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Have You Thought About Investing In Cryptocurrency?

February 1, 2021

Webinar:  The Cryptocurrency Conversion

 

Cryptocurrency may be a great option for you – acting as an insurance policy – to protect you from inflation, Wall Street, and the non-stop money printer the Federal Reserve has.

Don’t let this intimidate you. Instead, think of cryptocurrency as an “off the grid” investment that governments aren’t able to manipulate like other currencies.

 

“There Is Much Greed In You”… As Jedi Master Yoda Would Say.

There has never been a better time to invest in cryptocurrency than now. I’m sure you heard the news regarding the war on Wall Street between retail investors, often considered the “little guy” and hedge fund managers.

Retail investors have been fighting back against Wall Street greed by organizing on a Reddit forum called Wall Street Bets.

This is an attempt to drive up stocks that are heavily shorted like Gamestock (GME) and AMC (AMC), causing a short squeeze for hedge fund managers.

GME stock went from $60 to as high as $513 in one week.

 

GME Chart

Courtesy of Yahoo Finance.

https://finance.yahoo.com/quote/GME?p=GME

 

AMC Chart

Courtesy of Yahoo Finance

https://finance.yahoo.com/quote/AMC?p=AMC

 

Just recently, major brokers such as TD Ameritrade, Robinhood, Charles Schwab, Webull, and Interactive Brokers decided to ban trades of GME and AMC.

They claimed it was to protect them and their customers. In reality, this was just a move to allow hedge funds to get out of their short positions.

This is especially funny considering brokers like Robinhood claim they built their trading application for the “little guy.”

However, they did just the opposite, and decided to “forget the little guy” by banning GME and AMC trades so that hedge funds could get out of their short positions.

 

“Oh How We Forget.”

Just like during the 2008-2009 financial crisis, Wall Street got greedy and had to be bailed out, now because of the same greed they want the brokers to bail them out.

Wall Street has always been greedy, which is fine. They are in business to make money. However, when they become crooks, it’s a good time to think about other investments that protect you from them – like cryptocurrency.

There is a reason many brokers won’t let you trade Crypto. The simple reason is that they can’t manipulate it like other stocks and ETFs.

And, of course, you certainly can’t purchase it through a traditional IRA, because Wall Street wants you to buy their products so they can steal your money through commissions.

The best way to trade cryptocurrency using your IRA is through a custodian like NuView Trust.

To learn more about cryptocurrency watch our recorded webinar above or contact us directly for immediate assistance.