Editor's Note: Michael's paid-up Nova-X Report readers are getting his recommendation for a little-known "coin" – one of a type that The New York Times says is making people "hilariously rich" (click here for details). But he wants everyone to know about his favorite low-key way to potentially make money on this high-profit trend. Here's Michael…
A little more than nine years ago, on Jan. 12, 2009, Hal Finney became the first recipient of Bitcoin. That was the day the computer game developer and well-known "cyberpunk" downloaded the Bitcoin software from the cryptocurrency's creator(s), Satoshi Nakamoto – and received 50 of the digital coins for doing so.
That was the very first Bitcoin transaction.
At the time, those bitcoins had almost no value – less than $0.003, in fact. But at Bitcoin's December 2017 peak of nearly $20,000, those 50 coins were worth a cool $1 million.
Since the Finney-Satoshi transaction, we've seen the "debut" of more than 800 cryptocurrencies. Today, their market cap is at $759.7 billion.
Despite all that, in December, I began warning retail investors to stay clear of buying Bitcoin directly.
You see, I was worried that the new ability to trade Bitcoin futures, with all the Wall Street muggers and sharks coming out of the woodwork, would burn new investors.
Moreover, I predicted that the leading crypto would become highly volatile.
I was right. Over the next few days, Bitcoin fell as low as $10,000 – a 50% decline.
Here's the thing: I still believe Bitcoin has unlimited potential and is a great place for tech investors to make money.
That's why, in a moment, I'm revealing what I believe is the single best, safest way to play Bitcoin right now.
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.