Hosted by: Jennifer Stevens
Hi it’s Jen Stevens here,host of the Truth About Bitcoin
Thanks everyone for joining me today.
In a moment we’re going to be joined by the man who has been America’s personal finance expert for over two decades – Jeff Opdyke.
In case you don’t know Jeff, he spent 17 years at The Wall Street Journal where his column on finance reached a readership of 10 million people.
He’s also the author of 10 books including the Wall Street Journal’s Complete Guide to Personal Finance...
But for several years Jeff has led a secret double life – as an investor in crypto currencies.
In May 2020 Jeff wrote an article for us in which he predicted: “crypto is the future.”
The price of bitcoin then - just $9,000.
We want to know what Jeff meant by that prediction... what happens next... and what it means for you.
If you’re wondering what to think... and whether you’ve missed out...
If you own a little bitcoin but you’re unsure what to do next...
Then this training event is for you...
We have no vested interest in whether or not you buy bitcoin. We have no $2,000 trading system to sell you. We’re going to leave the hype aside for tonight and just focus on the facts.
We’re going to talk about the real reason bitcoin prices just spiked... According to Jeff, it wasn’t random... and what comes next won’t be either...
We’re going to talk about the simplest way to understand bitcoin so that you can explain it to friends and family...
We’re going to talk about the change to America’s economy that could send bitcoin past $200,000 months from now... and why Jeff thinks bitcoin will ultimately hit $1,050,000.
There will also be a Q&A at the end
So be sure and stick around for that.
Even more exciting, Jeff is going to give us his top two crypto recommendations – for free.
He’ll also share the background of two more cryptos you’ve probably never heard of... but could be on track for up to 900% gains by 2025.
So if you can silence your phone go for it.
I see Jeff has logged on...
OPDYKE: Hey Jen!
STEVENS: To refresh everyone’s memory...
For over two decades Jeff Opdyke has been America’s expert on personal finance.
But what most people don’t know about you, Jeff, is that you’ve been buying crypto currencies for several years now.
Some of your best trades include buying crypto miner Galaxy Digital at $4...
Crypto currency Cardano at just 5 cents
And the crypto VeChain for just a penny...
But let’s start with basics.
Bitcoin just went from $9,000 to $60,000 in less than a year.
Is it fair to say that the bubble has popped? Is this another Dot Com bubble gone bust?
OPDYKE: Let me stop you for a moment, Jen...
I was a financial journalist DURING the Dot Com bubble.
It was a fun story for the media. We loved to talk about Pets.com being way overvalued.
But if you had ignored us and had the good luck to buy Amazon for $94...
NVIDIA for $3...Apple for $1... you’d be a lot richer right now.
STEVENS: So you’d say bitcoin is NOT in a bubble.
OPDYKE: Let me put it this way: the New York Times has been talking about the bitcoin bubbles since 2011.
Bitcoin was $15...
OPDYKE: In 2013, the news site Daily Beast wrote “eventually the novelty will wear off...eventually bitcoin will go away.”
Bitcoin was $92...
Can you imagine if you had bought $1,000 worth of bitcoin at $92?
Or what about $15...?
At $15 you’d have around $4,000,000 right now.
STEVENS: It’s almost like the media decided on a narrative early on, and then just stuck to it.
OPDYKE: And that’s why only 11% of Americans own bitcoin...
They’re reading the headlines in The New York Times...
Meanwhile one of the biggest shareholders of the New York Times company is Blackrock... which is the largest asset management company in the world. They have $9 trillion under management...
Guess where they’re shifting their cash?
STEVENS: I’m gonna guess bitcoin.
And they are far from alone.
There is a hidden migration out of the US dollar and into bitcoin happening at the highest levels of power and wealth in this country.
It’s not just happening at tech companies...
It’s Insurance companies like Mass Mutual and New York Life...
Even on Capitol Hill... the newest member of the Senate Banking Committee recently shifted part of her wealth to bitcoin.
STEVENS: Do you think bitcoin will go higher?
OPDYKE: People in the industry see bitcoin going much higher.
In the long term, though, that’s pretty conservative.
The Winkelvoss twins – who were the first bitcoin billionaires – say $500,000.
Cathie Wood – she heads the world’s largest actively managed ETF – says a high of $400,000.
Scott Minerd – his firm Guggenheim Partners has $275 billion dollars under management – he says $600,000 is possible.
If bitcoin just follows the script of the 2013 and 2017 booms, it could hit somewhere between $200,000 and $800,000 before the year is out.
STEVENS: Do you think that’s likely?
OPDYKE: Jen, in the South where I grew up we have an expression: “poor people plan for Friday night, rich people plan for three generations.”
Trying to guess what happens to the price of bitcoin before the year’s out... that’s Friday night stuff.
I doubt insurance companies are buying bitcoin because they think they’ll make a buck in a few months.
STEVENS: Why do you think they’re buying bitcoin?
OPDYKE: Well I can’t speak for what’s in someone else’s mind.
