It’s one of the biggest success stories in our industry…
Longtime readers will know colleague Teeka Tiwari is on a mission to mint as many new millionaires as possible…
That’s why, in 2016, he decided to focus our Palm Beach Confidential advisory purely on crypto.
He had to persuade the partners here at Legacy Research that it was a good time to start recommending this brand-new asset class.
It’s hard to think about today… with one bitcoin changing hands for more than $57,000… and the crypto’s rally plastered all over the news.
But back then, bitcoin was trading at about $400. And nobody in the mainstream press was paying it much attention.
But Teeka was… And last month, he recommended his readers take profits on crypto positions in the model portfolio that had risen as high as 3,976%… 17,613%… even 38,055%.
The thank-yous have been pouring in. For example…
Big T, thank you, thank you, thank you. I’ve pulled down probably a little over $2 million already, and we’re just getting started. Keep it coming, my friend. Hope to meet you someday.
– Tony C.
I (Chris Lowe) will have more for you from Teeka below… including more of the moving emails Teeka’s readers have sent in… at the end of today’s dispatch.
You’ll also hear from our globetrotting gold investor, Tom Dyson, on what gives the U.S. dollar its value.
First, our tech-investing expert, Jeff Brown, answers a question on 6G. That’s the next generation of wireless internet technology. It’ll come after 5G, the technology rolling out right now.
As Jeff wrote recently at his free tech-investing e-letter, The Bleeding Edge…
While the 5G boom is gaining steam, industry insiders are already starting to work on developing 6G technology.
Companies like Apple (AAPL) and Samsung (SMSN) have been hiring engineers specifically to work on the next generation of wireless networks. They are starting to engage with standards groups and industry bodies to design the core framework around what 6G will look like.
It prompted one reader to wonder about the feasibility of 6G…
Reader question: 6G may be the logical progression from 5G. But under currently available technologies, I do not see 6G being a practical alternative with a range of 500 feet.
In my opinion, an alternative solution to the tower needs to be found. For example, a network of low-flying drones. But they would need to be wirelessly powered from base stations. The next technology challenge?
– Alan H.
Jeff’s response: Hi, Alan, and thanks for writing in.
I agree. It’s hard to imagine doubling the number of 5G base stations. As I’ve been showing my readers, 5G networks need 5 to 10 times more base stations than our current 4G networks.
But 10 years ago, many in the industry thought the small cell architecture of 5G was impossible.
However, it may surprise you to learn that, in some places, we already have wireless networks with base stations within 500 feet of one another.
I lived in Japan for the better part of 20 years. The wireless network coverage there was extraordinary. Subway tunnels, underground shopping centers, dense office buildings, and complexes all had perfectly contiguous coverage. That’s because the network was built out for dense populations.
Your idea of enabled network coverage by drones is a good one. Looking 10 years out, battery technology will have advanced significantly. Assuming there’s enough energy density to power the drone and the base station on the drone, this may be possible for a time.
If a wireless network needed to be deployed over a remote disaster area without coverage, or there was a pop-up event in an area that didn’t have 6G, a fleet of drones could be deployed to give coverage for a few hours.
We’ll have fully developed autonomous technology by then, so network coverage will be remarkably easy to deploy.
The biggest development we’ll see in 6G is artificial intelligence. It will be woven into the fabric of the 6G network. This will allow these networks to be “intelligent” and capable of managing network traffic dynamically as necessary.
I’m excited to see how 6G develops over the next few years. I’ll be sure to keep all my readers here updated on anything I learn…
Next up, a question about something that’s on a lot of folks’ minds these days… the value of the U.S. dollar.
Standing by with an answer is globetrotting gold bug Tom Dyson. As he’s been explaining to readers of his e-letter, Postcards From the Fringe, he believes the value of the U.S. dollar will plunge over the next decade as inflation and currency debasement heat up.
Reader question: Could you please explain what, how, who controls the devaluation of the U.S. dollar? I just can’t get my head around how it works.
Tom’s response: It’s really simple.
