say this is unethical? It absolutely is but it’s NOT illegal. JP Morgan’s influence is so big it can actually move the market. That’s exactly what they did then secretly jump in. The super rich play games like this all the time.
George Soros on January 24th says Bitcoin is a bubble and it’s the worse investment in the world. He says don’t buy Bitcoin and it drops 44%. Basically throws gasoline on the bitcoin is doomed fire.
Two months later what do we find out? His $26 billion family office has approval to buy cryptocurrency. Soros is famous for this. He was talking to sterling down back in the day then he stole the pensions off all the little people.
Feb 7th Goldman Sach says most cryptocurrencies will crash to zero. Crypto fell 27% as Sach was setting up their crypto trading desk. They denied it then we find out in May Goldman announces new BTC trading desk.
So Feb 7th “it’s all going to zero” and a few months later we find out they smoked $400 million on crypto trading.
Palm Beach Research Group Recap
All these people hang out together. The Elite people. The don’t have to be calling each other but they know this game. These people are saying Bitcoin is not going to survive so the little guy’s thinking Bitcoin and crypto is OVER as the elite are buying everything up on the big dips.
Teeka says “Rather than looking at the market at what people are saying but look at what they are doing” basically.
Billionaire Stephen Cohen probably the #1 hedge fund manager of the century is now buying bitcoin. Billionaire Mark Lasery of Avenue Capital Group is buying bitcoin. He’s actually put 1% of this net worth into btc. Andreeseen Horowitz and early investor in AirBnb, Skype, Facebook and Coinbase just launche a $300 million crypto fund. Goldman Sach new CEO David Solomon, the Rothschils, Wellington Capital, Susquehan, Blackrock and the list goes on.
Now we are hearing about this “ETF” stuff which will allow any brokerage firm to just hit a buy button to go out and buy bitcoin.
Palm Beach Research editor Teeka says “you have to look at this evidence” which he’s absolutely correct.
If Bitcoin was just a crappy asset why are all these people with big reputations getting involved? This is all misdirection. Don’t look at what they say look at what they are doing.
Palm Beach Research Group – Teeka
Now is the time to get into cryptp because once these major players and other get in it’s over.
Stop hiding under the counter when the market dips. It’s very emotional for the average person to handle the dips. That is why you should invest in small positions. I’m not recommending you invest all your net worth into crypto. Then you have the ability to handle that kind of volatility.
In fact I have to put it out there. I am NOT a financial advisor. Make sure you always do your own research whether investing in Bitcoin or any other investment for that matter. I am just telling you what I believe and my own experience.
That being said it’s pretty obvious. If you are investing money that you can afford to lose it’s not going to stress you out when the market moves.
Some say invest money you’d spend on a fancy dinner and a weekend trip. You’re going to blow that money anyhow. Just take that amount and put it into the market.
Most people think you can’t do that now.
If you put $200 into Apple it’d be worth $59k today. This is a HUGE increase and there was not some straight line up.
Imagine if you did the same with Amazon? Lets just say you’d have made a pretty nice return on investment.
Palm Beach – Teeka Calls Crypto Young
The Crypto space is incredibly young. The entire market value is under $300 billion dollars. To put that into perspective. Companies like Apple have that sort of cash in their balance sheet.
You only have the opportunity to make these big gains for a limited amount of time. The last time we really saw a market that was small enough that you could do that in was the tech market from the early 90’s.
Teeka Tiwari suggests if you’re a smaller player $200 – $400 per idea or project. If you’re a bigger player $500 – $1000 per idea. Keep it uniform. Don’t over own a loser or under own a winner. They also suggest putting 5-10% of your LIQUID net worth not your whole net worth.
Palm Beach Research Group – ETF
Why are people predicting bitcoin to be $40k by the end of 2018? Lets take a closer look at what ETF means.
ETF is basically like a mutual fund. It goes out it buys stocks. It’s a way to own a basket of stocks just with one stock.
So people have been trying to do this with Bitcoin. Lets face it. Buying bitcoin is kind of a pain in the neck. It’s a hassle. Lets not even talk about some of the other cryptocurrencies out there. People are completely confused as how to buy them.
So what an ETF would do is make it as easy to buy and hold bitcoin as going into your fidelity account, hitting the buy button and buying any normal stock.
That would automatically open up bitcoin to trillions of dollars of new investment. Some of these ETFs have been at the door and many said the SEC would never approve it.
Palm Beach Research – Winklevoss Twins
The Winklevoss twins have been trying to do this. Of course the SEC is probably not going to trust a couple of ‘kids’ in their eyes.
One the SEC really trust or understand bitcoin. They probably don’t trust these Winklevoss twins. They don’t know them. They’re not Wall Street guys.
They don’t think they can protect the assets and protect the end users. In the respect the SEC is probably correct. The twins have done well with Bitcoin however they’re not providing ‘insurance’ for anyone else who jump into the crypto space.
