More Articles | Free Reports | Premium Services Saturday Round Up Hello, Fellow Navigator. Today, I have a lot to share, so make yourself comfortable... First, I’ve got some insights on Bitcoin from John Pangere, our warrants expert and editor of Freeport Strategic Opportunities… And I want to touch on the “Manhattan Project” of our lifetime. Let’s get to it… Yesterday here, Freeport Society Chief Investment Strategist Charles Sizemore talked about how Bitcoin could hit $500,000 during Donald Trump’s next term. John has something to add. Here he is… Bitcoin has a limited supply. Over time, only 21 million total bitcoins can be “mined.” Today, there are over 19 million in existence. And we know that the last one will come in the year 2140 based on how the mining program works. But even more compelling, if you look back at the history of bitcoin, we already know where it’s heading long-term: higher. Bitcoin mining today is not too different from mining for gold. It takes the right equipment. It takes lots of energy. And it takes a big bankroll. That wasn’t always the case. Back in the early days of bitcoin, all you needed was an internet connection and a decent computer. Almost anyone could do it from home. But things changed based on the way the mining program is set up. After bitcoin hits certain milestones, the program slows down. This is what we call a “halving.” When the program reaches a halving point, the output drops by half until the next halving. Then it drops again. This goes on until miners can mine all 21 million bitcoin. Dropping the output means it gets harder – and more costly – to mine. That’s partly why I view bitcoin as a long-term store of value. If you ignore the noise of the short-term price swings, it should hold up over time. It’s why I continue to accumulate bitcoin in my own portfolio. I see it as a sort of personal “treasury” asset much like I do gold and silver. Trump has signaled to the world that he wants the U.S. to add bitcoin as a reserve asset. And that may be a smart move. As the price of bitcoin ticks higher after each halving period, that would make the “bitcoin reserve” more valuable. Not unlike the value of U.S. gold in Fort Knox as gold heads higher. As Charles wrote yesterday, this is why our paid-up members hold Bitcoin in The Freeport Investor model portfolio… and why he recommends adding more. Charles had several other recommendations for you this week, as you’ll see in the recap below… |
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