sport football: Wall Street Wants You Out

Last year, I predicted bitcoin would hit $150,000 before the end of this cycle – and ultimately $1 million by the end of the decade.

I based this on clear research showing Wall Street's appetite for crypto was only getting stronger. And for a moment, we were nearly there.

Bitcoin surged above $126,000 in October before pulling back 35%.

Now, we're sitting here with bitcoin trading around $92,000. And naturally, you are asking: "Teeka, if the fundamentals are so strong, why isn't the price higher? "

It's a valid question.

Because, unlike back in early 2024 – when bitcoin was trading around $38,000, and I was virtually the only person publicly calling for a six-figure price – today, I'm joined by some of the sharpest financial minds in the world.

Just take a look:

VanEck, one of the largest asset managers in the United States, projected bitcoin would trade at $180,000 by Q4 2025.
The head of digital assets at investment bank Standard Chartered forecasts bitcoin to hit $200,000 by the end of the year.
Investment firm H.C. Wainwright projected $225,000, citing greater regulatory clarity and inflows from the spot bitcoin exchange-traded funds (ETFs).
Tom Lee of Fundstrat said rate cuts by the Federal Reserve would help propel bitcoin to $250,000 by year's end.
And venture capitalist Chamath Palihapitiya said bitcoin could hit $500,000 this year as adoption accelerates.

Friends, these aren't fringe voices. These are global banks, major financial firms, and billionaire investors – all now seeing the same thing I've been predicting for years: Mass institutional adoption of the greatest asset ever created.

Naturally, that begs the question:

Why – despite all this bullish momentum… Despite the strongest fundamentals bitcoin has ever had… Despite the smartest money in the world predicting six-figure prices – is bitcoin still trading below $100,000?

I've Prepared You For This Day

If you've been following me for a while, you will likely know the answer. It all comes back to what I call The Great Crypto Conspiracy.

I warned you that Wall Street would eventually drop the act… stop pretending to hate bitcoin… and reveal what they've really been hiding behind closed doors. They were never trying to kill this asset – they were trying to control it.

And right now, we're seeing the most aggressive phase of this conspiracy play out in real time.

Just as bitcoin hit a new all-time high around $126,210 in October, rumors "conveniently" leaked that MSCI – which directs nearly $17 trillion in passive global investment capital – was considering banning companies holding more than 50% of their assets in bitcoin from its indexes.

The target was obvious: Strategy (formerly MicroStrategy). It's the most powerful corporate bitcoin treasury company on earth.

I've covered the MSCI/Strategy story here and here. In a nutshell, since the MSCI rumors leaked, bitcoin has been down as much as 35%.

But here's the catch: While Wall Street is hammering down bitcoin's price with one hand, you have to look at what it's doing with the other.

They're Accumulating While Weak Hands Are Folding

As bitcoin's price tumbled on those rumors, Wall Street publicly made some of the most bullish moves in the history of this asset class. To a cynic, the timing looked awfully convenient.

Bank of America's wealth management division endorsed a 1-4% bitcoin allocation for its clients. Starting in January, the bank's investment strategists will begin covering four bitcoin ETFs, including BlackRock's IBIT.
Vanguard Group – the second-largest asset manager in the U.S. with nearly $11 trillion under management – has quietly reversed its long-standing anti-crypto stance by allowing its customers to buy bitcoin ETFs. For years, it dismissed bitcoin as "too volatile" for serious portfolios.
Goldman Sachs announced it would acquire Innovator Capital Management for about $2 billion. Innovator provides bitcoin-structured ETFs. This is the same Goldman Sachs that – in 2020 – said crypto is "not an asset class" and "not a suitable investment."
BlackRock officially filed for a staked Ethereum (ETH) exchange-traded fund, marking a key step in bringing crypto staking exposure to the masses. Remember, BlackRock also manages the largest spot bitcoin ETF in the world.
Charles Schwab announced it will allow trading of spot bitcoin and Ethereum on its platform.
And on the regulatory front, the Commodity Futures Trading Commission (CFTC) announced on Monday it will allow bitcoin, Ether, and the USDC stablecoin to be used as collateral for derivatives trades. This move will open the door for ⁠the broader use of cryptocurrencies in traditional markets.
Meanwhile, the Securities and Exchange Commission (SEC) is also preparing a market-structure rule that could unleash trillions in institutional flows.

All these announcements came within two weeks of each other. Friends, do you see the game being played here? Push the price down, then get bitcoin into your best clients' portfolios 35% below the highs.