But I can tell you what’s in mine.
I believe America is on the verge of a shift.
The facts are there. But no one’s saying it.
For over a decade now we have been living in an era shaped by disruption – technological, social, even political.
I believe this era is about to reach a sudden conclusion...
...One last disruption that will change our economy for decades to come.
The core of this last disruption is bitcoin – specifically the crypto technology behind it.
STEVENS: So this story is not really about getting rich quick for you...
OPDYKE: Some Americans will get rich, no question about it.
My math says bitcoin should hit $1,050,000, by 2027 or so...
Of course, I actually think the best opportunity is some smaller cryptos that could go even higher.
We’ll get into all that a little later on.
But even more important than the winners, Jen... are the millions of losers. A lot of people are about to be caught up in a shift they don’t understand.
As someone who spent years helping millions of Americans with their finances, I cannot in good conscience keep quiet on this.
If you aren’t 25... if you don’t have another 40 years to adjust to what’s happening...
Then you need to prepare now.
The choices you make in the days ahead could mean the difference between freedom... and spending the next ten years trying to make up lost ground.
STEVENS: What exactly do you see happening? Are you predicting that bitcoin will replace the US dollar?
OPDYKE: Not at all... you’re never going to spend bitcoin at a 7-11.
And while bitcoin does pose a serious threat to currencies like the US dollar, that’s just one piece of a larger disruption.
STEVENS: So what are we looking at Jeff? Is this a boom? Is it a crisis? What exactly are you seeing?
OPDYKE: To understand what’s happening... you need to go back in time to bitcoin’s creation.
Most people ignore this... but that’s a mistake, especially if you want to make money with bitcoin.
Let me show you...
This is the first bitcoin ever mined – the genesis block they call it.
Look at that area circled in red. It contains a hidden message: “Jan/2009 Chancellor on brink of second bailout.”
STEVENS: January 2009... I guess that was back in the financial crisis...
OPDYKE: Yep, the market was in free fall.
People were getting evicted from their homes.
America was on the verge of literally shutting down.
We had congressmen and bankers calling their wives secretly and telling them “go to the ATM, take out everything you can.”
STEVENS: I had never heard that before.
OPDYKE: Very few people knew how bad it was.
Faced with that crisis, the folks in Washington made a desperate move.
They did something no one has ever done before.
They injected trillions of new dollars into the US economy.
STEVENS: They printed money...
OPDYKE: Not exactly...
Most of those new dollars were just zeros and ones...
That’s another huge myth about bitcoin – that it’s special because it’s digital.
The US dollar’s already digital for all intents and purposes. Only 10% of our money is real physical dollar bills. The rest is zeros and ones that can be manipulated whenever the folks in Washington say so.
STEVENS: I guess it worked though... the economy was saved.
OPDYKE: It was... sort of.
Our stock market recovered.
But underneath the surface, those trillions of digital dollars had a deeply corrupting effect on our economy.
Let me show you...
This is a real picture from a Bloomberg article in 2019...
That’s a self-driving car going around Mountain View, California... Mountain View is the home of Google. One of the wealthiest cities in America.
STEVENS: A lot of RVs there...
OPDYKE: I’m glad you noticed. More on that in a second.
First, take a look at home prices in Mountain View over the last ten years.
They have more than doubled.
Same thing happened in New York, the home of Wall Street.
Before COVID, the median apartment rental in New York hit $3,600 a month.
But it wasn’t just the real estate that soared.
In 2005, there were just 3 “unicorns” startups in the world.
STEVENS: What’s a unicorn startup?
OPDYKE: It’s a startup valued at one billion dollars or more.
By 2013, there were still just 39 of these companies...
But by 2019, there were 484...
STEVENS: So you’re saying that all this growth in the tech sector... in Silicon Valley... there’s some connection to all that new money?
OPDYKE: Exactly. Those trillions of dollars didn’t go to regular America. They went to the banks.
The banks gave the money to venture capitalists...
The venture capitalists passed it on to Silicon Valley...
And in Silicon Valley it acted like jet fuel for innovation.
Innovation is now happening faster than ever before in history.
Here’s an example: The biggest innovation of the early 20th century, the automobile, came out in 1908... It took over 40 years for 60% of US households to own one.
The iPhone came out in 2007. It passed the 60% mark in less than a decade.
STEVENS: That’s incredible.
OPDYKE: But of course, the flipside to all innovation is destruction.
And that’s why... in one of the wealthiest cities in America...
...outside one of the richest companies in the world... watching self-driving cars go by...
...there are people forced to live in RVs and vans parked on the side of the street.
We are now minting a new billionaire every 17 hours...
...yet even before COVID hit, 47% of people aged 18 to 29 years old were still living with their parents... we hadn’t seen that since the Great Depression...
STEVENS: And that’s probably a lot worse now...
OPDYKE: All these years Americans have known something is wrong.
They’ve blamed the rich... the poor... each other.
They’ve turned to ideas so radical they would have been laughed out of the room 30 years ago.
