A Message from Weiss Ratings Dear Reader, The SEC recently declared war on cryptocurrencies. They filed lawsuits against the two main crypto trading platforms, Coinbase and Binance. The SEC chairman declared almost all coins outside of Bitcoin and Ethereum to be illegally traded securities. To make matters worse, two different efforts by Congress to set clear rules for the crypto market have stalled. The regulatory and legal confusion around crypto has scared away investors. The mainstream headlines are filled with negative stories. One news outlet even asked if the U.S. was trying to kill crypto. But I sent this email to tell you: Nothing could be farther from the truth. This isn't a bad time to buy crypto. It's the best time. You see, there's something going on in the background that almost everyone has missed. Just seven days after the lawsuits were filed against Coinbase and Binance, another story slid by unnoticed. It was an application, filed by $9 billion Wall Street giant BlackRock, to create a Bitcoin ETF. Why is that important? Because BlackRock has close ties with the Biden administration. And they have a nearly spotless record of ETF approvals. It begs the question: If the Biden-controlled SEC seems to be making it clear that crypto isn't welcome in the U.S. … Then why were their top donors applying to manage crypto investments just a week later? Don't let the government lawsuits fool you. We believe Wall Street is engaged in a stealth takeover of cryptocurrency. And when and if their takeover is complete — starting with BlackRock's Bitcoin ETF — I expect the price of Bitcoin and most cryptos to spike immediately. And they may never come back down. Bear in mind, however, the clock is ticking. This approval could come at any moment. And you don't want to be caught flat-footed. Click here to get the full story … plus the ONLY altcoin I think you should own. Sincerely, Juan Villaverde Crypto Analyst Weiss Ratings |
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