“If you want to make a killing from cryptocurrencies – read this book as FAST as you bloody can!”
I’d like to rush you a copy of my book, Crypto Revolution, right away.
Inside you will find everything you need to understand this financial revolution…
And take maximum – potentially life-changing – advantage of it.
Including the name of the coin I am calling “The Bitcoin Killer”…
A cryptocurrency that could ultimately climb 20,000% from where it sits today.
That’s the kind of move that turns R2,500 into R500k over the longer term.
You’ll get the name of that crypto… my full case for why it could rise to become the #1 crypto in the world…
And my full analysis on the entire cryptocurrency landscape, all in my book.
‘Lost’ coins mean circulating supply is inaccurate which can lead to a market rerating
The specific crypto market size is generally determined by the price of the token multiplied by the circulating supply of the token.
The way circulating supply is calculated is to take into consideration every token issued. But what if some of these tokens were actually lost?
You see, while most investors store their coins safely in a digital wallet, many investors have actually lost access to their bitcoin. In other words, they can't sell it or spend it.
And you’ll be surprised to find to know how many are lost…
According to software company Chainalysis, nearly 4 million Bitcoin have been lost (lost passwords, lost wallets or laptops). And there’s a good chance they’ll never get them back.
A further 5 million bitcoin are stored in digital wallets or similar.
In total, that's 9 million bitcoin. This is the circulating supply.
It’s also more than half of the 17 million bitcoin that have ever been mined.
So, do you see why it could be misleading?
Some people think that 9 million bitcoins are in the hands of investors right now. but that’s not true.
And because 4 million have been lost (and probably will never be seen again), the supply of bitcoin is becoming scarcer.
Did you miss ANOTHER Triple-digit gain this last month?
Those canny Pickpocket Traders didn’t - this time an 389.61% gain from a USD/ZAR trade.
And this isn’t a one-off lucky strike. Since June, Trader X and his followers have banked gains of 22.52% from a European media company... 29.41% from Standard Chartered, 31.25% from BMW, 52.88% on Brent and 65.79% on Gold
So what will investors do when they realise there are half as many Bitcoin available than previously thought?
People will rush to buy them, as the coins become scarcer. And subsequently, this could spark a rally in the crypto space.
But believe me, this is not the only reason why Bitcoin’ price could rise.
Wall Street is starting to invest in the crypto industry. And coming up on 23 September, the Intercontinental Exchange (ICE), the world’s second-largest exchange by market cap, will offer trading of two Bitcoin Futures Contracts, which could bring in more crypto investors.
So if you haven't invested yet, there’s still time!
See you next week.
Managing Editor, The South African Investor
Bitcoin is not the only crypto poised to rise. My colleague Sam Volkering believes this one crypto could
in fact, eclipse bitcoin and help investors turn a tiny sum of R1,000 into R220k.