What they don’t realize is that it’s the economy itself that has become deeply corrupted.
STEVENS: But what’s the connection to bitcoin?
OPDYKE: Bitcoin is the final chapter in this story.
It’s like the last disruption of our current economy.
Because it disrupts the core of what made that corrupted economy possible.
STEVENS: Our money...
If you just focus on the money aspect... you’re going to miss out on some of the biggest opportunities in the crypto space.
Bitcoin and the tech behind bitcoin have created a parallel economy.
And right now billionaires... corporations... even members of our government are moving their money out of the “old” economy... to this new cryptoconomy.
STEVENS: I gotta say... it sounds like science fiction...
OPDYKE: It’s already happening.
In the first quarter of this year, more money moved into the crypto space than ever before.
America’s largest public pension fund, CalPERS, recently increased its investment in crypto by 7 times...
Have you heard of something called the New York Digital Investment Group?
STEVENS: I don’t think so, no...
OPDYKE: It’s only existed since 2017. Literally all it does is hold bitcoin for large corporations who can’t just go buy bitcoin like you and me.
Anyway, this group estimates that by the end of 2021, they’ll be holding $25 billion’ worth of bitcoin.
Investors in that group include the largest insurance company in America, New York Life... along with the third largest Liberty Mutual.
STEVENS: So it’s not just Elon Musk...
OPDYKE: Not at all...
Billionaire “Bond King” Jeff Gundlach says bitcoin may be a better investment than gold.
There’s a player on the Carolina panthers NFL team who’s taking half his salary in bitcoin.
The Senate’s newest member of the Banking Committee... Cynthia Lummis... has converted part of her wealth into bitcoin.
One of the biggest real estate companies in America – Caruso Properties – is now accepting rent payments in bitcoin.
We are seeing a mass exodus from the old economy and the dollar... towards this new economy... a “cryptoconomy.”
It’s been quiet until now. The media just isn’t reporting this story.
But it’s happening. And in 2021 we’re going to see a major turning point.
An analyst at Fidelity, the big brokerage firm, was quoted recently saying that bitcoin adoption has “hit a tipping point.” And he’s right.
STEVENS: Let’s pause here for a second and talk about the technology behind bitcoin. What, exactly, makes it so disruptive?
Bitcoin is only valuable as a currency because of the technology underlying it.
There are very few people who understand this.
But it could very well be the difference between getting very wealthy in the months ahead... and falling seriously behind.
It all comes down to something called the blockchain.
STEVENS: Ok I’ve heard of that.
OPDYKE: Imagine if sky were a giant whiteboard.
Every time you make something or buy something or find something or exchange something... you make a note on the whiteboard. And so does every one else.
Everyone can see the white board so there’s no question as to what’s on it.
And no one can erase anything.
That’s the blockchain.
But here’s why it’s important.
At the core of every economic system is trust.
That’s because trust allows for more efficiency. And the more efficient something is, the more wealth it produces for the person who owns it.
When Frank McNamara created the first credit card in the 1950s, it was a massive innovation in trust. Instead of each store or restaurant having its own charge program... and figuring out who it could or could not trust... all those stores or restaurants could simply trust Diner’s Club.
STEVENS: Much more efficient...
OPDYKE: And that was one reason that our economy grew so much in the last 50 years of the 20th century.
Even before that when the US government created the dollar and our central bank, it was a massive innovation. Instead of relying on hundreds of small regional banks... we replaced them with a single currency from a single institution that we could trust.
STEVENS: Right... so even if I don’t know you, I’ll still accept your US dollars because I trust them as a currency. Those US dollars allow me to trust you even though I don’t know you.
OPDYKE: But this concept goes far beyond just money.
The innovation of the internet wasn’t just faster communication...
It was the expansion of trust on an unprecedented scale. Amazon makes it possible for me to order a book from a company thousands of miles away that I’ve never heard of... but I trust them because they sell on Amazon.
Uber does the same with cars. There’s no taxi company giving licenses to Uber drivers. They’re regular people. But because of Uber I trust them.
The disruption of those businesses... and countless more like them... is that they allow you and me to trust a wider network of people.
It’s far more efficient. And it has created more wealth than ever before.
STEVENS: So how does blockchain disrupt all of this?
OPDYKE: Blockchain is a trust machine. And it enables trust with an efficiency greater than any other technology that has come before it.
Because instead of needing government or companies like Uber to serve as middlemen, the blockchain does all of that, much more cheaply and efficiently.
Blockchain is the backbone of the new cryptoconomy...
And it has massive implications.
For example, in the old economy, the way to store value was by putting dollars or euros in a savings bank... or buying gold.
In the cryptoconomy, bitcoin – which runs on blockchain – becomes the dominant store of value.
It’s like a giant savings bank.
STEVENS: But will people really entrust their savings to bitcoin?
OPDYKE: They are already are. By market cap, bitcoin is already the biggest savings bank in the world – bigger than JP Morgan and Bank of America
But as I said before – the true innovation goes far beyond money.
Today, Nasdaq, Barclays and UBS are already using blockchain for cross border international payments.
The world’s largest tourism company, TUI, is replacing its online hotel booking business with blockchain technology.
That’s because the world’s largest tourism company, TUI, is replacing its online hotel booking business with blockchain technology.
According to their CEO, "It's cheaper, has a higher performance, and is accessible from everywhere – it's a pure cost equation."
If they move overseas and need to ship things, they may be using blockchain technology. IBM and shipping giant Maersk are using it for shipping logistics.
The old economy is coming to an end. The rich and powerful know this.
The only people who don’t are regular Americans.
They’re still being told bitcoin is just a giant bubble... that you can’t trust it... that it’s too volatile...
What they don’t understand about the bitcoin story... is that it’s not really the story of a new asset, bitcoin, succeeding...
...it’s the story of an old system – the dollar-based economy – failing...
If you price the dollar in bitcoin, it becomes obvious why people are shifting their wealth into the cryptoconomy...
In just the past 5 years, the dollar has lost over 90% of its value against bitcoin.
We just haven’t noticed yet.
As people leave the old economy behind, the cracks start to appear.
Congress can’t do anything about it except to try and pump it up with more new dollars... which it did last year to the tune of $6 trillion...
...and will again this year to the tune of $2.25 trillion if President Biden has his way.
But it’s not working...
Prices are beginning to rise...
We’re seeing it in lumber...
Businesses are already preparing...
The chief executive of a $4 billion manufacturing company was just quoted saying:
“Costs are going up everywhere. It’s DefCon 4 [for] us right now. It’s a big deal.”
Slowly the media are starting to pick up on what’s happening here..
The Financial Times is talking about it:
“US inflation fears grow”
CNBC is talking about it:
“More inflation signs ahead”
The last time we had inflation... in the 70s... it peaked at around 14%.
There are whisperings out there of the dollar losing 33% of its value...
STEVENS: Is bitcoin really a safe haven for inflation? What about gold?
OPDYKE: I like gold. I own gold.
But my son’s generation doesn’t own gold. They own bitcoin.
And it’s not just the younger generations any more.
In the last quarter of 2020, $3 billion flowed into bitcoin...
...while gold ETFs lost $7 billion.
Even Billionaire hedge fund managers like Paul Tudor Jones are calling bitcoin “the best inflation hedge.”
STEVENS: So as the dollar loses value, more people are going to flee towards the exits and into bitcoin.`
OPDYKE: Right... it’s going to create a demand surge.
But the second trigger is even more important.
A few weeks ago, Visa announced that it had completed the first crypto transfer on its network.
STEVENS: Visa... the credit card company...
OPDYKE: Yes, the company that handles billions of dollars in payments every single day is now allowing its customers to exchange crypto currencies on its network.
STEVENS: So you could pay someone in crypto using your visa credit card?
OPDYKE: Actually crypto credit cards already exist.
OPDYKE: But all they do is take crypto currencies, turn them into dollars, and pay people.
That defeats the whole purpose of blockchain.
It would be like if you emailed someone, then had to print out the email, and mail it to the person like a regular letter.
Visa’s introducing a way to use crypto on its network without using dollars at all.
Now Visa has only just completed its first test.
But Visa’s ultimate goal is to plug 70 million businesses into the cryptoconomy.
That should begin in earnest sometime later this year. We don’t know the exact date. But you should not wait to read about that in the news before you take action.
STEVENS: I didn’t realize the extent to which mainstream businesses are switching over to the cryptoconomy.
OPDYKE: Sadly, the regular hard working person is the last person to know about this.
And Visa’s not alone. Mastercard’s adapting to the cryptoconomy. Paypal and Square are too.
By the end of last year, Paypal and Square alone were already eating up 100% of all new bitcoin being mined.
STEVENS: Are they worried that if they don’t prepare, they’ll be left out?
OPDYKE: Absolutely... as I said before, the blockchain is disruptive to a wide range of industries.
The ones who see the writing on the wall are preparing.
Jen, you mentioned the dot-com bubble of 1999 earlier.
But I think the situation is closer to 2006.
That year probably doesn’t mean much to you...
STEVENS: Not really no...
OPDYKE: Back in 2006, Sears is still in business...making $1.5 billion in profit...
Barnes N Noble stock is hitting its all-time high...
Borders – remember them? – they’re still profitable... retail bookstores are doing over a billion dollars in book sales every month...
Amazon meanwhile trades at just $36 a share...
...which is considered too expensive by the media.
What all these businesses and journalists and millions of Americans along with them don’t know...
...is that Barnes n Noble’s stock will never be that high again...
...Sears will never be as profitable again...
...Borders will never make another profit at all...
And little Amazon will go from $36 a share... to over $3,000 a share...
STEVENS: So we don’t want to be the people owning Sears and Borders...
OPDYKE: Or the people who missed out on riding Amazon stock from $36 to $3,000...