Of course the SEC is trying to protect the average person and this doesn’t turn into some giant disaster. That’s understandable.
Then we had two more solid players. Vanech and Solid X come and try and do an ETF. Some said maybe they have a shot but still a long shot for sure.
But just recently and this is why everyone in the crypto space and bitcoin holders are very excited. The CBO, Chicago Board of Options, exchange. One of the most trusted and important financial institutions there is in the United States. they are the largest options trader in the world.
CBO came in and said they would provide insurance for this ETF and that is huge. This is a game changer for sure.
So if it gets hacked, if there is fraud, if someone loses the ‘key’ sort of speak. Anything that happens that can’t affect the value of the cryptocurrency held or the security of the cryptocurrency held there. CBO has the insurance to cover it.
Palm Beach Research – Big Boys as the Table
So now it’s the big boys at the table. It’s the adults not just some twins that made some money with Facebook and Bitcoin.
Not to be rude and nothing against the twins. They did well for themselves. But in the SEC eyes I’m sure that’s exactly how they see it.
In retrospect the CBO and the SEC speak the same language. They are all the same people, all know one another, and frequent the same places sort of speak.
The fact now that the CBO put their ‘Seal of Approval’ on this could GREATLY influence the market.
Some are suggesting that it will unequivocally get approved. The earliest it could happen is August 16th the latest it can happen is Q1 2019.
So within this time frame it’s going to happen according to big financial investors like Teeka Tiwari and others.
Teeka really is putting his reputation on the line and Palm Beach as well. I’m sure they had an ‘insiders chat’ making such bold predictions. They feel pretty confident this is going to happen.
Palm Beach Research Group – Big Question
Some ask will Bitcoin still be volatile and the answer is yes. Until Bitcoin is a multi trillion dollar asset there will be lots of volatility.
Companies like Apple and Amazon all had bit ups and downs in the beginning.
Also remember the narrative behind bitcoin is that it’s slow and it’s expensive. It’s like the stone age of blockchain.
There are two things that are going to change that. One is called the lightening network which is a protocal that will allow thousands of transactions per second.
Right now you have to wait ten minutes. That will change. Transaction fees have also come way down. It will eventually come down to under a penny so practically free.
Palm Beach – Technology is a Process
Think back to Blockbuster days when people were talking about streaming videos. The masses couldn’t comprehend this.
Technology is a process. It continues to improve.
The problem with bitcoin people have this old view of what it was rather then focusing on what it’s going to be.
Just like the major TV networks. People would say. Who’s going to destroy those networks? Well the internet. It happened.
It’s difficult for people to visualize a world that they are not currently in. It’s the same thing with smart phones. People couldn’t understand how transformative they would become.
The last thing Teeak spoke about was the RSK. It’s sort of the ‘inside scoup’ stuff that nobody is really talking about. And it’s really important.
RSK will allow developers to create smart contracts. Smart contracts are a piece of code that can execute and actually do something.
So it says if X does this then X will recieve that. So it’s an actual programming language that you can use and build real applicattions on .
When you match that with the lightening network where the transactions are virtually free and fast.
Now you have a whole new development platform you can build on. And have the entire security of the bitcoin blockchain behind you.
By the end of 2018 the lightening network and RSK will propagate across the network.
It’s the functional equivalent of going from a dial up modem to broadband in a year. Think of how much value was created online when that happened.
Palm Beach Research Group – My Conclusion
The webinar with Palm Beach Research Group editor Teeka and Glen was pretty solid I must say.
If you work online it’s important to build up your skill set everyday. Usually I can pull out a nugget or two getting on a webinar with multi millionaire business owners.
That being said I want to be clear about my involvement with Palm Beach Research Group. I am in no way affiliated with Palm Beach Research Group. I was not compensated in any way to write this blog post.
Basically I saw they were having a webinar and were predicted a HUGE spike in Bitcoin the latter part of 2018. So I wanted to see what the Palm Beach Research Group and Teeka had to say.
I’m not going to make ‘predictions’ and it’s always important you do your own research. I am just recapping the Palm Beach Research Group call if you weren’t able to get on.
Bitcoin and Cryptocurrency will go to one trillion and well beyond with time (my personal belief). I am a long term holder of cryptocurrency. I’m heavily involved in crypto and support the community. Hope you learned something today that was my intent!
My #1 Recommendation
Whether you plan on investing in Bitcoin or not this will help you understand the process a bit more.
Would you like to see EXACTLY how you can build a million dollar crypto portfolio?
Let me show you exactly how I do this step by step.
This is a proven strategy that we are constantly working on and adding to.
You can’t afford not to learn this 👇👇
Our members are getting tremendous results.
If they can do it so can YOU!
One day in the future you will thank me 🙂
Wishing You Only the Very Best!
Email: [email protected]
Follow me on Social Media Below: