Teeka Tiwari of The Palm Beach Letter Releases Final Crypto Picks of the Year.
Teeka Tiwari who is chief editor of The Palm Beach Letter who is one of the worlds leading crypto experts, has just released his final update of the year and he's issued his final crypto picks for the year to his readers.
In this post, I will summarize how he thinks 2024 will pan out for crypto and I will reveal two of his top crypto picks!
Teeka Tiwari of the Palm Beach Letter believes that 2024 will be one of the last, great crypto bull runs before crypto finally becomes widely adopted and goes more main stream.
And Teeka Tiwari has highlighted two events that will ignite the crypto market that will encourage crypto prices to soar.
If you want to get all of Teeka Tiwari's crypto research and crypto picks in 2024, why not join his Palm Beach Letter service here for 75% off.
Spot Bitcoin ETF Approvals
A small group of the worlds largest financial giants including BlackRock have submitted applications for Spot Bitcoin ETF's.
In basic terms, these are funds that allow investors to get exposure to Bitcoin without having to buy Bitcoin or self custody it themselves.
Teeka Tiwari expects when these applications are approved, it will allow billions of dollars to flow into Bitcoin and the wider crypto market.
Teeka expects that when these applications are approved, the price of Bitcoin could near its previous all-time high of around $69,000.
But Teeka has also warned that shortly after approval, their could be a sharp drop in price of Bitcoin as crypto speculators and traders pull their money and take their profit as they traded of the news of these events.
He also said that if there is a sharp drop in price, don't be fooled that Bitcoin will continue to plummet in price because a price dip will allow more investors to buy Bitcoin in readiness for the next big crypto event of 2024...
Bitcoins Halving
In April 2024, Bitcoin will go through a cyclical event called halving where the amount of Bitcoin given to Bitcoin miners will drop from 6.5 Bitcoin's to 3.25.
All you need to understand about this is that the amount of Bitcoin circulating in the market will reduce whilst demand will be high which will increase the price of Bitcoin.
Teeka Tiwari mentions that Bitcoins Halving (which happens every four years), is usually the main trigger for the crypto bull run to begin.
And Teeka has mentioned that Bitcoin could exceed $100,000, maybe even $150,000 at some point during the crypto bull run.
But now I will reveal two of Teeka Tiwari's top picks for the crypto bull run...
Two of Teeka Tiwari's favourite crypto picks for 2024 are Bitcoin and Ethereum. He expects these two crypto coins to do very well in the 2024/2025 crypto bull run.
However, Teeka Tiwari has six further crypto picks that are primed to do well in the up-coming crypto bull run and if you would like to learn more about these crypto coins and receive Teeka Tiwari's future crypto picks that he will be releasing in 2024, why not join his top rated Palm Beach Letter service that you can join here for 75% off.