Crypto Will Pay for an Apartment of Mine in Portugal
We all know the story of the tortoise and the hare. But imagine what might happen if, after that race, the tortoise and the hare realized their affection for one another and kicked off a torrid romance…
Their offspring—we’ll call it a tortare—would start races at a tortoise’s molasses pace, and then suddenly spring forward at great speed as his hare genes kicked in.
Which is my absolutely ridiculous segue into a story on crypto—the tortoise and the hare of the asset world.
I wanna underscore my point with a few charts:
This first one is a chart for bitcoin…
In less than a year, the progenitor of all crypto is up 159%.
A $1,000 investment would today be worth $2,590.
Below is a chart of Solana, one of the top 10 cryptos in the world and the one I invest in the most—as well conduct most of my gaming transactions.
A $1,000 investment made at the start of its rise in February of this year would be worth $6,450 today, 11 months later.
And then we have Shadow Token, a crypto tied to a company offering technical services that strengthen the Solana blockchain.
A $1,000 investment made three months ago in Shadow would be worth $12,850 today.
Moving on, we have Crown, a token used in the Photo Finish Live online horse-racing game I’ve been writing to you about over the last few months…
Had you put $1,000 in this one over the summer, you’d have $28,660 today.
And finally, we have Bonk. Bonk is a so-called “meme coin” similar to Dogecoin, which Elon Musk chirps about all the time. Though most meme coins have no purpose other than to move on hype, Bonk is building real-world use-cases for its token.
When I attended Solana’s annual developers/users conference in Amsterdam a few weeks ago, I loaded some Bonk into an electronic wristband. Then, whenever I was parched, I just held my wrist up to a high-tech soda machine, which unlocked a door, allowing me to fetch a Red Bull. The machine then debited the required amount of Bonk from my wristband. (We’re all going to be paying for purchases like this soon enough.)
Anyway, had you put $1,000 in Bonk as recently as late October, those tokens would be worth $94,000 today… seven weeks later.
In all, your relatively picayune investment of $5,000 in five prominent cryptocurrencies would be worth more than $144,500 now, a nearly 130x return in less than a single year.
That’s a tortare… so slow everyone thinks it’s dead or dying. And then BOOM!
Thing springs forward like it has a turbo-booster in its backside.
I tell you this and show you these charts because this is crypto.
This is what I’ve been preaching for 18 months or more. Throughout the entirety of the crypto bear market, I’ve been counseling patience, patience, patience. I’ve written too many times to count that “when crypto moves, it moves at lightning speed.”
And here we are…
The other, more important reason I tell you this is because, as I told my son the other day, “This is still pre-season.”
We have big gains still to come.
See, we’re on the cusp of what could very well be the mother of all bull markets. I don’t mean just for crypto. I mean for all assets over the history of time.
We’re entering a fundamentally new technological era, defined by the widespread adoption of blockchain technology, the cryptographically secure tech that runs all crypto. Governments and businesses all over the world are moving toward the blockchain because transactions occur uber-fast, uber-cheaply, and on a 24/7/365 schedule.
No more downtime. No more bankers’ hours. No more holidays to slow transactions.
The time and cost savings are going to make the modern internet seem like the dial-up modems you and I grew up with back in the early ‘90s.
That’s going to play through crypto.
Widespread adoption is going to see even the most skeptical of crypto naysayers transacting on the blockchain every day, even if only because they have no other choice.
More importantly, those who saw the riches that befell crypto investors during the last bull market are absolutely not going to want to miss this one. Once they’re convinced this new bull market really does have legs, they’re going to pour money into crypto.
That’s going to be happening as the SEC approves a new spot-price bitcoin exchange traded fund—an ETF based on the live, ever-changing price for bitcoin. That will see literally trillions of dollars flow into bitcoin from institutional and individual investors who do not want to deal with managing so-called crypto wallets. Once they can buy bitcoin through the same mechanism they use to buy Apple and Microsoft, they’re going to rush to build a position.
And where bitcoin goes, so goes the broader crypto market.
Those charts above—they’re just the beginning of an epic bull market.
As I’ve been telling my followers on Twitter, I fully expect that the profits I collect from the crypto I own right now (including those five above) are going to pay for an apartment here in Portugal.
This new bull market is still young. There’s still time to get in.
Start with bitcoin, Ethereum, and Solana. Spend some time reading up on other opportunities, and then invest in smaller tokens that have great promise.
This is a tortare you definitely want to bet on.
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