Money Morning https://moneymorning.com Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. In fact, we believe this is where the only real fortunes will be made in the months and years to come. Money moves markets. But Money Morning lets you move first. en Sun, 05 Jul 2020 06:02:24 +0000 Sun, 05 Jul 2020 06:02:24 +0000 5 The 2 Best REITs to Buy in July (and 1 to Sell) https://moneymorning.com/2020/07/02/the-2-best-reits-to-buy-in-july-and-1-to-sell/ When the economy shut down in March, I saw a lot of genuine fears that commercial real estate markets would collapse.

That would have crushed commercial real estate lenders and possibly pushed the U.S. economy into a full-blown Depression.


Commercial lenders' collapse would have threatened the banking system as losses from bad loans spiraled out of control.

I wasn't the only one concerned.

Real estate investment trusts (REITs) that make commercial loans were crushed in the sell-off, with some industry leaders losing as much as 75% or more of their market value.

Then the Fed stepped in with trillions of dollars in fiscal stimulus programs. Congress passed extended unemployment and one-time stimulus payments to individuals to keep the economy afloat.

It worked.

Figures from the National Association of Real Estate Investment Trusts show that rent payments have been relatively high for all segments of the market except for retail and senior living facilities.

The commercial mortgage REITs have recovered some of their losses too.

Simply put, investors overreacted to fears over real estate that never materialized. And that's creating the perfect buying opportunity right now. Not only are these REITs underpriced, which means they will pop higher soon, but the lower price means their yields are much higher than normal. That adds even more cash to your portfolio.

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What makes July such a good time to buy is the coronavirus pushed back the real estate market's seasonal peak from the spring to late summer. Plus, Congress is ready to pass even more stimulus measures, which will add another backstop for this lucrative market.

At current prices, the best-managed and strongest commercial mortgage REITs have high yields and excellent prospects for substantial gains over the next year...

The Best REIT to Buy Is on Sale

KKR Real Estate Finance Trust Inc. (NYSE: KREF) shares fell by more than 50% during the March sell-off but have now recovered about half of the decline. This REIT's sponsor and largest shareholder is an alternative investment giant, KKR & Co. Inc. (NYSE: KKR), so it has deep pockets available and draws on the expertise and relationships of KKR. It also helps that 85% of its portfolio comprises multifamily and office property types, while only 8% is hospitality and retail.

The balance sheet is in solid shape at KKR Real Estate Finance. It has $370 million in cash and about $80 million left on its credit line. Seventy-three percent of its debt is non-mark-to-market and unlikely to force a margin call or default based on swings in the markets. The average loan to value in the portfolio is just 66%, so it would take an epic collapse in commercial real estate for the firm to lose money. Even if the loans defaulted, KREF should be able to recoup its money by selling the properties.

The board feels pretty good about the future of the company too. So far this year, they have repurchased 2,037,637 shares of stock. Almost 370,000 of those were bought in April as the stock began to recover lost ground.

At the current price, the REIT yields a little over 10%. Also, the stock has to move higher by at least 25% to recover the rest of the March decline in the shares.

This is simply one of the best REITs available thanks to the connection to KKR and its elite management, and this price and yield won't last long.

The Best REIT to Own During a Crisis

Ladder Capital Corp. (NYSE: LADR) fell by about 80% during the initial sell-off as investors were sure that the REIT was going to collapse due to commercial real estate defaults.

The markets seemingly forgot that Ladder was born during the credit crisis, and the management team knew what they had to do to survive.

Ladder entered into a strategic financing arrangement with Koch Real Estate Investments, an affiliate of Koch Industries, under which Koch will provide the company with approximately $206.4 million in senior secured financing to fund loans. The company also announced the completion of a private CLO with Goldman Sachs Bank USA, which generated $310.2 million of gross proceeds to Ladder.

When all was said and done, Ladder had $830 million of cash on hand and over $2.6 billion of unencumbered assets. Most of the loans are senior-first mortgage loans, and the securities portfolio is primarily AAA-rated commercial mortgage-backed securities. The portfolio continues to throw off cash, and for the first quarter, Ladder Capital was profitable with core earnings of $26 million.