You may think: “I’m not greedy, I’m going to sit the crypto boom out.”
This is not about greed.
This is about determining what your future looks like. Whether you’ll have independence and choices and wealth to enjoy... or not.
And look – of course, it’s easy to look back at Sears and Amazon now and say the tide was turning.
But these massive changes are so much less obvious when you’re in the middle of them.
That’s why a lot of people just aren’t prepared. And won’t be.
STEVENS: Take us through what the crypto economy looks like and how we can prepare...
OPDYKE: First, I see bitcoin alone going to $1,050,000. That’s not hype. That’s just math.
I want people to look at this...
This is my bitcoin bible. Do not own bitcoin without reading this.
You’re going to learn exactly why I think bitcoin is going to $1,050,000...
You’re going to see how bitcoin mining really works... and how to use a wallet to store your bitcoin...
...the one crypto stock I recommend... plus the four you should stay away from...
...the major tech company that I think could be about to connect 113 million people to the cryptconomy...
And a lot more... 50 pages in total...
You’re also going to get a step-by-step guide to setting up your first account and buying your first bit of bitcoin.
That’s my first recommendation: Buy Bitcoin at any price.
STEVENS: And you’re going to guide me through that in live demonstration in just a few minutes. So if anyone wants to follow along, stick around for that.
OPDYKE: Yes, but before we get to that, let’s go beyond bitcoin.
Bitcoin disrupts our money.
But the cryptoconomy, because of blockchain, will bring disruption to a whole range of industries.
Most of that disruption won’t be using bitcoin.
It will use another crypto technology called ether.
JP Morgan is using ether technology.
Microsoft’s Azure cloud service now uses ether technology.
Amazon has announced it will be adding ether tech to its cloud service.
Since May 2020, ether has been on a tear...
Many experts agree it could go much higher. And, personally, I think it will top $5,000 this year and ultimately surpass $20,000 in two to three years.
So my second recommendation is to “buy” ether.
STEVENS: Can I do that on the same exchange where I buy bitcoin?
OPDYKE: Yes you can.
But don’t worry, I’ve put together a second resource for people tonight that has all the info on ether. I’ll tell you about it in a second, including how to get it.
Ether is often called the silver to bitcoin’s gold. I think it’s more like the picks and shovels to bitcoin’s gold boom.
While bitcoin will be a great store of value for the cryptoconomy, the true innovation is going to take place on ether and other coins.
STEVENS: What about those other coins?
OPDYKE: Well I do expect big gains in both bitcoin and ether.
But you could make even more money looking beyond them.
Earlier this year, a coin called BitTorrent shot up 2038%...
A coin called Solana shot up 668%
A coin called CVNT shot up 39,000%
STEVENS: I mean that’s incredible.
OPDYKE: It is! And I hope he sold at the top! That’s not a typical gain.
But that’s the power of looking beyond ether and bitcoin. So in this report, I’m also going to give you my two favorite lesser known cryptos right now.
These cryptos are at the center of possibly the biggest disruption of the cryptoconomy – the disruption of the financial industry.
We buy stocks from Wall Street because those banks enable trust... otherwise we’d have to shop around for the right stocks from the right person at the right price...
Blockchain can automate that entire process without any middle men... which is probably why Nasdaq – which is a major stock marketplace – is now moving its clients to the blockchain.
Forbes was reporting on this:
“Nasdaq...will now... help their clients move from traditional ways of issuing, trading and settling financial instruments to new blockchain enabled mechanisms.”
In the same way, regular banks enable trust when it comes to your savings or getting a loan.
It would be almost impossible to get loans from a bunch of strangers.
STEVENS: Yeah and I’m not giving all my savings to my next door neighbor for safe keeping.
OPDYKE: Right, but with blockchain you can do all that stuff without even the bank.
It’s called “decentralized finance” or “DeFi.”
A year ago, “DeFi” was worth about $700 million.
Today it’s worth $55 billion.
Many experts – and I am one of them – believe it will keep growing like that.
Matthew Roszak is the billionaire founder of Bloq, a company that builds crypto networks for companies like Citigroup, Fidelity, and Microsoft.
So he’s inside the industry.
He estimates that in a year from now it could hit $400 billion.
If that growth rate holds, “defi” overtakes the US financial industry in about three years.
STEVENS: I’m assuming that means a lot of money changes hands.
OPDYKE: Well the banking industry is worth about $24 trillion... so yes I see a lot of money changing hands here.
And just like everything about the cryptoconomy... it will mean trouble for some... and opportunity for others.
I want everyone watching this to be in the second camp.
You’ll find everything you need to know in this report.
My team and I have worked for months creating this.
It’s a full breakdown – in plain English – of what the defi revolution is... why it matters... and how to profit from it.
Specifically I’m looking at two crypto projects I believe will become giants of the DeFi disruption.
STEVENS: Can you give us a little tease?
OPDYKE: Well I don’t want to say too much... I’ll explain why in a moment.
