Chris’ note: Last week, federal regulators launched lawsuits against America’s biggest crypto exchanges, Binance and Coinbase. Since then, top coins have been tumbling amid unusually sharp crypto market volatility.

But world-renowned crypto investor Teeka Tiwari says it’s not a reason to panic. Quite the contrary. He sees bitcoin going up 5x over the next two years as adoption accelerates.

Teeka covered it all in his livestream event last week. So, if you’re interested in learning more, catch up on that here. Below, he addresses some of the most burning questions he got from attendees… and shares his price predictions for bitcoin.


Q&A With Teeka Tiwari, Editor, Palm Beach Daily

Q: When will we see a new high in bitcoin? What are your price targets for 2023 and 2024?

Teeka: I’m not Nostradamus. But bitcoin tends to see new highs within about a year of a halving event.

That’s when the programmatic issuance of new bitcoin into circulation is cut in half – hence the name. That occurs roughly every four years. The next halving is due in May 2024.

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Right now, bitcoin is trading just shy of $21,000. I predict it will trade above $100,000 sometime over the next two years. By the end of this decade, I see it trading closer to $500,000.

Will it go up in a straight line?

No. It’ll be a rollercoaster ride. That’s the way it’s always been with bitcoin.

I’ve lived through more 50% drops in bitcoin than I have with any other asset class in my life. I’ve also lived through a few 85% drops.

So, I’ve always urged my readers to zoom out and focus on the big picture.

In 2016, I said bitcoin is going to $20,000. And it hit $20,000.

In 2018, I said it’s going to $40,000. And it went to $40,000.

Then I said we would next hit $60,000, and a few weeks later we reached that milestone.

This is a process of adoption. You can complicate it all you like. But as adoption accelerates, we’ll see higher prices.

It’s one of the most important lessons I learned during my career on Wall Street.

When I bought Microsoft shares in 1990, for instance, only 15% of homes had a desktop computer. In 2022, nearly 93% of households had one.

To make money on Microsoft, all you had to know was that it was a virtual monopoly… and that desktop computers would soon be in every home.

That meant focusing on the big picture, not on short- and medium-term narratives.

In Microsoft’s case, the short-term narrative was that folks wouldn’t want a “business machine” in their house. The medium-term narrative was that IBM would displace Microsoft with its own operating system.

From time to time, drops in the share price would amplify these narratives. And investors would push Microsoft’s stock even lower.

But if you focused on the big picture – that just about everyone would own a Microsoft-enabled PC – then you saw those dips as buying opportunities.

To confirm that narrative, all you had to do was track the sales of Microsoft operating systems. They were through the roof, dwarfing the sales of their competitors.

It’s the same for bitcoin. The regulatory clampdown underway means there are lots of negative short- and medium-term narratives around crypto right now.

But I don’t see those slowing adoption over the long run. In fact, sensible regulation around crypto will lead to faster acceptance.

And don’t forget, we saw regional banks hemorrhage deposits this year. In the first quarter, $472 billion left the banking system. This was the fourth straight quarter of deposit flight from banks.

Much of that cash went into Treasury bonds and money-market funds. But it’s not a coincidence that bitcoin was up as much as 82% this year.

And as I talked about during my livestream event last week, there’s a new development that’s even more impactful than the banking crisis. It’s set to drive crypto user growth to 5 billion by 2030.

That’s a huge opportunity for folks who invest today. And if I’m right, it could even be the last chance to make life-changing gains in crypto. Once the adoption goes mainstream… and the crypto market matures… the explosive rallies will be gone forever.

Q: I’m a big believer in crypto. How do I get the people I love into this asset class? Their minds are closed. And I feel like they’re missing out.

A: I can sympathize with your situation. No matter how much money I’ve made for myself and my readers in crypto, some people can’t get their head around this new asset class.

I had a similar experience when I was on Wall Street and Apple came out with the iPhone. I would say to clients, “This is transformational. This is a game-changer.” They would fire back, “Oh, that’s just for kids. It’s just a toy.”

Even former Microsoft boss Steve Ballmer – a guy who’d spent years in tech – dismissed the iPhone when it launched.

If people have a closed mind, there’s nothing you can do for them. But you should thank your lucky stars you’re open-minded enough to see the opportunity ahead.

The beautiful thing about this asset class is that it’s still so new. So you don’t need to invest a lot to make a lot.

It’s not like the stock market. It’s so large you must already be rich to make life-changing gains. The blue-chip S&P 500 index, for instance, typically returns 10% a year.

And unless you already have a lot of money, that kind of return won’t make a lot of difference to your lifestyle.

Today, the top open crypto recommendations in the model portfolio at my crypto-focused Palm Beach Confidential advisory are up 255%… 507%… 6,804%… and 19,279%.

Investing $1,000 in each of those recommendations would have turned $4,000 into $272,450.

To become a crypto millionaire, you’d have had to invest just $16,000.

Maybe the best thing for you to do for your loved ones is to buy them some bitcoin. Store it in a wallet… give it to them… and tell them to hold on for at least the next two years.

Then they can experience the gains themselves.