Understand this: The war for bitcoin is no longer about its survival. This asset class is here to stay. The war is now about who gets to sell bitcoin financial products to you.

What better way to scoop up assets than to scare folks out of any and all competing forms of crypto such as bitcoin treasury companies like Strategy and its suite of bitcoin-backed income projects?

When you follow the sequence of events since the October 10th MSCI "leak," how can any logical person not come to the conclusion that Wall Street is attempting to muscle out any and all competition?

Strategy's CEO Michael Saylor is offering a host of preferred securities that offer a range of risk, and yields that pay between 8-12% for zero fees.

Wall Street knows that crypto products will generate tens of billions in new fees over the next decade. But how can they sell high-priced crypto products to you when Saylor is offering his products for free?

When viewed in that light, you can see that Wall Street will likely do everything in its power to clear the decks of any and all competition. The prize is so large, and the men and women of Wall Street are so greedy, they will stop at nothing to feed their fee-loving corporate machines.

The numbers back this up…

Research firm Dataintelo projects the global fund-management fee market – roughly $145 billion today – will grow to $260 billion by 2032. And much of that growth will come from new financial products like crypto ETFs.

Bitcoin and crypto-related financial products are Wall Street's new gravy train. That's why they're all jockeying for a piece of this new fee pie.

Ask yourself this: With virtually every broker, wire house, bank, and money manager telling their clients to allocate to bitcoin… Is the long-term price trajectory of this asset higher or lower?

It's clearly higher because the issuance of new bitcoin is capped at 21 million coins. It's nothing more than simple math. Ever-increasing demand meeting a fixed supply. It's that easy.

Buying BTC is a Bet on Wall Street Greed

To execute its game plan, Wall Street needs to shake you out of your self-custodied bitcoin, altcoins, and competing crypto products.

They need to induce volatility, so they can accumulate these assets on the cheap… Then package them up and sell them back to you at a premium in their ETFs and derivatives.

So, what do you do now? You simply hold on.

The smartest money in the world is now saying what my research has shown for years: Institutional adoption is accelerating, and bitcoin is headed higher.

Could we go down before we go up? Sure, we could. If history is any guide, we could go down a lot. But we could just as easily spike up to the stratosphere if the institutions start to FOMO.

This is bitcoin. It's the most volatile asset you will ever own. But don't confuse volatility with impaired value.

Some of today's most valuable assets were once among the world's most volatile assets. That includes companies like Tesla, Nvidia, Apple, Microsoft, Oracle, Amazon, and Facebook.

On any given day, bitcoin can drop 50% or rise 50%. That's the nature of the asset. You tame that volatility with position sizing. Pick a percentage of your portfolio to allocate to bitcoin, dollar-cost-average in, and then leave it alone.

That is exactly what global banks to asset managers – the people who manage trillions of dollars' worth of capital – are doing. They're positioning for a future where bitcoin becomes a core financial asset. And their greed for fees will incentivize them to sweep hundreds of billions of their client dollars into bitcoin and crypto products.

Friends, here's the bottom line: It doesn't matter whether you buy bitcoin at $50,000… $75,000… or even $100,000.

What matters is that if you stay in the asset for the long term, because my research suggests you'll likely get a chance to sell your bitcoin at $1 million by the end of this decade. That's a 10x over the next five years. That's a compound annual growth rate of 58%.

How will we get there?

We will ride on the back of Wall Street's greed, that's how. Will I deal with some heart-thumping volatility along the way to average 58% returns? You bet I will. And so should you.

Let the Game Come to You!

Big T

P.S. Friends, these moves by institutions and regulatory agencies mark the beginning of the single largest capital migration into an asset class we've ever seen.

And it's all part of a phenomenon I call "The Convergence."

The Convergence is the combination of three major forces, I believe, will flip momentum in the crypto market back in our favor.

They are: The launch of exchange-traded funds (ETFs) focused on specific crypto sectors… A friendlier regulatory landscape… And mass financialization of crypto products leading to global institutional adoption.

When the market flips, the melt-up will be fast. Volatile. And packed with opportunities.

And while bitcoin will benefit from The Convergence, I don't see it becoming the biggest winner. Instead, I believe the highest gains will come from a tiny subsector of crypto tokens that have automatic payouts.

I call these "crypto payouts."

I won't get into all the details here, but I recently put together a presentation on what these tokens are, why they'll be the next ones to profit from mass adoption of this asset class, and details about our six highest-conviction plays for The Convergence.

You can stream it right here.