Don’t Miss Out on Life-Changing Wealth

Ignore Crypto at Your Own Risk…

“Can We Please Stop The Crypto Investor Madness Now.”

Headlines such as that bring a smile to my day. Just another basic journalist writing just another basic headline about a topic in which they’re clearly out of their depth.

That particular headline ran atop a column in Forbes in late November.

The columnist asserts—thinking he is right, but so amusingly wrong—that “There is nothing behind” cryptocurrencies. “Buy equities and you have a share of a company with assets, incomes, profits. Buy a bond and while your investment has risk, there is a company or government with resources and generally the ability to pay interest and then principal.”

Dear reader, please rise to greet the Mayor of Simpleton…

Let’s see:
• Chainlink: Creating a bridge that is already bringing terabytes of real-world analog data onto the blockchain (the digital highway on which all cryptocurrencies operate) and which smart-contracts are already relying on to execute contractual obligations between two parties, all without human intervention.
• Ripple/XRP: Already running a super-speedy blockchain that whole countries are using to manage their digitized national currencies, and to move money around the world in the blink of an eye and with near-zero cost. Regular banks take days and many, many dollars to do the same thing.
• Parcl Labs: Allowing investors, for the first time ever, to invest in real estate price movements in a single city… in a real-time. Think home prices in Austin, Texas, are overvalued? With Parcl, investors can bet on Austin prices retreating today, tomorrow, next month, etc. Those prices are collected and updated every single day based on every bit of Austin real estate home sales and price changes that occur daily. There’s not an analog to that anywhere on Wall Street.

This is precisely what I mean when I tell you in these dispatches that the mainstream media understands the cryptosphere about as well as a llama understands how to bake an apple pie.

They have this notion in their head that, because of the high-profile scams that have occurred in crypto, that crypto is 100% a crime scene and offers no redeeming value when compared to “real” financial assets like stocks and bonds. (I will charitably skip over all the various Wall Street scams that occurred over the decades, like, say, Enron, WorldCom, Bernie Madoff, Qwest Communications… or Micheal Milken and his junk bond scams. I could go on, but why belabor the point that Forbes conveniently sidesteps?)

Indeed, Forbes explains: “Compounding the scam artists and thieves is the amazing range of outrageous activities the world has seen. Sam Bankman-Fried, late of the massive fraud that was FTX, is sitting in prison.” And the magazine reports that “2022 saw an estimated $3 billion lost to crypto hacks, up from $2 billion in 2021. That doesn’t count the many pump-and-dump scams.”

Again, I’ll just say: Bernie Madoff, Michael Milken, Ivan Boesky, Bernard Ebbers (WorldCom CEO). Once more, I could go on… I mean, good goobily goo—the Leonardo DiCaprio movie, The Wolf of Wall Street, was based on real events that cost mom-and-pop investors $200 million in scammy penny stock losses!

Such comments about crypto fraud are offered up as though they exist in a vacuum—as though the rest of the financial world is a virginal pool of propriety populated with do-gooders who only have your best interest at heart. A real white-hat crowd of standup financiers.

Or, possibly not?

The FTC earlier this year noted that U.S. consumers lost $8.8 billion to fraud. Crypto was not a top-five source of fraud. Wall Street-style investments were, however. Consumers reported losing more money to investment scams—more than $3.8 billion—than any other category in 2022. That doubled the investment-based losses reported in 2021.

Down in Australia, the Australian Financial Crimes Exchange reported that for 2022, Aussies lost some $3.1 billion Oz dollars ($2.1 billion USD) to fraud, half it coming by way of investment scams. That’s up 76% in a year. (I just picked Australia because the data was easy to find.)

Here in the EU where I live, credit-card fraud amounted to €1.8 billion ($2 billion) in 2022.

Hmmm… it’s as though scammers treat the real world of investing and banking no different than crypto.

What? Scams exist in the button-down world of stocks, bonds, and banking? Say it ain’t so!!!

In truth, I’ve shared all of this for one reason that has absolutely zero to do with fraud.

I wanted to focus your attention on mainstream media misinformation and myopia at this exact moment.

See, we’re in a new bull market for crypto. As I’ve noted in recent weeks, the Securities and Exchange Commission is soon to approve the first U.S.-based exchange-traded fund (ETF) tied to the spot-price for bitcoin (the up-to-the-moment price you get when you ask Google, “Yo, Uncle Googs, what’s bitcoin’s price right now?). That’s going to unleash literally trillions of dollars of institutional money that needs an easy way into crypto.

And in April, bitcoin will go through its fourth halving, a technical process that makes creating new bitcoin twice as hard as the day before. In the wake of the last three halvings, bitcoin set what was then an all-time high.

The same will happen this time. My bet: bitcoin sees $185,000 before this bull cycle concludes.

But all along the way, basic writers with a less-than-basic knowledge base in crypto are going to tell you why it’s all just a scam, a flim-flam, a Ponzi scheme.
They’re not going to tell you about the very successful cryptocurrency companies like Chainlink, XRP, Parcl Labs—and scores and scores of others—that have built very successful crypto-based businesses. They can’t tell you that because, honestly, they don’t have a clue such companies exist. These writers are not crypto experts. They’re not involved in crypto at even the most fundamental level.

They only know what they think they know, based on the writings of other mainstream hacks who know nothing. A crypto example of the blind leading the blind.

So my message to you: Beware the Basics. For they know not what they say.
Heed their siren song of ignorance and you will miss out on the chance to earn life-changing, even generational wealth.