But the first giant of defi is a project that powers the very of heart of decentralized finance.
Since the beginning of this year, this project has grown from $2 billion to $5.4 billion.
It actually powers the decentralized lending platforms of the DeFi industry.
Basically, in the same way that Uber killed taxis companies by allowing passengers and drivers access to one another... this crypto allows direct access between lenders and borrowers... with no need for a bank.
STEVENS: It removes the middle man.
Since the beginning the year, this crypto is up 328%
I think it’s got a lot further to go.
Obviously nothing is certain in the investing world. Especially in the world of crypto.
There are over 8,000 crypto currencies out there. Frankly, many are total duds.
But that’s why I’ve narrowed down the list to just bitcoin, ether, and these two giants of defi.
STEVENS: So what’s the second one?
OPDYKE: The second giant of defi is currently sitting below $20 a coin.
That’s so cheap. I’ll show you why...
This second giant of defi powers “smart contracts.”
This is a huge deal right now. Because smart contracts are potentially the biggest disruptor in the cryptoconomy.
STEVENS: What are they?
OPDYKE: Well to use the example of the scientist who invented them, smart contracts are like a vending machine.
To get that candy bar from the machine you need to, ONE, insert the right amount of money and, TWO, enter the right code.
Once you’ve done that the candy bar falls down and is yours.
Smart contracts do the same thing.
Once you’ve satisfied the conditions of a smart contract, it automatically honors the terms of that contract. There’s no need for an army of lawyers or notaries or anyone else.
When someone recently asked billionaire Mark Cuban what he was most excited about in the crypto world, he said smart contracts.
Everything from renewable energy to the real estate industry is probably going to incorporate smart contracts in the near future. just approved a bill that actually recognizes smart contracts as legally binding contracts in that state.
STEVENS: Yeah Ronan McMahon, our real estate scout, is already talking about that.
OPDYKE: Iowa just approved a bill that actually recognizes smart contracts as legally binding contracts in that state.
Because of that, I see this crypto doubling within months easily. If we push out the timeframe to three years... I see it going up 10 TIMES...
STEVENS: Over 900%...
Now this is crypto. So that 3-year time frame could become a 3-week time frame. You just don’t know when these smaller coins are going to pop.
Since the beginning of the year, this coin is already up 188%...
STEVENS: So now’s the time act if you’re going to.
OPDYKE: Absolutely... and look, there are risks with this. Just like with any investment.
Could go up. Could go down.
But what makes crypto different is that you don’t need to risk a lot of money for an outsized reward.
Remember: $1,000 in bitcoin in 2013 is now worth a quarter of a million dollars.
I’ve put everything you need to know in this second report.
Not only can you learn about ether and my two favorite lesser known cryptos...
You’re also going to learn things like why blockchain can’t be hacked... how DeFi hits $1 trillion by 2023... how to get 9% on a crypto savings account (without volatility)... and how to invest in ether without buying crypto at all (there’s only one way I’d recommend)...
STEVENS: Jeff as I understand it these two reports are part of your Crypto Intelligence Library...
OPDYKE: That’s right... the Crypto Intelligence Library is something my team and I have put together to help people prepare and profit from what’s coming.
You’ll find the two reports I just mentioned.
We’re also including my report on crypto gold...
We think of gold and crypto as competitors... but that’s not really true.
There are ways to buy crypto AND gold at the same time.
In fact, combining crypto and gold could be even better than buying gold by itself... especially if you’re doing a lot of traveling or moving assets overseas.
So altogether that’s over 90 pages on preparing for the cryptoconomy.
With so much bad information out there... whether it’s from the media… or from some self styled guru out there on the internet... this is what you need right now.
STEVEN: So Jeff, I know in a moment we’re going to do a little Q&A.
Coming up: Crypto Q&A...
But before we get that... how can people get ahold of your Crypto library and the names of your two giants of DeFi?
I actually created all this content for members of a new research service we just launched called Global Intelligence.
Global Intelligence exists to track the biggest trends shaping your wealth and retirement today.
And the cryptoconomy is probably the biggest of those trends right now.
So starting this year, we’re going to be tracking it on a regular basis.
We’re also starting to build a model portfolio of stocks and cryptos for protection and potential profit.
I’ve told you about four plays we’ve just added to that portfolio.
That’s just the beginning.
STEVENS: You’ve been on the inside of the financial industry and the media.
But you also have your personal track record to back up your ideas. From your trades like Abott Labs...
or Galaxy Digital
To your incredible crypto trades like Cardano at just 5 cents
And VeChain for just a penny...
But I think what impressed me so much is that when you first got into crypto, Jeff, you didn’t just buy some. You actually built a computer that mined crypto.
OPDYKE: : Jen I started out as an investigative journalist. In that job you learn to always go to the source. I wanted to know how crypto worked so I built a crypto miner.
Otherwise, you’re listening to someone in the media who has no idea...
Or you’re listening to some internet “guru” trying to sell you a $2,000 trading system.