Ladder Capital did cut the dividend to preserve cash, but even after the cuts, the REIT yields almost 10%. The stock price has to more than double to get back to the pre-pandemic highs, so the total return potential is enormous here.

Of course, not all REITs are going to bounce back. We've targeted companies with excellent management, balance sheets, and operations in the right markets. These got punished during the mass sell-off in March.

Unfortunately, some companies deserved to get sold...

Steer Clear of This REIT

Colony Credit Real Estate Inc. (NYSE: CLNC) has been an absolute disaster since being spun off from Colony Capital Inc. (NYSE: CLNY) two years ago. The REIT has cut dividends on multiple occasions. Its loan quality was poor, and it has had to take several asset write-downs that reduced book value. Most of that was happening before the pandemic began, and the situation has worsened amid the volatility in the commercial real estate markets.

Colony Credit has suspended the dividend to conserve cash. You get paid nothing and are just making a highly speculative, highly leveraged bet that the new management installed back in March can turn around a very troubled ship.

Most investors are best served by passing on that bet.

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About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.]]> Thu, 02 Jul 2020 16:23:35 +0000 https://moneymorning.com/2020/07/02/the-2-best-reits-to-buy-in-july-and-1-to-sell/ 5 Cardano Price Predictions for 2021 – One Sees a 2,526% Gain from Here https://moneymorning.com/2020/07/01/5-cardano-price-predictions-for-2021-one-sees-a-2526-gain-from-here/ It's been brewing on the back burner for years, but now the Cardano cryptocurrency is on the verge of a breakout.

Cardano price predictions for 2021 range from a mere double all the way up to a stunning 2,526% gain.


But why now? After all, Cardano (ADA) is down 94% from its all-time high of $1.33 reached in January 2018. It currently trades at about $0.09.

Cardano, though, is no ordinary cryptocurrency. It's a long-term project that has taken a measured approach to building what may be the most technically advanced crypto of them all.

Weiss Ratings, in fact, ranks Cardano as the top coin in its Technology category - ahead of coins like Tezos (XTZ) and Ethereum (ETH).

Cardano's long journey is on the verge of a major milestone - the first of several that will come in quick succession. As the project proves its worth, it will draw greater adoption, which in turn will drive demand and higher prices for ADA.

Here's an overview of what makes Cardano such a compelling investment right now...

Cardano Is a "Third-Generation" Crypto

Cardano's development actually started in 2015, although the ICO (initial coin offering) wasn't held until 2017.

It was founded by Charles Hoskinson, who co-founded Ethereum. Hoskinson set out to create a "third generation" cryptocurrency. (This assumes Bitcoin was the first generation and Ethereum the second.)

But cryptocurrencies from Bitcoin on have been plagued by a number of issues, including scalability, security, and interoperability. Cardano's developers set out to learn from the mistakes of prior cryptos while adopting the ideas that made sense.

So Hoskinson started from scratch. He put together a team of top-notch developers. He chose to use a little-known programming language called Haskell that enforces rigorous discipline.

Cardano is all about preserving flexibility and finding the best way to do things. It uses a layered architecture to help make it more scalable and secure. It also uses a modular design, which will make it easier to upgrade.

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The code is published and peer-reviewed; the team is doing valuable research. The group has published 77 research papers over the course of Cardano's development.

The long-term goal is to create a secure, robust network with broad abilities.

I have long admired this project, dubbing it crypto's "sleeping giant" back in 2018.

And while the work has been painstaking, the project is now starting to realize the fruits of its labors...

This Cryptocurrency Is Making Its Move

The biggest event is the current rollout of the "Shelley" upgrade. This will increase decentralization in Cardano's proof-of-stake system of securing its network.

Shelley is the first major upgrade in the Cardano roadmap. Anticipation of Shelley has pushed the Cardano price up as much as 66% since May 25. The pop lifted it from the No. 14 ranking on CoinMarketCap to No. 10.

But what few realize is that the Cardano team has been working on the remaining planned upgrades (named Goguen, Basho, and Voltaire) this whole time. This strategy of parallel development means Cardano can now make a vast amount of progress in a very short time.

"We kind of have this reputation of, with the peer review, we're so slow we never ship anything, but the reality is that all the things we've been working on for five years are just coming together all at once," Hoskinson told Messari's Ryan Selkis in a June 17 YouTube interview. "Now we're in a situation where we can ship things in a matter of weeks that normally would have taken months."

