{"id":20960,"date":"2023-06-06T07:30:48","date_gmt":"2023-06-06T11:30:48","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=20960"},"modified":"2023-06-06T07:30:48","modified_gmt":"2023-06-06T11:30:48","slug":"crypto-survived-the-banking-panic-and-debt-limit-crisis-heres-whats-next","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/crypto-survived-the-banking-panic-and-debt-limit-crisis-heres-whats-next\/","title":{"rendered":"Crypto Survived the Banking Panic and Debt Limit Crisis \u2013 Here\u2019s What\u2019s Next"},"content":{"rendered":"

Andrew’s Note: <\/strong>Tomorrow night, America’s #1 crypto expert Teeka Tiwari is sharing all the details on the last, best crypto buying opportunity<\/a>…<\/p>\n

He says now is the time to buy – and just like in 2016 and 2018 – those who do could potentially become millionaires.<\/p>\n

To hear what he has to say, click here to sign up<\/a> for his presentation tomorrow at 8 p.m. ET…<\/p>\n

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The crypto market is crazy right now…<\/p>\n

At the end of 2022, we saw crypto exchanges drop like flies – FTX, Celsius, Voyager…<\/p>\n

The carnage caused extreme volatility in crypto. Bitcoin, the proxy for the market, started 2023 trading just above $16,500.<\/p>\n

Then in March, panic swept across the banking sector.<\/p>\n

In less than a month, we saw three of the four largest U.S. bank failures in history (First Republic, Silicon Valley, and Signature).<\/p>\n

Many investors turned to bitcoin. And it rocketed as much as 84% from its January lows – making it one of the best-performing assets in the world so far this year.<\/p>\n

But more volatility struck late last month as fears over a U.S. government default weighed on the broad markets.<\/p>\n

Bitcoin fell 5.2% in May, making it the worse month for the king of crypto since the FTX collapse in November 2022.<\/p>\n

With all the volatility, I can’t blame you if you want to steer clear of crypto until the dust settles…<\/p>\n

But that would be the worst financial mistake you make in your life. That’s because now is the time to dive into the right crypto projects.<\/p>\n

You see, crypto is moving out of its bear market.<\/p>\n

Just like it did in 2016… and in 2018…<\/p>\n

The only difference between today and those previous bear markets is that this is the last time this kind of buying opportunity will ever be available.<\/p>\n

That’s because this crypto bear market has one strange feature the previous ones didn’t…<\/p>\n

Institutional Money Is Still Flowing Into Crypto<\/h2>\n

In May, Franklin Templeton announced it’ll launch the first U.S.-registered mutual fund to use the blockchain to process transactions.<\/p>\n

Franklin Templeton is a 75-year-old global investment firm with $1.4 trillion in assets under management. And it’s not alone.<\/p>\n

Global investment firm KKR and global ETF issuer WisdomTree also announced new crypto products to their clients. Both firms manage billions of dollars’ worth of assets.<\/p>\n

To be clear, all three of these announcements came recently. And that doesn’t include new product launches from BlackRock, Visa, and Fidelity.<\/p>\n

The key takeaway here is that even after a year of terrible news in the cryptosphere, institutional money has never stopped pouring in.<\/p>\n

And they’re in a desperate scramble to buy the best crypto projects before the next bull market – those surrounding a new development in crypto.<\/p>\n

It’s the smallest – yet fastest-growing – subsector of the crypto market. And it’s where I believe the biggest fortunes will be made…<\/p>\n

The opportunity reminds me of 2016…<\/p>\n

That was after the huge crypto exchange Mt. Gox got hacked.<\/p>\n

Almost 80% of ALL bitcoin was traded through this exchange. And it blew up.<\/p>\n

People got locked out of their crypto. Some investors are still trying to recover bitcoin from Mt. Gox today – almost 10 years later.<\/p>\n

After that happened, many people expected bitcoin to go to zero.<\/p>\n

And I couldn’t blame them…<\/p>\n

When the main crypto exchange goes under… You can understand why some people thought bitcoin would lose all its value.<\/p>\n

But it didn’t.<\/p>\n

That’s when I knew crypto was real and here to stay. So in 2016, I recommended bitcoin at $428. It went up to $20,000.<\/p>\n

I also recommended Ethereum at $9. And it went up to $1,400 in under two years. That’s enough to turn $1,000 into $155,000.<\/p>\n

Over time, I recommended 35 different cryptos. And by the peak of the next crypto bull market, if you invested just $100 in those 35 names, it would’ve turned into $240,000 at its peak.<\/p>\n

If you put $1,000 into each… You’d be looking at $2.4 million.<\/p>\n

That’s counting winners and losers.<\/p>\n

I saw a similar opportunity in 2018…<\/p>\n

Back then, bitcoin’s price dropped 84%. And the media was littered with so-called “bitcoin obituaries.”<\/p>\n

On average, we saw a new story declaring “bitcoin is dead” once every four days.<\/p>\n

JPMorgan Chase CEO Jamie Dimon even called bitcoin a “fraud.”<\/p>\n

But behind closed doors, his firm was secretly laying the groundwork to get into crypto in a big way.<\/p>\n

In fact, back in 2018, I did an interview with media personality Glenn Beck.<\/p>\n

Nearly 5 million viewers tuned in. And I exposed a bunch of hypocrisy like this…<\/p>\n

Where some big players were saying one thing about crypto in public… But privately they were doing the complete opposite.<\/p>\n

In that interview, I predicted bitcoin would go to $40,000… back when it was trading a hair north of $7,000.<\/p>\n

But 2018 was such a rare and historic buying opportunity… I had to act.<\/p>\n

I released a new initiative with a new list of crypto buys. And two days later, the market bottomed.<\/p>\n

That market timing was a real gift to my subscribers. Getting in at the bottom was game-changing for them.<\/p>\n

Over time, I ended up recommending 46 different cryptos… And $1,000 into each turned into $1.4 million total.<\/p>\n

Here’s the bottom line: If you don’t act now, you could be left behind forever.<\/p>\n

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Free Trading Resources<\/strong><\/p>\n

Have you checked out Jeff’s free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career \u2013 at zero cost to you. Just click here<\/a> to check it out.<\/p>\n<\/p><\/div>\n<\/div>\n

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How to Prepare for This New Development<\/h2>\n

With this influx of institutional money, the crypto market will begin a maturing process as we move out of this bear market. It’ll start to trade more like the stock market.<\/p>\n

It’ll become less volatile… And the days where you can get in on the foundational crypto projects that will shape our future for pennies on the dollar will be gone forever.<\/p>\n

Because right now, the opportunity in front of us is on the scale of 2016 and late 2018…<\/p>\n

That’s why on Wednesday at 8 p.m. ET, I’m hosting Big T’s Final Call: June 2023<\/em><\/a><\/strong>.<\/p>\n

During this event, I’ll explain why this is the last, best crypto-buying opportunity of our lifetimes. I’ll also reveal a special guest who will tell you where the best opportunities in this space can be found right now.<\/p>\n

You can also get VIP text alerts and reminders for Wednesday’s event by clicking right here<\/a><\/strong>. Once you sign up for VIP text alerts, I’ll have two special gifts for you:<\/p>\n