My aim with Global Intelligence is to offer you a ton more insight... at a fraction of the cost.
STEVENS: So tonight, we’re actually opening up membership in Global Intelligence at a special limited time discount.
You’ll get Jeff’s entire Crypto Intelligence Library...
And Jeff, if I’ve got it right, we’re also including your Crypto Privacy report.
OPDYKE: That’s right Jen. There are a lot of myths out there about crypto and privacy.
In this report we explore why bitcoin isn’t actually anonymous... but how you can make it totally private if you choose to.
On page 2, we talk about coins called privacy coins.
If you’re concerned about privacy and bitcoin... read this report before anything else.
STEVENS: So that’s not three... but four reports in Jeff’s Crypto Intelligence Library
But best of all, you can also try out Jeff’s monthly Global Intelligence Letter... including his special members’ only website... and 24/7 access to his model portfolio...
Jeff, aside from crypto, what other trends are you following in Global Intelligence?
What can people expect to learn when they get access to your site?
OPDYKE: One trend is inflation, and specifically how to profit during inflation.
What I found is that there’s a type of asset that spikes in price precisely during times of inflation – and it’s not gold, though of course gold will do well, too.
STEVENS: Let’s talk about the value of this service.
I mean there are people out there online with far fewer qualifications... who are charging $2,000 for a 5-page report about this stuff.
You’re giving readers almost 100 pages of material... including the top four coins – out of 8,000 – that you recommend.
You’re giving them monthly analysis. You’re giving a special members only web portal. You’re building a model portfolio.
And all of that, the usual price for Global Intelligence is just $149.
But right now, we’re giving you a special discount... you won’t even pay half that... and you’ll get a fast action bonus as well.
Jeff, let’s pause... why make this so easy for people? Why charge so little?
OPDYKE: Jen, this is my way of giving back.
Remember a few minutes ago, when I said right now was like 2006... when Sears and Borders were still profitable... when Amazon stock was just $36?
OPDYKE: That year I wrote a book on personal finance for the Wall Street Journal.
STEVENS: You wrote THE book on personal finance...
OPDYKE: At the time, talking about personal finance, you didn’t talk about big trends or technology. It just wasn’t done.
But if I could go back and add a chapter to that book: “here’s what’s happening the US economy over the next decade and here’s how you can prepare”...
...I think it would have helped a lot more people.
I’d argue that America as a whole would be better off if people in my position had told regular Americans: “the country is changing and you need to be ready.”
STEVENS: So this time, you’re getting the word out.
OPDYKE: That’s right. Now of course I have a staff and expenses. I can’t give this away for free.
But I still want to make it as easy as I can.
STEVENS: To that end Jeff, we are giving people a special limited time discount.
We’re also making this a risk-free offer.
You’ll have 30 days to look at everything Jeff’s offering. You can download all his reports. You can view his model portfolio.
If it’s not for you... simply call us for a full refund.
OPDYKE: If it’s not valuable to you, I don’t want to keep your money. That simple.
STEVENS: This deal is good only for a limited time.
If you want to skip ahead and review the entire deal, you can click the button below.
Click Here to Claim Your Special Discount
review the offer on the next page
OPDYKE: I was the Wall Street Journal’s personal finance expert during two of the biggest booms of all time... and during two of the biggest crashes of all time, too.
But I’ve never seen anything like what’s happening right now.
When you have insurance companies like Mass Mutual buying bitcoin... that should tell you something.
The sad truth is that not everyone will benefit from the shift to the cryptoconomy...
Same way not everyone benefited from the rise of internet and the digital economy...
The time to prepare is right now... not when bitcoin’s crossing the $200,000 threshold.
STEVENS: With that Jeff, I’m going to invite everyone to claim their resources by clicking below.
Again, this comes with a 30-day no-risk guarantee.
OPDYKE: Jen... IL is about pursuing your dreams. I want your readers to be able to spend the next ten years doing that... not making up for lost ground.
STEVENS: So if you click below right now you can review the entire offer. You’ll also see your fast action bonus as well.
As a reminder, this special offer only applies if you act now.
So do not wait to click below.
Click Here to Claim Your Special Discount
review the offer on the next page
Jeff shall we do a little Q&A
STEVENS: First question, can I travel with bitcoin?
OPDYKE: Absolutely. Bitcoin is borderless.
You can store thousands... millions... even billions of dollars worth of bitcoin on nothing bigger than a thumb drive.
You can also store it online in a wallet that you can access from anywhere.
STEVENS: What about governments banning bitcoin?
OPDYKE: There are probably a lot of governments out there that hate the competition of bitcoin.
But no government has successfully outright banned bitcoin.
China tried to regulate bitcoin in 2017. 60% of bitcoin is still mined there.
STEVENS: What about the US government
OPDYKE: Highly doubtful. There is too much money – at both the corporate and government level – tied up in crypto.
The SEC says it’s a currency.
They asked the commissioner of the SEC if it would be banned. He said it would be foolish to try and ban it. He compared to trying to outlaw the internet.
