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The Opportunity Today Is Even Better Than It Was Two Years Ago
Teeka Tiwari
July 23, 2020
9 min read

Once again, Wall Street is missing the bigger picture on bitcoin and crypto.
In today’s update, I’ll share the major developments it’s ignoring that only spell one thing –
massive adoption.
If you ignore the signs or give into boredom, you’ll miss out on this golden opportunity and
regret it for the rest of your life.
Click on the image below to watch the video.

Transcript
Hello, friends, and welcome to this month’s Palm Beach Confidential update. I’m Big T. Let’s
get right into it.
PBRG Smartphone App
First things first, I just want to deal with some housekeeping issues. I want to remind
everybody that we have launched a new Palm Beach Research Group smartphone app. It’s
similar to the one that we released exclusively for Palm Beach Confidential, but this one now
includes all Palm Beach publications that you may be subscribed to.
It includes push notifications as soon as we publish issues, updates, alerts, and full portfolios
with up-to-date recommended actions. You can watch videos and contact customer service
directly through the app. It’s available for Android and iOS and you can get it directly through
their relevant app stores [or find the links at the bottom of this page]. Okay, so that’s that.
Investors Overlook Important Signs
Let’s talk about what’s really the most important thing in the crypto world right now that
everybody is ignoring. And I want to talk very quickly about this type of counterintuitive
action that I have seen occur repeatedly throughout my career – not just in crypto, but in all
different types of assets – where an asset has either become ignored, unloved, or people are
just bored with it. And a cascade of good news will occur within the asset, but the asset price
just doesn’t move. It doesn’t do anything.
A prime example of that would probably be Apple Computer back in 2003, where you just had
this constant barrage of good news. You had enormous sales of the iPod and the news that
they were going to move the iPod from being exclusively an Apple-compatible product over to
a PC-compatible product. And it was a no-brainer that so many more units were going to be
sold.
But Wall Street had been so burned with Apple for so long. At that time, the stock had literally
done nothing since the 1980s. It was just a straight line. And people were just so turned off by
the Apple story (and by Apple Computer), that even when the facts were thrust in front of
their faces, they didn’t believe them.
So why am I bringing that up right now? Because I am seeing almost a mirror image of those
events taking place in bitcoin. Since peaking at $20,000 – when a lot of people got involved in
bitcoin between $16,000 and $20,000 – we’ve seen bitcoin drop all the way down to $3,000
and change… rally up to $14,000… get back down to $3,800 this year… back up to $10,800…
and now trade around $9,000.
And there’s fatigue. You’ve got long-term bitcoin holders who have just kind of put it away
and forgotten about it. They said, “Okay. You know what? I’m going to wake up in a couple of
years, and bitcoin’s going to be worth hundreds of thousands of dollars.” And you’ve got
traders that are essentially range trading. Anytime they see bitcoin go above $10,200 or
$10,400, they sell it. Then when bitcoin gets near to $8,800 or $9,000, they buy it. And they
just do that all day long.
In terms of the rest of the world, their focus is on stocks like Facebook, Tesla, Google, Netflix,
Apple, and index option trading. And bitcoin is just kind of sitting there in a corner, really
being forgotten by the world.
Major Announcement From PayPal
Now, while bitcoin is being forgotten by the larger, massive investors, some incredibly bullish
things are happening right now. An announcement came out today as I’m recording this. If
this had happened in 2017, bitcoin would have literally doubled overnight – easily.
What I’m talking about is it’s come out that PayPal is going to be working with Paxos as a
partner to provide all its cryptocurrency trading. So this definitively means, at least to me,
that PayPal will offer crypto trading, crypto investing, and crypto buying to its 325 million
customers.
Right now, about 30 to 35 million people own crypto. PayPal is going to make it so that 325
million people can buy crypto in an instant. But bitcoin has barely budged.
Now, the bears out there will say, “Oh, you can see none of this really matters. Everybody
hates bitcoin. This is really unimportant.” But what I found is the absolute opposite. And it’s
quite counterintuitive that when an asset stays flat in the face of repeatedly good news, and
when the underlying dynamics that drive that particular asset continually get better (like we
saw in gold last year when it was 60% lower), and people are ignoring it – that is an
opportunity.
That’s telling you, in fact, the asset is cheap. Because what happens is all of a sudden (and I
don’t know what that catalyst is… maybe it’s PayPal coming out and saying, “Yes, we’re
actually offering this to our customers”), a catalyst happens and everybody wakes up and
they’re like, “Oh my good Lord. This is incredibly bullish for this asset class. We’ve got to get
in and we’ve got to get in right now.” And then you see this explosive move takes place.
Bitcoin Is Still Cheap
Friends, I am telling you right now, unequivocally, we will see explosive moves in bitcoin that
will leave you breathless. Now look, on a day-to-day basis, bitcoin can do anything. Some idiot
trader can get overextended 100:1 over on BitMEX, or some other crazy under-the-counter
