We Could See 26 Million New Bitcoin Investors by the End of 2017

Fidelity Investments is about to create 26 million potential bitcoin buyers…

Fidelity is the fifth-biggest asset management firm in the U.S. The firm has $2.3 trillion under management.  

On the outside, it looks like any traditional financial services company…  

It runs a brokerage firm. It manages mutual funds. It provides investment and retirement advice. And it offers life insurance.

Your company may even use Fidelity’s payroll services.

But here’s something that the firm’s 26 million individual investors might not realize…

A growing portion of that $2.3 trillion in assets is coming from bitcoin…

You see, Fidelity CEO Abigail Johnson is “a firm believer in bitcoin.”

And she doesn’t just talk the talk. She walks the walk.

Recommended Link

Free Emergency Cryptocurrency Briefing
For the first time ever, expert Teeka Tiwari and the co-founder of the world’s second-most popular crypto are joining forces on November 2nd for a free special event called: Why 2018 Will Be the Best Year Yet for Cryptocurrencies. You’ll have the chance to claim free Bitcoin during a special Giveaway. Free access here.

Fidelity allows its 40,000 employees to buy coffee or lunch in the company’s cafeteria with bitcoin. That’s all fine and dandy. But what really caught our attention was this…

Johnson says Fidelity recently opened a bitcoin mining operation. And it’s turning a profit. Johnson’s own words, per the online magazine Quartz:

I’m one of the few standing before you today from a large financial services company that has not given up on digital currencies. […] We set up a small bitcoin and Ethereum mining operation… that miraculously now is actually making a lot of money.

This is just the latest bullish news for bitcoin. Here’s why…

The first bitcoin miners were computer geeks living in their parents’ basements

Fidelity’s entry into the crypto mining space suggests that institutional money is not far behind. And that’s bullish for bitcoin.

But that’s not the only bullish signal we’ve noticed…

Buried under that news was an even bigger story… about millions of potential new bitcoin buyers…

It’s a story you won’t hear anywhere else. And I’ll tell you what it is—and how to profit—in a moment.

Recommended Link

New currency law could send Bitcoin to $10,000 by January
A new currency law – which has received almost zero press coverage – could send Bitcoin and a handful of lesser-known cryptos soaring by January. Expert Teeka Tiwari is holding an emergency briefing on November 2nd to give you all the details. In fact, Teeka’s so bullish that he’s giving away some Bitcoin during this free event. Register here.

The Floodgates Are Opening

It’s no big secret that we’re fans of cryptocurrencies at the Daily.

Bitcoin is up 1,103% since our very own Teeka Tiwari recommended it in April 2016. And Dash is up 1,014% since Teeka mentioned in the February 26 Daily.

And that’s before institutional money started to take notice…

I told you in August that dozens of hedge funds are entering the cryptocurrency market. Once these funds are set up, billions of dollars in capital will follow them.

As I wrote then:

These funds were early backers of social media companies like Facebook, LinkedIn, and Twitter… They’ve multiplied their money 100 times or more on these investments.

When these guys make investments, we should take notice.

Fidelity is just the latest example of this. And here’s why you should take notice today…

Recommended Link

New Law Means All Cars Must Have This Part
The U.S. gov’t is on the verge of passing a law that will shock the auto industry. You see, by the end of 2017, every single car in America could be required to have this advanced computer on board. As a result, one company could see its share price rise as much as 1,500% or more over time.

A New Pool of Bitcoin Buyers

In addition to its bitcoin mining operation, Fidelity will now allow its clients to see their cryptocurrency assets on the company’s website.

Fidelity began testing the new service in August. The company has partnered with cryptocurrency exchange Coinbase to make the feature available. 

Fidelity customers must already have a Coinbase account to take advantage of the service.

This huge news has been flying under the radar…

Coinbase is the country’s largest bitcoin exchange. It has nearly 11 million users.

Remember, Fidelity has 26 million individual investors. And more than 40,000 employees. That’s more than double the number of current Coinbase users.

