Three Reasons the Crypto Market Says “Buy NOW!”
Amanda Heckman|May 28, 2022
Crypto investors (and crypto skeptics), take note.
While the crypto market is down… it is FAR from out.
In fact, smart investors would be wise to take advantage of the low prices…
Because after the bullish news this week, those prices won’t be down for long.
Welcome to Davos
A little event called the World Economic Forum (WEF) took place this week in Davos, Switzerland. The conference draws leaders from government, business and the nonprofit sector to debate the world’s most pressing economic issues.
Unsurprisingly, inflation, interest rates and worries about a global slowdown ruled the conversation.
But crypto also took a seat at the world’s biggest business table this year. Attendees were greeted by billboards at the Zurich airport and the Davos train station. They walked past stalls and pavilions along the promenade that leads to the main WEF meeting space.
Crypto was everywhere, and folks couldn’t escape its gaze.
Indeed, after chowing down on $50 burritos, world leaders sat in on panels and discussions about the future of digital money… its role in the global economy… and the need for clarity in crypto regulations.
Crypto’s presence at Davos is proof of just how seriously world and business leaders are taking the sector.
Banks ❤️ Crypto
One business leader taking crypto seriously is Jamie Dimon. Once a die-hard skeptic, the CEO of JPMorgan Chase is now singing a very different tune.
As Andy told his Alpha Money Flow subscribers this week…
Once calling crypto worthless, Jamie Dimon’s bank recently bought into blockchain intelligence company TRM Labs… and even invested in assets within the metaverse – an industry it says could soon be worth $1 trillion in annual sales.
Even bigger, JPMorgan believes Bitcoin is undervalued by nearly 30%. And the bank is replacing real estate with crypto as its “preferred alternative asset class.” JPMorgan analysts wrote…
A potential lagged repricing keeps us more cautious on private equity, private debt and real estate over the coming quarters. We thus replace real estate with digital assets as our preferred alternative asset class along with hedge funds.
That’s huge.
Andy said it best: “To those who say crypto is dead… even Wall Street’s stalwarts say think again.“
Nothing Like It
And it’s not just Wall Street. Nothing says an industry is being taken seriously quite like 50 pieces of legislation.
And that’s exactly how many crypto bills and resolutions have been introduced in Congress… covering crypto regulations and taxes, blockchain funding, and other facets of digital currencies.
There’s no telling how far any of these proposals will go… but their scope and breadth sure underscore just how important crypto has become… not just to investors but also to consumers and our economy.
Finally, here’s a fresh stat that will drop the jaws of many crypto deniers: 1 in 5 stocks in the S&P 500 are now more volatile than Bitcoin. It is not the volatile beast that many say it is.
And it’s not just small, risky stocks… Amazon, Netflix and Under Armour are all more volatile than the king of crypto.
Anyone quick to dismiss crypto is simply not taking the long view… The news this week proves crypto is no passing fad. It’s positioning itself to become a critical part of our financial and economic systems.
And this dip is a perfect opportunity to buy as crypto’s story continues to unfold.
Amanda Heckman
Amanda Heckman is the editorial director of Manward Press. With unrivaled meticulousness, she has spent the past dozen or so years – give or take a few sabbaticals – sharpening Andy’s already razorlike wit. A classically trained musician and a skilled writer in her own right, Amanda takes an artistic approach to the complex world of investing. Her skill has led her to work with numerous bestselling authors, award-winning financial gurus and – lucky for us – the fine folks at Manward Press.
