The Mainstream Media Just Missed the Biggest Bitcoin Story of the Year

A Tsunami of Capital Is Coming to Bitcoin

The Mainstream Media Just Missed the Biggest Bitcoin Story of the Year

For years, I’ve been predicting this day would come…

In 2018, I wrote that people would rely on bitcoin to help fund their retirement. Of course, they thought I was nuts.

Bitcoin is too volatile, they scolded me. No retirement manager in their right mind would touch bitcoin with a 10-foot pole, they said. They’d be fired immediately.

But I warned that public and private pension funds across the country were in dire straits. They’re grossly underfunded. Today, they have a combined $1.44 trillion in unfunded liabilities. That’s despite stocks being in a bull market.

Here’s what I wrote to my audience in August 2018:

To improve their performance, pension fund managers have started to embrace alternative asset classes at the highest pace I’ve ever seen in my career.

We’re seeing enormous amounts of money going into alternative asset classes. That’s because historically, alternative asset classes have had higher overall rates of return than the stock and bond markets.

So, what I believe is going to take place is… once institutions can actually participate in the crypto market, they’ll take a percentage of their assets and allocate it to cryptocurrencies.

Pension funds are just one example.”

Due to onerous regulatory hurdles, it’s taken six long years for this day to come. But it’s finally here…

On Tuesday, the State of Wisconsin Investment Board (SWIB) became the first state pension fund to publicly announce it has an allocation to bitcoin.

SWIB manages about $155.1 billion in assets. And it ranks among the 10 largest public pension funds in the United States.

This week, the fund filed its quarterly report with the Securities and Exchange Commission (SEC).

And the report showed the fund held $99 million in BlackRock’s iShares Bitcoin Trust (IBIT) as of March 31. It also held $63 million in the Grayscale Bitcoin Trust (GBTC), which is BlackRock’s largest competitor in terms of size.

In total, SWIB purchased roughly $160 million worth of BTC. That’s about a 0.1% portfolio allocation to bitcoin.

Friends, I can’t tell you how incredibly bullish this news is for bitcoin in particular and the crypto market in general.

It could be the single-biggest story in crypto this year. And the mainstream press is completely missing it…

What the Press Is Ignoring

In 2017, I told anyone within earshot that Wall Street institutions were building onramps to crypto.

Few people believed me. Even more thought I was crazy. I can’t blame them.

At the time, the mainstream financial press considered bitcoin an underground asset. They believed only computer geeks, terrorists and criminals used bitcoin.

But I saw the future.

I knew bitcoin was sound money. And I knew people would want to own sound money over debased government fiat currencies.

That foresight has come to pass…

Governments around the world have gone on a binge of money-printing since 2020. And that has led to sky-high inflation.

You see it every day in the grocery store and at the gas pump.

The bitcoin network is different. It will only ever issue 21 million tokens over its existence. That strict issuance is hardwired into bitcoin’s code. No one can alter it.

That makes bitcoin a disinflationary asset. You can’t print more bitcoin out of thin air like governments do with fiat currency… Or like companies do with their stock.

That’s why I call bitcoin sound money. And it’s why I recommended it in April 2016 at $400. I knew the sky was the limit for this asset.

Fast forward to today… And we’re seeing Wall Street finally coming to the same realization.

In January, the SEC approved the first group of spot bitcoin exchange-traded funds (ETFs).

If you’ve been following me, you know I was among the first to predict the rollout of bitcoin ETFs would open the doors for institutions to get into crypto.

You see, most institutional investors with big pockets – like pension funds, endowment funds, and mutual funds – can’t invest directly in crypto.

They aren’t allowed to buy crypto because of their investment mandates. They can only invest in assets that are regulated.

So, with the approval of spot bitcoin ETFs, institutions now have a simple vehicle to invest in crypto.

As I predicted, it’s opening the floodgates to hundreds of billions of dollars in capital. And SWIB is just the first domino to fall.

There are over 5,000 pension funds in the United States. According to the Federal Reserve, they hold over $26.8 trillion in assets.

If just a tiny sliver of that flows into bitcoin, what do you think that does to bitcoin’s price?

Think about it: If other pension managers follow suit and allocate 0.1% of their assets to bitcoin like SWIB did, that’s $26.8 billion in buying pressure.

But that’s just the tip of the iceberg.

A Tsunami of Capital Is Coming to Bitcoin

Friends, we’re witnessing a sea-change in the way institutional investors view bitcoin. SWIB clearly shows this once-skeptical group is now warming up to digital assets.

When I first told you this would happen back in 2016, bitcoin was trading at around $400. This year, it hit an all-time high of $73,800. That’s a 19,580% increase over eight years.

By comparison, the S&P 500 is up 158% over the same span. To generate 19,580% on the S&P 500, you’d have to go back to 1954.

But if you think you’ve missed the boat, I’m here to tell you that you’re dead wrong.

Pension funds are just a small slice of the pie. Globally, there’s roughly $250 trillion in investable capital under management.

I’m talking about hedge funds, family offices, endowments, corporate treasuries, insurance companies and sovereign wealth funds.

When they start seeing how bitcoin outperforms traditional asset classes… They’ll wake up and smell the coffee like SWIB did.

And that will send bitcoin prices to the moon…

Let’s say global institutional investors allocate 0.1% to bitcoin. That would translate to $250 billion in buying pressure.

According to Bank of America Global Research, just $93 million in buying pressure can move the price of bitcoin by 1%.

So, $250 billion in buying pressure would suggest a bitcoin price of $1.84 million per token. That’s a 2,688% increase in price from today’s levels.

If you’ve got a product that goes from a small market that is difficult to buy to a big market that is easy to buy, more demand will be created.

And if the product has only a finite number — as is the case with bitcoin — then higher prices have to come from that demand.

That’s why I call bitcoin the perfect low-risk, high-reward investment. You don’t need a lot to make a lot.

And it’s a message you’ll never hear from the mainstream media.

Let the Game Come to You!™

Big T

P.S. My goal in Digital Asset Daily is to introduce as many people as I can to this new asset class. I believe it has the power to radically transform your financial life.

So, if you believe, as I do, that digital assets are the way of the future, please help me spread the message by sharing this essay with your friends and family. And let’s build the most powerful community of digital asset investors in the world.

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