Recap from his live webinar tonight:
Teeka Tiwari made a deeply compelling point about how wall street is about to get involved in crypto. He claims that there are currently 35 million crypto holders and when Wall Street’s trading platforms connect it will bring another 500 million users. He says the crypto exchange ”Bakkt,” owned by the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has built a platform to connect the major wall street banks and their clients’ investment tools directly into crypto trading. It took a long time to build the platform and get legal permission and it appears it’s going live in about a week. Allegedly all the major wall street banks have finally decided that they want in on crypto. This is a massive development on a macro level that will rise the tide for all.
He also mentioned an occurrence called the ”halving” of bitcoin, with the next one coming up in May. His co-host of the webinar WRONGLY presented this as ”half the supply of bitcoin going away.” (They should seriously be more precise – not cool to mislead people like this). In any case, with some simple research I learned that this means that bitcoin miners will have their rewards cut in half when they ”discover” new coins. ”Halvings” occur every 210,000 blocks, which is approximately every 4 years. Digging into some blogs and charts did reveal that the historical massive bull markets for crypto were within about 12 months of the previous ”halvings.” These were in 2012 and 2016.
I would agree that the two events above seem massively promising. I’m digging into my crypto exchange accounts and investing again even though I lost about 60% after the last bull run. I do believe that another massive and potentially bigger run is coming, and now is a nice early time to get in.
Lastly, the coin he publicly recommended during the two hour webinar is LINK. He didn’t share his other 5 picks (but I’d sure like to know!)
Who attended the webinar? What’d you think?
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