Crypto is the fastest-growing asset class in the world…
It’s also been one of the biggest sources of profits for Legacy Research readers who’ve followed the recommendations in crypto expert Teeka Tiwari’s model portfolios.
For example, Teeka’s top open crypto recommendations at our Palm Beach Confidential advisory are up 8,706%… 13,649%… and 18,650%…
I (Chris Lowe) have spilled a lot of digital ink on why we’re still in the early innings of the crypto rally.
Another trend I’ve written to you about a lot lately is the IPO boom.
The U.S. IPO (initial public offering) market is on fire as private companies rush to take advantage of the 72% rise in stocks since last March’s lows.
Our readers have had the chance to profit from this megatrend, too.
At our Exponential Tech Investor advisory, colleague Jeff Brown has given his readers the chance to earn 306% on a recommended IPO play.
And at our Palm Beach Venture advisory, Teeka has given his readers the chance to make gains of 228%… also on a recommended IPO play. He expects the total return to be close to 4,000% when he finally recommends his readers sell.
So today, I’m shining the spotlight where these two megatrends collide – a raft of expected crypto stock IPOs in 2021.
It’s more confirmation Teeka’s “script” for widespread crypto adoption is playing out.
With some important caveats I’ll mention later, crypto IPOs are shaping up to be white hot this year.
IPO day is the first day you can buy shares listed on a public stock exchange such as the New York Stock Exchange or the Nasdaq.
In 2020, more stocks doubled on their IPO days than in any year since the tech boom of the late 1990s.
Take vacation rental firm Airbnb (ABNB)… The popular online rental home marketplace soared 113% from its IPO price on its debut last year.
Or take AbCellera (ABCL)… This biotech stock closed its first day of trading up 195% from its IPO price.
Another gauge of how new IPO stocks have been performing is the Renaissance IPO ETF (IPO).
It’s an exchange-traded fund that tracks 49 of the most significant stocks to IPO recently.
As you can see, it’s up 131% since the start of 2020. That compares with a gain of 19% for the S&P 500 and a gain of 51% for the tech-heavy Nasdaq.
But this boom in IPOs is far from over…
He’s on a mission to help as many of his readers as possible become millionaires.
And I’ve rarely seen him more excited about an opportunity to help his subscribers really move the needle on their wealth. Teeka…
2020 was the biggest IPO boom on record. But that’s just the top of the first inning…
I believe what’s coming to the IPO market in 2021 could even become the greatest stock market wealth-creation opportunity in history.
And after the massive gains some investors realized in the 2020 IPO boom, that’s saying something.
Since its low last March, the world’s most valuable cryptocurrency, bitcoin, is up 601%.
The world’s second-most valuable cryptocurrency, ether (ETH), is up 1,207%.
And the top 10 cryptos by market value are up an average 515%.
So we’re talking gains of between 463% and 1,156% more than the gains in high-flying Nasdaq tech stocks.
And widespread crypto adoption keeps rolling on. Wall Street bigwigs, like JPMorgan Chase CEO Jamie Dimon – who famously denounced bitcoin in 2017 – are warming up to crypto and its underlying blockchain technology.
They’re fans of the fees they can generate from these currencies. And crypto IPOs are another part of Wall Street’s bid to profit from the rise of bitcoin and other cryptos.
Despite what the naysayers have been claiming, the crypto market isn’t going away. It’s only just getting started.
In crypto jargon, companies that provide the computing power to run crypto networks are called blockchain miners.
And lately, blockchain mining stocks have blown away even the gains in cryptocurrencies.
It’s something our paid-up Crisis Investing subscribers know all about.
Last September, Crisis Investing chief analyst Nick Giambruno began recommending best-in-breed blockchain mining stocks to them.
Since then, the top performer, Riot Blockchain (RIOT), is up 615%.
And the average gain for the four blockchain mining stocks Nick recommended is 351%.
RIOT and Nick’s other recommendations are well above their buy-up-to prices. But as I mentioned above, there’s a raft of new crypto stock IPOs on their way in 2021.
That’s according to Renaissance Capital, the company behind the IPO ETF.
And they’re not all blockchain miners.
In December, the largest cryptocurrency exchange in the U.S., Coinbase, filed for an IPO.
And bitcoin billionaires Cameron and Tyler Winklevoss say they’re considering taking their crypto exchange, Gemini, public. They’ll do that through either a regular IPO or an acquisition by a “blank-check company,” or SPAC.
SPAC stands for special purpose acquisition company. It’s a way to take a company public outside of a traditional IPO.
Crypto trading platform Bakkt also says it plans to go public through an acquisition by a SPAC.
And two bitcoin mining equipment makers out of China are also eyeing IPOs.
You see, crypto IPOs are another part of Wall Street’s bid to profit from the rise of bitcoin and other crypto.
I’ll have more for you on these IPOs in future dispatches as we get a clearer picture of what’s ahead.
Meantime, I strongly recommend you take the time now to familiarize yourself with how the IPO market works… and the best ways to play it.
I hope I’ve convinced you there’s real opportunity in IPO stocks in general. But it’s not a free lunch. There are also some serious potential pitfalls.
Take it from Teeka…
As I said, the IPO market in 2021 could be the greatest stock market wealth-creation opportunity in history. I believe we’ll see opportunities with the potential to turn $100 into $100,000… and even more.
But what most folks don’t realize is there are two types of IPOs.
There’s what I call a “Hype Hole” IPO path and a “Blueprint” IPO path. And which path you choose could determine whether you achieve a new level of financial freedom… or get skinned alive.
Based on my research, the “Hype Hole” path is already slashing investors’ wealth by 52%… 66%… 79%. In contrast, the “Blueprint” path is making Wall Street $100 million… $700 million… $4.6 billion… on IPO day.
If you want to use IPOs of any kind to build your wealth this year, it’s critical you go down the right path.
That’s why, on Wednesday, January 27 at 8 p.m. ET, Teeka is hosting his first big online event of the year – Freedom 2021.
He’ll train you on how to spot the difference between the “Hype Hole” path and the “Blueprint” path. It’s free to attend as a Daily Cut reader.
As a special bonus for registering, you’ll get free access to Teeka’s three-part IPO masterclass. You’ll also have the chance to get access to the top Blueprint IPO opportunity on his radar.
If you haven’t already, you can reserve your spot here.
Regards,
 |
Chris Lowe
January 25, 2021
Bray, Ireland