Crypto’s Big Week in Two Headlines
Amanda Heckman|November 13, 2021
In January, Andy made a bold prediction about the crypto market.
He said its total market capitalization would reach $3 trillion this year. At the time, it was at $1 trillion.
Well, his prediction came true this week. On Tuesday, the crypto market hit a $3 trillion value.
Nailed it.
We’ve been calling 2021 the “Year of Crypto” and have covered every major development in the sector… but what happened this week can be summed up in two headlines.
Here’s the first…
We’re a far cry from worrying about the government banning crypto. Now governments are racing to see who can adopt it the fastest.
Cities are fighting over which will become the crypto capital of the U.S., with a number of mayors across the country now saying they want to be paid in Bitcoin.
First it was Miami’s mayor… then New York City’s… then Miami’s again… and now Tampa’s mayor has jumped into the fray. And let’s not forget the mayor of Jackson, Tennessee.
It’s another step in bringing cryptocurrency closer to everyday folks. Governments have finally opened their eyes to crypto’s potential. They’ve finally admitted that adopting the technology would be a boon for their cities… with benefits ranging from helping their unbanked citizens to luring the best and the brightest to develop their crypto infrastructure.
Now let’s pair that first headline with this one…
Apple’s Tim Cook is the latest billionaire to throw his support behind crypto. This week he said he owns cryptos as “part of a diversified portfolio” and has been researching them for his own interests.
Perhaps…
Cook joins a long line of business tycoons and billionaires (think Elon Musk, Mark Cuban, Peter Thiel, Jack Dorsey) who see the value in owning these transformative assets and have their eyes on the future.
While he admitted his company is looking into cryptos, Cook said Apple has no immediate plans to launch any crypto-related products.
We say it’s only a matter of time.
America’s private sector has been leading the charge for crypto adoption. Every new disclosure… and every new project from folks like Cook… sends the crypto market rocketing higher.
So let’s do some simple math.
When you put these two headlines together, you get this:
When the public and private sectors agree, that means there’s big money to be made. (Just take a look at the surging electric vehicle sector.)
A record market cap and new highs for both Bitcoin and Ethereum are proof of that.
The crypto market is exploding… and there’s no end in sight. The gains we’re seeing are unprecedented in the investment world… in terms of both their size and their speed.
Some of these cryptos can move 1,000% or more… in a single day!
That’s why Andy’s developed a strategy that helps him predict the movement of cryptos. It could lead you to some of the biggest moves… in one of the hottest sectors anybody has ever seen.
Get all the details on how you can get a chance to be on the next rocket ride here.
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.