That means we could see big price increases as Cardano quickly reaches maturity over the next year or so.

That's why these Cardano forecasts are so sky-high...

The Top 5 Cardano Price Predictions for 2021

We'll start with a prediction from the aforementioned Ryan Selkis, co-founder of the crypto news and data website Messari. He recently predicted on Twitter that Cardano would rise to No. 5 on CoinMarketCap in 2021.

That would require the ADA market cap - and hence the price - to double. That's a 100% gain.

The website Digitalcoinprice.com sees a slightly higher 2021 price: $0.2026, an increase of 144%.

An Italian crypto website, PrevisioniBitcoin.it, sees Cardano hitting $0.67 by July of next year (a gain of 695%) and $1 by December (a gain of 1,104%).

Another site, UsetheBitcoin.com, thinks ADA tokens will reach $1 by the beginning of 2021 - a much more aggressive call.

But far from the most aggressive. That distinction belongs to Prime XBT, which has forecast a Cardano price of $2.18 before the end of 2021. That's an eye-popping increase of 2,526% in a little over one year.

Holding your ADA past 2021 could yield even bigger gains. Prime XBT's Cardano price prediction for 2025 - just five years away - is $12 per token. Selling then would give you a monster gain of 14,358%!

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Follow me on Twitter @DavidGZeiler and Money Morning on Twitter and Facebook.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.]]> Wed, 01 Jul 2020 17:40:30 +0000 https://moneymorning.com/2020/07/01/5-cardano-price-predictions-for-2021-one-sees-a-2526-gain-from-here/ Should You Invest in Canopy Growth or Green Thumb Industries? https://moneymorning.com/2020/07/01/should-you-invest-in-canopy-growth-or-green-thumb-industries/ Canopy Growth Corp. (NYSE: CGC) is one of the most popular stocks in the marijuana industry. The company has the largest market cap of any cannabis company in Canada. It also has name-brand appeal through partnerships with celebrities like Seth Rogen and Drake.


But there is also plenty of competition in the cannabis industry.

Let's talk about another stock that comes up a lot when we talk about investing in cannabis. Many have asked themselves whether to invest in Canopy Growth, or another marijuana industry rival, Green Thumb Industries Inc. (OTCMKTS: GTBI.F).

Green Thumb is a lesser-known stock. But believe it or not, the company brought in more revenue than Canopy last quarter.

Today, we're going to take a look at both and see which is the better investing option.

Why Invest in Canopy Growth?

Canopy Growth has been putting its name to good use, and that has translated into real business success. The beverage giant behind Corona and Modelo beer, Constellation Brands Inc. (NYSE: STZ), started buying stakes in Canopy in 2017.

Constellation has been on a mission to produce cannabis beverages. And upping its stake in Canopy is going to help.

Constellation recently announced it was exercising 18.9 million warrants to buy Canopy shares. The company's CEO, Bill Newlands, said recently that Canopy is "best positioned to win" as a pure play in the future marijuana industry.

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Of course, this sector still has a ways to grow. October 2018 was the first time Canada legalized adult-use recreational marijuana. Medical marijuana is currently only legal in 33 states, excluding CBD, which only became legal to transport across states in 2018 as well.

The more distant future is still very promising for Canopy Growth. Canopy is sitting on $1.3 billion in cash as of its last quarterly report. Much of that is thanks to investment from Constellation.

This company is a leader in Canada, but it could also make its way to the United States down the line. Canopy operates in the CBD space as well. So even before cannabis is further legalized in the U.S. Canopy can take advantage of CBD.

For when marijuana is legalized, Canopy has a chance to acquire U.S. marijuana company Acreage Holdings. The companies made an agreement where Canopy acquires Acreage if marijuana becomes federally legal in the United States.

Constellation Brands' ex-CFO, David Klein, happens to be Canopy's new CEO. Under his leadership, the financials have been solid, and the company has launched new products.

Canopy Growth will be a powerhouse in the future. But can it best Green Thumb Industries?

Why Invest in Green Thumb Industries?

