Why You Should Let the Recent Crypto Pullback Work in Your FavorBy Eric Wade  Right now, there's a topic on every investor's mind... inflation.
Inflation has returned to the market like no other time in recent history. Today, inflation has hit nearly 5%... the highest we've seen in 30 years. In other words, for every $100 you have saved, you've essentially lost $5 over the last 12 months. Maybe you've even noticed the everyday items that you buy are getting more expensive. Copper prices have more than doubled. The cost of iron ore, which is used to make steel, has nearly tripled, too. And the National Association of Realtors reports that the median home price rose 24% since last year. Why is this happening? Thanks to actions by the U.S. Federal Reserve, people are losing their faith in the value of our currency. The Fed is printing money by the trillions. And in the process, it's destroying the value of the U.S. dollar. Take a look at the assets of the Federal Reserve... Since 1913, the dollar has lost more than 95% of its value. But the Fed keeps printing money... and it will keep doing it until it can't anymore. But that time could be closer than most people think... The U.S. dollar has been a reserve currency since 1920. So, the chances are that a new world reserve currency will emerge in the next decade or so... maybe even sooner. With total debt nearing $30 trillion and government spending outpacing its revenue from taxes every year, the Fed has no choice but to keep interest rates near zero in hopes of continuing to pay for all this debt. That's why many folks are turning to cryptocurrencies to protect and grow their wealth. Today, we now have an even bigger opportunity to "opt out" of this system. And this time, I'm making moves that aren't just about speculating on cryptos. In short, bitcoin was phase one of a financial revolution. And the next phase is all about income. I'm talking about a situation where you can now take our dollars and use them to earn income from the crypto world. Believe it or not, you can even do this without the volatility of holding cryptocurrencies. And you can still get the huge upside of crypto gains.
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Here's why I expect crypto to go up from here... Every real booming innovation has two parts. The first phase is what I call a "speculative frenzy." This is when an innovation catches the hearts and minds of a lot of people. And it drives prices sky-high, regardless of the fundamentals of the underlying business or technology. The "fear of missing out," or FOMO, drives this phase. But then, prices eventually crash. However, when you have a real innovation, it comes roaring back in a big way. This time the boom is based on real revenue and earnings, rekindling excitement for the technology and attracting another wave of investment. Most important, the "fundamental boom" typically leads to huge, multidecade trends as new technologies take hold, real businesses get built, and fortunes get made. It's a pattern that anyone can see. For example, the green energy boom in 2006 and 2007 was premature. Solar and wind were nowhere near working. But a speculative frenzy caught hold. The S&P Global Clean Energy Index tripled in a frenzy before collapsing. Compare that with the situation today... Renewable energy is booming again. But it isn't going up based on pure speculation this time. Renewable energy is now cost-effective and is becoming a huge part of our energy production. That has caused the index to triple off its bottom again... Or think of the Internet... In the late 1990s, people thought we'd do everything on the Internet... order goods, buy pet food, hang with our friends. So, they bid up stocks to ridiculous levels... but then they fell. Most investors lost money in the "speculative frenzy" in 1999 and 2000. But all that money didn't disappear when the market crashed. It was this capital that Internet companies used to create real businesses with earnings and incredibly disruptive business models. And that led to the "fundamental boom" that has driven technology stocks higher and higher for the past 20 years. The same is true for cryptocurrencies... In 2017, investors drove bitcoin from less than $1,000 to nearly $20,000 before prices collapsed. But they weren't wrong about the potential for the technology. These investors were just early. Fast forward four years later... The "speculative frenzy" brought bitcoin to $20,000... the "fundamental boom" brought it to $60,000. The bitcoin frenzy in 2017 helped attract capital for developing the infrastructure needed to allow the industry to disrupt massive established businesses. So, you might be wondering... If the booming price of bitcoin is based on true fundamentals... why has the price of cryptos pulled back? Well, if you believe in the disruptive technology that cryptos represent and the long-term implications of this technology, you must get used to its volatility. And the volatility we see today isn't out of the ordinary... When bitcoin had its first big run to peak at $20,000 in 2017, it had six separate corrections of 30% to 40%. So, the pullback we've seen recently is par for the course. When you have an asset that is growing in adoption at more than 100% per year, such as bitcoin, you have to expect volatility. But it doesn't mean that prices don't have a lot further to go from here. The recent pullback in crypto prices works in our favor. The timing is perfect. Because as I just showed you, we are smack in the middle of the true fundamental boom for cryptos... While bitcoin was phase one of this disruption, what's coming next will be even bigger and more lucrative than any of the opportunities we've discovered so far. I'm excited to reveal everything on July 21 at 8 p.m. Eastern time. I'm sharing all the details, including a free pick to everyone who tunes in. You don't want to miss it... Register right here to attend. Regards, Eric Wade
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