exchange, and you have billions of dollars in margin calls, and that can hammer bitcoin. That
can happen any day of the week. It could happen before this video is prepped, gets sent out,
and you even see it.
And I will still stand by this statement that bitcoin is cheap. It’s cheap. It is so undervalued. I
will say that bitcoin is more undervalued now than it was two years ago when it was trading at
a couple of thousand dollars.
Why is it more undervalued now? Because back then, we didn’t know for sure if institutions
were going to come in. We didn’t know if the world’s governments were going to come
together, married with the world’s central banks, and just do everything in their power to
snuff it out.
Now, that genie is out of the bottle, right? You’ve got major corporations all over the world
building payment rails directly into bitcoin to offer it to not a couple of thousand customers,
or a couple of million customers – but to hundreds of millions of customers.
Friends, you’re going to look back and, if you don’t take advantage now, you’re going to think,
“How did I miss that? How did I not see that? How did I not see that hundreds of millions of
new people were going to come into this asset class?”
The whole asset class is valued at only around $250 billion. At one point, Apple had more
cash on its balance sheet than that.
“How did I not see that if you take hundreds of millions of people and put them into a tiny
asset class that that asset class was going to explode in value? How did I not see that?” You
absolutely do not want to ask yourself that question. So I will say to you unequivocally:
Bitcoin is cheap.
Can bitcoin do anything over a 24-hour period? Absolutely. And that means going down 50%
or going up 50%. That is the very nature of bitcoin. But pull back the camera, understand how
tiny bitcoin is, and understand how tiny the number of participants there are in this market.
And imagine when that market goes up 10x, 20x – or with the money coming into that market
– 30x, 40x, or 50x. Because that is the future for bitcoin.
Our Opportunity Still Exists Today
And whatever is good for bitcoin is good for the entire crypto ecosystem. So if bitcoin goes up
10x, you’re going to see the small coins go up 50, 100, 200, 300, 400, 500x higher.
Now, if you weren’t around in 2016 or 2017, that’s going to sound insane. But if you were
around in 2016 or 2017, you know it’s not insane. You know that during that brief period of
time, when you get a massive influx of new buyers, prices go nuts. They go absolutely insane.
We’re seeing a little bit of that now in my Five Coins portfolios. They’re up a few hundred
percent. But I didn’t put those portfolios together to be up just a few hundred percent. I put
those portfolios together to move the needle on your life in a massive way without putting
your current lifestyle at risk. And that opportunity still exists.
So I will tell you right now, bitcoin is cheap; crypto is cheap. People do not understand what’s
about to happen in this space. And again, I don’t care if crypto goes down 50% tomorrow. I
stand by these statements that I’m making to you right now.
Crypto is cheap just like Apple was cheap back in ’03. And that stock gave me ulcers (not
literally, but figuratively). I recommended that stock. I basically did the same type of
breakdown: “Okay. This is a small market moving to a big market. This is a unique product
that nobody else has, it’s super easy to use, and it’s going into a big market.”
Then Steve Jobs sells his stock. The stock price goes down 30%. It trades sideways for like a
year or a year and a half. I mean, what little hair I had left then – I was pulling out of my
head. I remember looking in the mirror and thinking, “Am I just self-deluded? Am I just
crazy? Am I just not understanding something here?”
And the bottom line was no, I understood the situation perfectly. And I understand this
situation perfectly. I have seen this movie before. Yes, it’s long. Yes, it’s tedious. But the payoff
will be unlike anything you have ever seen or ever invested in unless you were involved in
2016–2017. That is the only historical perspective that I can draw for what you are about to
see take place in crypto assets. It will be breathtaking. It will be shocking. It will be life-
changing like you can’t imagine.
So I want you to continue focusing on the big picture. I will continue hammering this message
because your biggest risk right now is not crypto. Right? Or volatility. We manage that risk
through small position sizes.
Your biggest risk is you: You getting bored, you getting disenfranchised, you getting
sidetracked from the bigger picture. And I’m here to tell you that you must stay focused. Keep
your positions on. If you don’t have your positions on and we have things that are still below
their buy-up-to prices in the portfolio, take a little piece, put it away, and don’t think about it.
Take a look at how much bitcoin you have. Take a look at how much, relative to your net
worth, you want to own. And if it makes sense, buy some more because it’s going higher.
Much, much higher.
Okay. That is enough out of me. I will get up off my soap box. Again, I’m going to continue to
hammer this message: Boredom is your enemy. Focus on the big picture. Focus on the things
happening that are actually moving the ball forward. This is not just me hoping and praying
and creating an investment thesis that I’m asking you to believe in. This investment thesis is
unfolding before our very eyes, and it’s going to be absolutely amazing.
Alright, friends, I’ll catch up with you on the next video. And I want you to always remember:
Let the Game Come to You!

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