Green Thumb Industries might not have a mega-partnership with one of the biggest beverage companies in America. But it's doing fine on its own.

Believe it or not, this company is 10 years older than Canopy Growth, yet its revenue is growing faster. Green Thumb's revenue in Q1 2020 grew 267% from the year prior, to $102.6 million. That was more than 35% from the previous quarter.

The great news is that GTI is just getting cranked up. It's continuing to open new stores in states with sizable legal cannabis markets. GTI currently has 44 retail cannabis stores in the United States but owns licenses for another 52 stores. That totals 96 locations in 12 different U.S. markets. Its markets include states that have already begun to adopt recreational marijuana, such as Illinois.

Green Thumb recently broke $2 billion in market cap. That's about only one-third of Canopy's growing market cap. But just like Canopy, this pot stock has a long way to grow.

Shares trade for a little less than Canopy Growth, at $9.81. Analysts say shares could reach over $430 million in revenue this year. And that's going to send the stock soaring.

But higher than Canopy? Let's see...

Canopy Growth or Green Thumb?

We like Green Thumb Industries right now. The speed of its revenue growth, while it's just a fraction of Canopy Growth's market cap, makes it a more promising "Buy."

Analysts also give Green Thumb a 143% price target over the next 12 months. It could go from $9.85 to $24.93.

Of course, Canopy Growth is promising, too. These pot stocks are both top players in the industry.

But they are not alone. This industry is going to bring life-changing wealth for many people. We're talking $12.8 billion in new money.

If you really want to get into some of the best cannabis investments you can make right now, you should look at this...

Remember This Number: 72.8 Billion

The legal cannabis market brought in $12.8 billion last year.

But the real demand for cannabis products? It's estimated at $85.6 billion.

That's a $72.8 billion shortfall between supply and demand... because cannabis dispensaries can't restock the shelves fast enough to meet the soaring demand in this industry.

Analysts are predicting that this could even become a $500 billion global market as countries around the world recognize how lucrative legalization could be.

Find out how you can start capitalizing from this market almost immediately right here.

Follow Money Morning onFacebook and Twitter.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.]]> Wed, 01 Jul 2020 13:00:01 +0000 https://moneymorning.com/2020/07/01/should-you-invest-in-canopy-growth-or-green-thumb-industries/ 3 Ripple Price Predictions for 2021 – One Forecasts 8,789% Gains https://moneymorning.com/2020/06/25/3-ripple-price-predictions-for-2021-one-forecasts-8789-gains/


It's been a difficult year for Ripple enthusiasts, with the price of XRP dropping 63% from $0.49 on June 25, 2019, to $0.18 on June 25, 2020.

Just like the stock market recovered from its March lows, we could very well see Ripple prices rebound in the next year.

That's why we had to make sure you saw the latest Ripple price predictions for 2021.

The lowest price target on PrimeXBT.com for Ripple in 2021 is $1.

From today's (June 25) price of $0.18, that's a potential gain of at least 455%.

However, there's one XRP price prediction so bold for 2021, you won't believe it until you see it...

We'll share that prediction by the end of this article.

But first, we're going to answer some of your most common questions we've received about Ripple heading into this year and next...

Why Did Ripple Prices Drop over the Last 12 Months?

As we mentioned earlier, Ripple has been in a bear market over the last year.

Here's one major reason: Bitcoin ETFs have been rejected by the U.S. Securities and Exchange Commission (SEC) for the last couple years.

Cryptocurrency investors were hoping a Bitcoin ETF would lure new money into the market. And that would lead to ETFs created for Ripple, Ethereum, Litecoin, etc.

Money Morning Cryptocurrency Expert David Zeiler said, "A Bitcoin ETF would help bridge the gap by allowing large investors to gain exposure to Bitcoin without the hassle of owning it outright. At the same time, it will open the door to a class of investors whose presence will help fortify and stabilize the Bitcoin market."

But since the SEC isn't ready for a Bitcoin ETF yet, cryptocurrency investors still have to wait for that catalyst at a future date.

In the past, high-profile cryptocurrency exchange hacks have made investors fearful of using exchanges and storing their crypto assets.

Finally, the massive run-up of cryptocurrency prices from summer 2016 to early 2018 was so astounding that the market needed a cooldown.

