The last time I was “obsessed” with a new technology, you could have turned every $1 into nearly $50

From Teeka Tiwari, editor, The Palm Beach Letter: They thought I was nuts.

Back in 2003, I was transitioning from my retail money-management business to managing an exclusive hedge fund.

My parting gift to my retail clients was Apple (AAPL). But not everybody was on board.

When I told them about Apple, they thought I was crazy…

Many of my clients were skeptical. I understood why. At that time, Apple was trading at the same price it had been in 1982. The stock price had done nothing in 21 years.

But I knew Apple had a new technology in the pipeline. It was the iPod. Up until then, you could only use the iPod on an Apple Mac. In 2002, Apple announced that it was finally rolling out a PC version.

This was a huge shift. All of a sudden, the hottest music player in the world would be available to the biggest pool of technology buyers in the world. This was a no-brainer investment.

Why didn’t everyone jump on it?

The reason is simple. Apple was deeply misunderstood. People saw the iPod as a niche product. I saw it differently. I saw the iPod as the new generation’s Walkman. (The Walkman was the personal cassette player made by Sony that had dominated the 1980s.)

But the ones who believed in me had the chance to make a small mint.

Over the next decade, a $1 million investment would have ballooned to over $49 million.

The iPod was once a disruptive technology. It almost single-handedly killed off the compact disc (CD). It also was one of those once-in-a-lifetime opportunities to make a fortune investing in a truly groundbreaking idea.

My friends, I don’t recount this story to brag… but to show you why it’s so important to get into a revolutionary idea as early as possible. The results can be life changing…

My “obsession” with cryptocurrencies

For several months, I’ve been on the soapbox preaching the virtues of cryptocurrencies. I’ve been so bullish on them that I’ve even received letters from subscribers calling called me “obsessive.”

And that’s fine. I understand why it may seem that way to you.

But consider this… If I wasn’t so “obsessive” with my retail clients back in 2003 (I had to drag them kicking and screaming into Apple at the time), they would have missed out on the iPod 49-1 money train.

So there’s a reason for my bullishness… I don’t want you to miss this opportunity before it slips away… And time is running out…

Building the blockchain

The game-changing technology I’m referring to today is called the blockchain.

The blockchain is the backbone of the cryptocurrency industry. It tracks the transactions of digital money like a traditional ledger tracks bank transactions. Think of it as a secure, decentralized digital ledger.

Here’s why the blockchain will be so revolutionary…

Not only is it the transaction system for the burgeoning digital currency industry… Soon, you’ll be able to conduct all kinds of other transactions—from trading stocks to buying real estate—on the blockchain… in a fraction of the time and cost that it takes to do them today.

Here’s an example of what I’m talking about…

Just last month, I told you about the first international trade deal ever conducted over the blockchain. It was facilitated on Sept. 7, 2016, by Barclays Bank. It involved the trade of $100,000 in butter and cheese.

What’s so amazing about this rather mundane trade?

Normally, trades like this take an average of 10 days to complete… and require hundreds—sometimes thousands—of documents to be signed. But Barclays completed the trade using the blockchain—digitally—in a mind-blowing four hours.

The finance trade industry conducts $2 trillion in transactions each year. It’s more than 400 years old. And the blockchain completely changed the game in four hours. Think of all the savings (and reduced paperwork) this new technology will create for the industry.

That’s what a disruptive technology looks like. But not everybody recognizes it yet. Just like they didn’t recognize the how disruptive the iPod would be.

This is huge news that’s flying completely under the radar.

It’s not being reported in the mainstream media… and few in the public even know what the blockchain is yet. (Ask your family and friends if they’ve ever heard of it; the answer is likely “no.”)

So now is the perfect time to get in… when the technology is about to take off but right before the herd comes storming in. If you wait too much longer… you’ll be too late.

