|By: Tony Sagami
After every market stumble, thousands of investors swear off stocks and vow never to buy another share again. The number of investors simply shrinks.
I’ve been in the investment business for more than three decades, and the cryptocurrency bloodbath of 2018 was the most painful I have ever seen. Most digital currencies went down 80%, 90% or even more for the year.
Ouch! And yet, a curious thing keeps happening …
Unlike equity bear markets, however, the number of cryptocurrency fans is growing — not shrinking!
According to the Cambridge Centre for Alternative Finance, the number of crypto investors has doubled from 18 million in 2017 to 35 million today.
This counter-cyclical vote of confidence from crypto investors is like nothing I have ever seen before. It tells me that crypto investors are unshakably confident about the future of cryptocurrencies.
Interestingly, the majority of the new crypto investors — old and new — are individual, and not professional, investors.
Just imagine how many more investors will jump on the cryptocurrency bandwagon when crypto prices rebound. Heck, if the number of crypto investors is growing in spite of the sharp drop in prices, it is only a matter of time before cryptocurrency prices recover and move higher.
In fact, our crypto expert Juan Villaverde issued a bold Bitcoin forecast last week, and I strongly suggest you pay careful attention to what he said. Here’s what he said about Bitcoin:
“The price of Bitcoin will rise again and head for new all-time highs. Through 2015, Bitcoin had suffered four bear markets with declines of 70% or more.
“Each time, the so-called ‘experts’ wrote its obituary. But each time, Bitcoin recovered and embarked on a new bull market that delivered average gains of 6,300% from bottom to peak.
“Then, last year, we witnessed Bitcoin’s fifth major bear market. And again, experts came out of the woodwork to declare that ‘Bitcoin is dead.’
“What few people recognize is that, thanks to the 2018 price declines, most of the weakest hands in the market have departed. Meanwhile, stronger diehard believers have held firm or even accumulated more Bitcoin.
“And overall, the groundwork was laid for a new bull market
“Result: In 2019, much as it did after prior bear markets, Bitcoin will again rise up and head for new all-time highs.”
I couldn’t agree more. One of the reasons Bitcoin is headed higher is that it will soon be a lot easier for investors — both individual and institutional — to buy and sell Bitcoin.
The Nasdaq is moving full steam ahead with its plans to list Bitcoin futures in the first quarter of 2019. And that will open the doors to a new, huge world of investors.
That is not only a huge positive for Bitcoin, but an even bigger positive for the Nasdaq, which will reap a windfall of trading volume for the growing number of crypto investors.
Did you know that the Nasdaq is a publicly traded company? That’s right: Nasdaq (NDAQ) is a publicly traded company, and it’s one of my top ways to profit from the blockchain technology boom.
That doesn’t mean that you should rush out and buy Nasdaq shares tomorrow morning. As always, timing is everything, and I recommend that you wait for my next buy signal in my Weiss Crypto Investor newsletter.
In fact, I convinced my publisher, Martin Weiss, to offer a special New Year’s discounted price of only $59 for a no-risk, money-back, one-year subscription. I hope you’ll give it a try. I think you will be very pleased with the results.