Fidelity’s entire investor base will now have potential access to the country’s largest bitcoin exchange. That makes them all potential bitcoin buyers.

Of course, we’re not saying all 26 million will use this feature. But if just a small percentage do… that will be a flood of new customers.

So, now’s a good time to get in… ahead of all those potential new buyers.

Regards,

Nick Rokke, CFA
Analyst, The Palm Beach Daily

P.S. On Thursday at 8 p.m. EST (rebroadcast at 8 p.m. PST), I’m joining my colleague Teeka Tiwari for his special 90-minute emergency briefing.

Teeka’s so bullish on bitcoin that he’s buying $1 million worth and giving it away as part of this event. He’s calling it “The $1 Million Dollar Bitcoin Giveaway.” Everyone who attends will have a chance to claim their portion of this money.

You can register right here.

MAILBAG

From Sheri K.: Not a question, just a comment. Your newsletter offers no value. It teases videos that drone on and on and on and on and on and on and on and on… I am unsubscribing because your free email is really just a free selling vehicle for you. Time is money. And I just wasted a whole lot of it watching your promotions.

Nick’s Reply: We’re sorry to see you go. We know the Daily isn’t for everyone. But we’re proud of what we do here—and of the value we give our readers. Most days, we’re here before the sun is even up because we believe in the Palm Beach mission of helping readers make money safely and smartly.

Just in the last two weeks, we showed you and your fellow readers how to make a safe 17% return on your money by installing solar panels in your home and how to make 12% or more trading gold… Plus, don’t forget our Elite 25 portfolio. It contains companies that are high-quality, cheap, and growing. And we update the Elite 25 every month in our free Daily.

As for the promotions… well, you’re not the first reader to complain about them and you won’t be the last. The fact is, they’re an important part of our business. And no one can explain why better than Bill Bonner, one of the most revered newsletter writers in the business. So, here’s a note he sent his readers a couple of years ago:

We hear from subscribers every day who feel annoyed by and suspicious of promotional offers we send on behalf of our friends, our partners, and ourselves. We even feel that way ourselves from time to time.

Subscribers don’t like to feel like we are preying on them – like a hawk looking for field mice. We don’t like having to work so hard coming up with snappy new sales pitches. We also don’t like it when customers think we are a bunch of shysters.

But the thing is… our model, which relies on sharing offers from our advertising partners, is the most honest way of doing business we can find.

By that I mean it aligns your interests with our interests. Unlike the mainstream press, we don’t make our money from corporate advertisers. Unlike Wall Street, we don’t take commissions or fees from the companies we cover in our newsletters. And we never sell email addresses.

Instead, we sell ideas, information, opinions, and recommendations. What you see is what you get. There’s no more to it. All we have to offer are words… sometimes sober, sometimes wild.

(As economist John Maynard Keynes put it, “Words ought to be a little wild, for they are the assaults of thoughts on the unthinking.”)

In more than three decades in the business, we have built a loyal readership. Our marketing – offering strongly worded opinions and ideas – has helped make that possible. And it is the only thing that makes it possible for us to send out a free daily commentary, for example.

Our daily letter takes about six hours a day to research and write. And there are a half-dozen other people who edit and make sure that it gets sent out.

You get all of that at no cost to you. All we ask is that you keep an open mind about the other products and services that are offered. That’s the deal.

But if you’d prefer not to hear about opportunities from us, you can simply unsubscribe. You’ll find instructions on how to do that in the footer of every issue.

No hard feelings. But we’d be sorry to see you go…

IN CASE YOU MISSED IT…

If you missed America’s “pot stock mania,” here’s your second chance to become a marijuana millionaire. This 58-cent pot stock could soar tomorrow, when Canada votes to legalize marijuana for the entire country.

Posted in Palm Beach Daily
Join our Daily Newsletter

Reading The Palm Beach Daily will help you grow your bottom line and live a happier life in just three minutes a day.