Maria’s Note: Today’s insight comes from Teeka Tiwari, whose Wall Street roots go back a long way. Before he left the Street to become a world-renowned cryptocurrency expert, Teeka was the youngest VP in the history of investment-banking giant Shearson Lehman.
Below, Teeka exposes Wall Street’s “MO”… and how you can use it to your advantage…
By Teeka Tiwari, editor, Palm Beach Daily
Wall Street makes its big bucks by spinning up financial products like exchange traded funds (ETFs) and derivatives. Banks and brokerages can then charge transaction and management fees on these products.
They’re the lifeblood of the Wall Street profit machine. But the fee machine is slowing down.
Over the last decade, Wall Street profits from managed funds and security products have decreased by about 24%.
Altogether, Wall Street saw $458 billion in assets flee into low-cost index funds in 2018. And we estimate it lost as much as $18.3 billion in fee revenue in 2018 as investors left active funds for low-cost funds.
The point is: Wall Street is greedy… and its fund fees are shrinking like a snowman in summer. Add in the recent decision by major online brokerages to get rid of stock commissions, and you can see Wall Street has a big hole to fill in its income statement.
That’s why Wall Street firms are salivating at the chance to get into the crypto business.
As a new asset class with no defined rules yet, they can charge just about whatever they want for any new crypto-related securities they end up creating.
That’s why established players such as NYSE parent company Intercontinental Exchange (ICE), Nasdaq, TD Ameritrade, and Fidelity Investments are all planning to bring crypto to their clients.
These Wall Street firms are smart. They know the average investor isn’t going to bother with digital wallets and multiple exchanges to buy and store crypto.
So they’ll launch products to “help” investors better navigate the sometimes complex waters of crypto investing.
There are nearly 500 million stock investors in the world compared to 35 million crypto investors. That’s wildly bullish for crypto…
Friends, hear me out when I tell you we’re at the very beginning of the biggest rotation from one asset class (stocks) into a new asset class (crypto) we’ve ever seen in our lifetimes.
Wall Street’s presence will usher in a wave of demand for crypto assets the crypto market has never seen before.
And I can tell you this: The world’s two largest cryptos – bitcoin and Ethereum – will be significantly higher than they are today.
At the time of this writing, bitcoin is around $7,860 and Ethereum is trading at about $200. They’re up 9% and 54%, respectively, since the beginning of the year.
But they have plenty of runway left. As the demand for cryptos grows, a tiny stake could turn into life-changing gains.
– Teeka Tiwari
P.S. The rallies in bitcoin and Ethereum will be nothing compared to what I see coming for the coins I call “The Final Five.” These are the last five tiny cryptos that a rare phenomenon will send soaring so high… $500 stakes in each could mint new crypto millionaires.
To prove it, I’m doing something never been done before in the history of our industry.
I’ve chartered a private jet and taken strict precautions to keep its destination secret. And on Wednesday, March 18, I’ll take you along to the hidden epicenter of this millionaire-making phenomenon during a special event from inside my private jet…
I picked the No. 1 performing cryptos in 2016, 2017, 2018, and 2019. So if you want to make the biggest profits in crypto in 2020, you need to know the name of these five tiny coins. Click here to register.