The value of the U.S. dollar is determined by supply and demand in the currency markets. Sometimes, governments intervene in the currency markets to manipulate exchange rates.
It happens all the time. And there are lots of different ways to do it (direct purchases, interest rates, currency controls, inflation, etc.).
If the U.S. government decided it wanted to devalue the dollar through direct intervention, I think it’d probably organize some kind of meeting like the Plaza Accord of 1985 or the Bretton Woods setup in 1944.
If the feds wanted to do it unilaterally, they could just encourage inflation and let market forces do the work for them…
Switching gears… one of Teeka’s readers has a question on pre-IPO shares. These are shares you can buy before a company goes public (via an initial public offering, or IPO) and lists its shares on an exchange for the first time.
As regular readers will know, Teeka recommends pre-IPO shares at our Palm Beach Venture advisory. And the first of these recommendations – taking advantage of a kind of private deal called a Regulation A+ deal – is up 95% since he recommended it in June 2019.
Reader question: I was wondering: What would happen to these pre-IPO shares if the market had a big downturn that lasted for several years?
Would these companies still go ahead with their IPO plans, or would it put their IPO plans on hold for years until the market recovered?
Or worse, would they cancel the pre-IPO? If they did, what would happen to our money that’s already invested in the pre-IPO shares?
– Michael E.
Teeka’s response: One of the good things about a successful Regulation A+ campaign is it gives a company options. After raising funds, it can stay private and grow. Or it can pursue the opportunity to go public and list its shares on an exchange.
In the event of a market downturn, I wouldn’t be surprised to see companies pause plans to go public. I also wouldn’t be surprised to see them use their cash hoards to scoop up publicly traded competitors on the cheap.
This would be a great way to go public – buy revenues and strike when acquisition targets’ shares are selling cheap.
Regardless of the path a company chooses, your shares are secure. They won’t vanish if a company doesn’t go public in a set amount of time.
The biggest risk for Regulation A+ deals is the same as the biggest risk for shareholders in any company – bankruptcy. In a bankruptcy, there’s a chance the share value will drop to zero.
I’ll leave you with those emails from Teeka’s readers I promised you up top.
Thanks, Teeka and your team, for the best investment I’ve ever made! I turned $298 into $41,867 investing in Binance Coin (BNB). It was tough holding on from 2017 through the “crypto winter,” but I’m very happy I did, to say the least.
– Erik K.
I started investing in crypto in 2018, which was a really tough time to stay invested. I was down well over 60%. But because of you and your continuous updates, I not only held on to my original investment, I bought more bitcoin (BTC) at the 2018 market lows. I also bought several altcoins you recommended.
Today, I couldn’t be happier with staying the course. I am now up $350,000. For me, this is mind-blowing, as I have never had a six-figure return on any other investment I have made. It has been a volatile ride, but also an incredible one. I truly appreciate all you do and look forward to what comes next.
– Kevin L.
Just a quick note and thank you to Teeka… Sitting on $1.2M after the crypto pullback and grinning ear to ear. Back in ’18 when things tanked, I waited out until the bottom and then bought more of all my holdings in ’18-’19. And now comes the payoff. I did take just a little off the table early this week, but won’t take a lot off the table anytime soon.
– Kevin B.
Teeka, thank you for the immense effort you make for people like me, strangers to the world of big money. As a family doctor in the Netherlands, I was dedicated to my patients. Now in retirement, I try to earn by investing for my children, who are financially not safe.
In 2017, I started with crypto after reading your recommendations in The Palm Beach Letter. I became a Palm Beach/Legacy subscriber for life. After having some losses in the crypto winter, I bought some coins on the bottom.
Now my portfolio is going up like a Californian fire. Big gains on BTC and a lot of other coins will provide me with the money enabling me to care for my children and others in need. I fear we will get dark times. It is good to have a shelter. I cannot thank you enough. Hope you will be safe and in good health.
– Jan V.
If you have a question or comment for anyone on the Legacy team, be sure to send it to [email protected].
Have a great weekend.
Regards,
 |
Chris Lowe
March 12, 2021
Bray, Ireland