“Welcome to Survivor: Crypto Winter!”Next Wave Crypto Fortunes readers were among them. I was recommending they buy cryptocurrencies all through the crypto winter. And here are just a few of the opportunities they had a chance to collect during the bull market of 2021:That’s how I opened my speech at the “Fintech on the Block” crypto conference in San Francisco in 2019. The crowd laughed, but it was true. Those who hadn’t been shaken out of the crypto market were “survivors.” It was fitting at the time. We’d just seen the first crypto mania go bust the year before. And we were in the middle of a brutal bear market. (Sound familiar?) But while that crypto winter was harsh, it didn’t last. A year later, bitcoin and Ethereum had more than doubled off their lows. Two years later, investors saw gains of 100X in a few major cryptocurrencies. My
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Right now, we’re in another vicious crypto winter.have someone in your corner who can help you separate the wheat from the chaff.) It would be easy to think: “Ian, that track record is all well and good, but isn’t crypto dead?” That’s a great question, and you might be surprised by my answer. I’m 100% confident that crypto is NOT dead. In fact, you might think I’m insane for doing it, but I’m continuing to keep an allocation of my portfolio in crypto. That means I’ll keep buying even if prices go lower. Here’s why I think crypto will weather this storm, and we’ll eventually see another bull market to take us to new highs…Prices are down significantly. And every day, it seems, another corrupt crypto lender is in the news for ripping off its customers. (That’s why it’s important to
Crypto: A Damaged Reputation
There’s no doubt at all that crypto’s reputation is damaged…A new CNBC survey said that just 8% of Americans have a positive view of crypto. That’s down from 19% in March. The survey also showed that Americans with a negative view of cryptos jumped to 43%. That’s up from 25% in March. Fortunately, crypto doesn’t depend on public opinion to thrive. Because no matter what prices are doing, crypto’s underlying technology is here to stay. Crypto represents a huge shift. It’s shaking up traditional centralized power structures — like governments that issue fiat currencies and tech oligopolies that control our digital privacy. It’s a revolution! But like other massive changes, it won’t happen overnight. There will be years when it looks like crypto is about to go mainstream. That’s when prices will absolutely soar. And then there will be years, like now, when everyone doubts that future. (Bitcoin, for instance, has been declared dead 467 times.) These booms and busts are edging us closer to mass adoption. And already, crypto allows us to:
- Manage our online identity with digital wallets such as MetaMask and Phantom.
- Loan and borrow assets without the need for a bank.
- Redefine traditional media with assets such as nonfungible tokens and other digital collections.
This revolution won’t happen overnight. There will be more market swings as crypto heads toward mass adoption over the next decade. But make no mistake about it — crypto is here to stay.For more details on why I’m still bullish on crypto, check out my video below. I break down how crypto started, what exactly it is and why it’s worth investing in. Click on the play button for more.
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And if you’re a more experienced crypto trader, then I recommend my Next Wave Crypto Fortunes service. In volatile markets like these, it’s crucial to have someone in your corner to help you navigate the good, the bad and the ugly of the crypto markets.Click here to watch my entire presentation.Regards,Ian KingEditor, Strategic Fortunes P.S. If you’re not ready to commit to an entire crypto-based service, I also recommend cryptos in my Strategic Fortunes newsletter. And there’s one coin that I predict will overcome bitcoin over the next few years.Click here to learn more about what I call the “Next Gen Coin.”