STEVENS: Yeah so good luck with that.
OPDYKE: Even if they tried. They couldn’t do it.
STEVENS: Okay next question Jeff. This one’s for all the gold bugs. Will bitcoin ever truly displace gold as a store of value?
OPDYKE: As I said before, I own gold.
But my son’s generation does not.
In the last quarter of 2020, $3 billion flowed into bitcoin...
...while gold ETFs lost $7 billion.
But I don’t think gold’s done.
In fact, the two are a lot more compatible than you think.
Read the crypto gold report I’ve put together.
STEVENS: And just to remind everyone.... that report is available as part of Jeff’s Crypto Intelligence Library.
I know there’s a lot interest right now, so don’t wait to click below.
Okay onto the next question Jeff.
Can I invest in the cryptoconomy using regular stocks? So without buying crypto?
OPDYKE: There are stocks out there with a heavy exposure to crypto.
Before I answer this question, I want to make it clear that none of this is personalized advice. I cannot speak to any one person’s specific situation.
There are two major categories of crypto stock.
A fund or company that owns a lot of crypto... Microstrategy is a stock like that.
Or a crypto miner, like Hive for example.
Both of those stocks have done very well. Others have too.
Right now, though, I would stay away from 99% of crypto stocks. There are a couple that I recommend – you can find them in the Crypto Intel library.
But if you can buy cryptos directly, that’s the ideal.
STEVENS: So next question: if I buy bitcoin, how can I keep it safe and how can I get my money out?
OPYDKE: As I said before, use a digital wallet. Use the additional security steps I mention in my report. It’s kind of a lot to get into here, Jen, so I’ll just say – check out the Crypto Intel Library. It’s risk free. If it’s not for you, get a refund. I won’t mind. I do not want to keep your money if my work isn’t serving you.
STEVENS: As a reminder, this is a limited time offer.
I just don’t want anyone to miss out because we were yapping away here.
If you are interested, click the button below right now.
Click Here to Claim Your Special Discount
review the offer on the next page
Okay folks we have a few more questions here.
Jeff, here’s an interesting question. I don’t know exactly what it means.
“What happens to bitcoin with the Federal Digital Dollar?”
Can you explain what that’s all about?
OPDYKE: Yeah there’s a lot of talk about the Federal Reserve creating a digital dollar to replace the current dollar.
STEVENS: Is that likely?
OPDYKE: I think it’s a real possibility, yeah. The Fed is releasing prototypes in July.
Thing is – if anything it will push the bitcoin price up.
First of all, for all intents and purposes the dollar is already digital.
Second of all, bitcoin isn’t valuable because it’s digital. It’s valuable because the technology it’s based on – blockchain – makes it a store of value.
A digital dollar wouldn’t be any better of a store of value than the current dollar – because the government can always create more of it to juice the economy or pay off debt.
STEVENS: Which devalues it in the process.
But, if the Digital Dollar does come about... and cash is eliminated entirely... I think that will push a lot of money into bitcoin. It would greatly accelerate the adoption of the Cryptoconomy.
STEVENS: Let’s do one more question Jeff.
But it’s a big one.
Is Bitcoin money?
OPDYKE: That is the big one Jen.
But it’s pretty simple.
Yes bitcoin is money.
The SEC defines it as money.
Even if you don’t trust the SEC, bitcoin meets all criteria for being money.
First... money’s gotta be durable. Bitcoin does not fade, shred, rot, or degrade with age. It exists forever.
Second... it’s gotta be divisible. Each bitcoin is divisible into 100 million “satoshis,” like 100 cents to the dollar. Much easier than hauling around physical gold or silver or some other hard asset.
Third... money must be consistent. Each bitcoin is identical to the next.
Fourth... money must be convenient. Bitcoin is electronic. You can carry around millions or billions or trillions of dollars’ worth of bitcoin on your smartphone or a thumb drive.
Fifth... money must have intrinsic value. Now value is hard to define. Dollars as a concept only exist as money because the government says they are worth something.
But by the same token, bitcoin is worth something because those who own it, those who want to own it, and those who accept it for payment, say it is worth something. That’s money.
STEVENS: So bitcoin is money.
OPDYKE: Yes but... don’t get distracted by that.
More than money, Bitcoin is the doorway into the Cryptoconomy.
That’s the story here. The shift to the Cryptoconomy is going to change our economy and society for years to come.
STEVENS: Well Jeff I think we have a lot of viewers who are eager to start learning more about that.
Thank you so much for taking the time to do this.
OPDYKE: Hey my pleasure. And I hope to see some of these viewers on the list of new readers.
STEVENS: So do I...
Okay so our limited time deal is still active.
You can claim everything we’ve promised you tonight by simply clicking the button below right now.
You’ll also find a fast action bonus on the next page...
That’s on top of our no-risk, 30 day guarantee.
And everything else you’re going to receive.
But you must click below to take advantage of this offer. Hope you will.
With that... good night!