For the skeptical among you…

Not convinced this technology is set to explode? Well, there’s more… Events are unfolding quickly. In addition to the Barclays trade, just this past month:

  • Apple approved six digital currencies, including bitcoin, for payment on its iOS devices.

  • Blockchain company Ripple announced a funding round of $55 million.

  • Global accounting firm KPMG launched blockchain services for banks and other financial institutions.

  • The Sydney Stock Exchange declared its intention to move to blockchain settlement.

  • Several groups and nations formed blockchain alliances and committees.

And that’s just a small sampling of what’s going on right now, “hidden in plain view.”

The writing is on the wall, my friends. The blockchain is rapidly becoming a reality.

Soon, the mainstream media and public at large will be hip to it. But by then, the upside will be gone… So the timing is urgent.

That’s why I’m going to hold your feet to the fire. And that’s why I’ll continue to pound away until you realize this opportunity… just like I did with my clients back in 2003 until they saw the light about Apple.

Digital money is leveling the playing field for the Little Guy

When I first recommended cryptocurrencies like bitcoin, I did so as a chaos hedge. Like gold, cryptocurrencies are an asset that will protect your wealth from negative interest rates, central-bank money printing, and potential government confiscation.

Another reason why I like them is because they provide financial privacy. Although the blockchain is a public ledger that tracks transactions, the purchases themselves are anonymous. Each block (transaction) in the chain is like a tiny bit of code… but the identities of each block are kept private.

This is a revolutionary new asset class… and it’s giving people their financial freedom back by decentralizing money.

But digital currencies are also decentralizing investing… and leveling the playing field for the Little Guy.

Here’s what I mean…

The biggest gains from technology (for instance 1,000%, 10,000%, or more) come from investing in private startup companies before the public at large hears about them.

Think about “unicorns” like Uber, Airbnb, and Dropbox.

[A unicorn is a private startup company with a valuation of more than $1 billion.]

A few years ago, no one would have ever thought about ride-sharing (Uber), peer-to-peer property rental (Airbnb), or cloud-based storage systems (Dropbox).

Today, these companies have private valuations of $68 billion, $25.5 billion, and $10 billion, respectively. They’re changing how we do business. (Uber is upending the taxi industry, Airbnb is disrupting hoteling, and Dropbox is transforming the way we store data.)

But only the “big boys” on Wall Street and in Silicon Valley are allowed to invest early in these type of companies. If you aren’t an accredited investor worth at least $1 million in net assets, you’re out of luck.

That’s changing with the blockchain… It’s leveling the playing field for the Little Guy. You only need a couple hundred dollars to invest in these “digital” startups.

Let me show you what I mean…

The new way to invest in a startup… for less than $13

As I mentioned above, each blockchain is run using its own cryptocurrency (such as bitcoin)…

The currencies are “money” that can be spent or saved… but they also act as “shares” in the flourishing blockchain industry.

That’s because as more people use a blockchain, its “shares” increase in price.

Unlike most startups that require you to be an accredited investor, anyone can buy “shares” in a blockchain’s technology just by purchasing its cryptocurrency…

Currently, I recommend you devote a small portion of your portfolio to bitcoin as a chaos hedge to protect against times of economic turmoil. But there’s still plenty of room for bitcoin to appreciate.

It’s market cap is about $10 billion… with plenty of room for more growth as the blockchain replaces other technologies.

But bitcoin isn’t the only digital currency I’m bullish on. My team and I have scoured hundreds of them… and unearthed one that’s poised to become the “next bitcoin.”

Currently, it’s trading at $13 per coin and is up nearly 30% since I first recommended it to current Palm Beach Letter subscribers in April.

It runs on a new blockchain—a “blockchain for everything”—created by a former bitcoin programmer. And major tech titans IBM, Samsung, and Microsoft have just bought in (Microsoft “green lighted” millions of developers to work on it).

You can claim your free copy of the report here… And we’ll even show you how to collect some “next bitcoin” for free. Current PBL subscribers can review the report right here.

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