Smart Money Is Buying the Dip – You Should, Too

Smart Money Is Buying the Dip – You Should, Too

In July 2018 bitcoin was trading at $8,000. And my research told me as adoption increased, the price would ramp up rapidly.

I would end up being both right and wrong at the same time.

All through the 2018 bear market, adoption rose. Yet the market hammered bitcoin’s price lower.

This was due to traders hedging long positions with a corresponding short position in the newly formed bitcoin futures market.

We saw traders liquidate their spot bitcoin and clean up on their short position in Chicago Mercantile Exchange (CME) futures.

It was the first market period in bitcoin’s brief life when traders had a reliable mechanism to go short.

Many believed the introduction of CME futures along with the ability to go short would mark the end of bitcoin’s meteoric rise.

It wouldn’t come out until nearly two years later… But the whole premise behind approving bitcoin futures was to crush the price of bitcoin.

The head of the Commodity Futures Trading Commission (CFTC) at that time, Christopher Giancarlo, was secretly working with the SEC to hammer bitcoin prices lower by creating a mechanism (bitcoin futures) to short bitcoin.

For the powers that be, it was mission accomplished. Bitcoin’s price dropped as low as $3,150 over the next 16 months. In their minds they had killed bitcoin.

Imagine their surprise when a “dead” bitcoin rose to as high as $69,000 just a few short years later.

Anyone who bought during this down period could’ve seen an incredible 2,090% gain over three years.

In September 2017, JPMorgan Chase CEO Jamie Dimon infamously called bitcoin a “fraud” and threatened to fire any of his employees caught trading BTC.

The price of bitcoin dropped as much as 30% over the next three days. Uncoincidentally, his London office started buying BTC after his comments knocked the price down.

In less than two months, BTC had hit a new high, making those traders as much as 137%. Most hedge funds don’t make that in 10 years.

Here’s why I’m telling you this…

Right now, we’re in the middle of another massive handover of wealth from individuals to institutions. And I don’t want you to be among the sheep who fall prey to the wolves.

My Bet is That Smart Money Is Buying the Dip