The Biggest Buyer of Them All Is Targeting Bitcoin

November 18, 2024
by RJ Hamster

November 18, 2024 | Listen Online | Read Online

Teeka Tiwari

The Biggest Buyer of Them All Is Targeting Bitcoin

Bitcoin has a lot going for it.

It’s trading at all-time highs. Demand for bitcoin exchange-traded funds (ETFs) is through the roof.

And Donald Trump, a pro-bitcoin president, just won the election.

But an even bigger catalyst could be on the way — one that could propel bitcoin to as high as $500,000.

As soon as next year, the United States government could start buying bitcoin by the truckload.

That’s because many believe President Trump will introduce a “strategic bitcoin reserve.”

This simply means the federal government will start buying bitcoin and holding it on its balance sheet.

It sounds unbelievable. After all, nothing like this has happened in bitcoin’s 15-year history.

Until recently, the U.S. government has fought bitcoin tooth and nail. It’s not the only major government to take this stance, either.

Other countries have tried to regulate bitcoin to death. Some have banned it outright within their borders.

And it’s not hard to understand why.

Bitcoin is simply better-quality money than fiat currency.

Unlike fiat currency, bitcoin cannot be diluted. There will only ever be 21 million bitcoin. Bitcoin can’t be printed out of thin air. Real work in the form of energy-intensive bitcoin mining has to take place before new bitcoins can be formed.

Global investors are starting to wake up to the idea of just how superior a form of money bitcoin is when compared to central bank-issued fiat currency.

That’s why the U.S. government has largely treated bitcoin as a threat.

And it’s why the idea of a strategic bitcoin reserve is so incredible. It would mark a complete turnaround in how governments deal with bitcoin.

And this “crazy” idea is starting to gain traction.

The day after President Trump won the election, Wyoming Republican Senator Cynthia Lummis wrote this on X (formerly Twitter):

Source: X

It’s an understatement to say this would be extremely bullish for bitcoin.

We’re talking about the world’s most powerful government and economy – one that effectively has unlimited buying power – giving its blessing to bitcoin.

But it’s bigger than that…

If the United States establishes a strategic bitcoin reserve, it would set off a chain reaction worldwide… forcing other countries to buy bitcoin as well.

We can’t understate how much of a game-changer this would be.

Remember, bitcoin is a scarce asset. There will only ever be 21 million bitcoin in existence. And that doesn’t include all the bitcoin that has been lost over the years.

When you combine bitcoin’s inherent scarcity with uncapped buying power, you have a recipe for much, much higher prices.

During an interview with Bloomberg last week, Galaxy Digital CEO Mike Novogratz said he believes a strategic bitcoin reserve would send BTC to a half-million dollars.

I think bitcoin heads to $500,000 — it’s a whole different paradigm because it forces every other country [to buy it], and countries are already buying it.”

Of course, there’s no guarantee a strategic bitcoin reserve will happen. But the odds are probably higher than you think.

Multiple cabinet picks in the Trump administration support it. And we’re also seeing support for this initiative at the state level.

Last week, Pennsylvania introduced legislation to create its own strategic bitcoin reserve.

If it goes through with it, Pennsylvania would become the first state to do so. But certainly not the last.

According to Satoshi Act founder Dennis Porter, at least 10 states will introduce legislation regarding strategic bitcoin reserves in the near future.

The United States also wouldn’t be the first nation to adopt a strategic bitcoin reserve.

In 2021, El Salvador became the first country to make bitcoin legal tender. That same year, the government of El Salvador started adding bitcoin to its Treasury… and kept buying ever since.

Today, the country owns 5,935 bitcoin, or about $532 million worth.

Keep in mind, El Salvador is a country of just 6 million people. Its economy ranks 98th worldwide.

With a world-leading national GDP of nearly $30 trillion, the United States is far bigger… far wealthier… and has far more influence.

It could ignite a worldwide bitcoin buying frenzy among nation states. We’re talking about hundreds of billions of dollars piling into bitcoin… potentially trillions of dollars in the long run.

This is what I call a “tsunami of money.”

With the price of bitcoin skyrocketing higher versus the dollar, central banks will have a powerful incentive to make the leap into bitcoin now or face the reality of having to pay $500,000-plus per bitcoin.

Now, imagine what happens when the biggest money manager of them all – the United States government – holds bitcoin on its balance sheet.

And as bitcoin goes, so do the altcoins. That’s because bitcoin is a gateway to the greater crypto ecosystem.

Retail and institutional investors first dip their toes into bitcoin. Once they get their feet wet, they branch out to altcoins like Ethereum and Solana. Soon, I believe they’ll start allocating capital to smaller altcoins.

That’s because I believe President Trump’s election victory will trigger a massive boom in a subsector of altcoins. Over this cycle, I believe they’ll outperform bitcoin.

An Imminent Catalyst No One Is Talking About

As I said above, the odds of the United States building a strategic bitcoin reserve is much higher than anyone thinks.

For us, this is good news because it isn’t priced in.

There’s another imminent catalyst that isn’t priced yet, but this one is coming to us much faster.

In just a few weeks, on December 10th, three of the biggest investors on Wall Street are meeting to make an unprecedented move that I believe will turn this already booming crypto market into a melt-up of biblical proportions.

This is your last, best, and only shot to get the life you want… without putting your current lifestyle at risk.

Hardly anyone is talking about this, and the few who are don’t fully appreciate what it means for bitcoin and a special subsector of the altcoin market.

That’s why on December 4th, I’m broadcasting an urgent session called “The Last Call” where I’ll explain what this upcoming meeting is all about and share with you why I believe you must prepare beforehand.

You can now reserve your seat for the December 4th broadcast by going here.

Friends, bitcoin is already becoming a core holding of Wall Street money managers – and, in time, will be held by virtually all money managers, including pension funds.

I believe this meeting on December 10th will significantly accelerate this trend.

Your job is to position yourself beforehand which is why I strongly encourage you to join me on December 4th. Reserve your seat now.

Let the Game Come to You!

Big T

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