Bitcoin traded for $434 on Jan. 1, 2016 and climbed 4,301% to $19,114 by Dec. 18, 2017. Ripple prices climbed even higher, percentage-wise, when it went from $0.006 on Jan. 1, 2016, to $3.84 by Jan. 4, 2018.

That's a mind-blowing 63,900% return.

Early crypto adopters cashed out their profits and became multimillionaires.

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But now that prices have come back to earth, we're getting a lot of questions about whether Ripple is a good investment to make now...

Should I Buy Ripple in 2020?

There are two reasons to buy Ripple right now.

First, if you believe cryptocurrencies are the future of money, you can buy some and spread the adoption.

By owning and using Ripple, you can help make its widespread adoption a reality.

Here's a list of vendors that accept XRP as payment, to get you started.

The second reason to invest in Ripple is to make a profit in fiat terms.

Currently, most investments in cryptocurrencies should be considered speculative. Don't invest what you can't afford to lose. But betting on the biggest cryptocurrencies like Bitcoin and Ripple (with a combined $180 billion market cap) is certainly less risky than speculating on smaller coins only worth a couple million dollars.

If you just want to be an investor and speculate on the price of Ripple, you can open a Coinbase account.

We also have a list of seven other cryptocurrency exchanges that you can review for free here.

So, if you want to know if now is the right time to buy Ripple, let's look where some of the top analysts in the space see prices heading in the next year...

Here's Where Ripple Prices Are Headed in 2021

As we mentioned earlier, all three crypto experts see the price of Ripple going up in the near future.

Craig Cole, an analyst at CryptoMaps, believes XRP will jump 455% and reach $1 by 2021.

He claims, "Faster transaction speeds and lower fees make it easier for the financial systems to embrace the virtual currency."

Since financial institutions are able to save money using Ripple to transfer funds, more will catch on and grow the adoption.

Michael Arrington, founder of TechCrunch, sees Ripple's price reaching $5 in 2021.

Five dollars from today's price of $0.18 represents a potential gain of 2,678%. Arrington, who opened a $100 million hedge fund denominated in XRP, says that "Ripple is a really, really good way to move money," and plans on altering his career path to focus entirely on cryptocurrencies and related technologies.

But this next Ripple price prediction is even greater...

Sixteen dollars per Ripple - or 8,789% from its current price.

That prediction comes from Samson Williams, CSO of SeedUps - an equity crowdfunding platform for seed investment in startup companies.

Williams believes that Ripple could reach $16 as its new supply becomes more limited over time and "get a natural bump" from the upcoming recession.

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Follow Money Morning on Facebook and Twitter.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.]]> Thu, 25 Jun 2020 19:27:36 +0000 https://moneymorning.com/2020/06/25/3-ripple-price-predictions-for-2021-one-forecasts-8789-gains/ 3 Chainlink Price Predictions for 2021 – One Sees a 4.5x Gain https://moneymorning.com/2020/06/24/3-chainlink-price-predictions-for-2021-one-sees-a-4-5x-gain/ The Chainlink cryptocurrency, despite ranking in the top 20 by market cap, gets a lot less attention than other top second-tier cryptos such as Tezos, Tron, and Monero.

But in many ways, Chainlink (LINK) is well ahead of most other cryptocurrencies. Investors started to take notice last year - LINK popped 500% in 2019 and is up about 147% so far this year.


And several Chainlink price predictions see that momentum continuing into 2021, with the most optimistic forecast calling for a gain of more than 350%.

Forecasts for the longer term - three to five years - predict gains of as much as 2,475%.

But before we look at those forecasts, you need to know why this particular crypto is so compelling.

"Chainlink is the most successful blockchain network over the last two years, and we still feel like the underdog," Michael Anderson, co-founder of venture capital firm Framework Ventures, told Coindesk last month. Framework invested in Chainlink in 2017.

Chainlink is truly a dark horse of the crypto world...

What Sets Chainlink Apart

The Chainlink token isn't anything special by itself. It's what's known as an ERC-20 token - a digital asset that rides on the Ethereum blockchain. There are thousands of ERC-20 tokens, each tailored for a different purpose.

The Chainlink token is part of a larger system that seeks to provide secure, trusted "oracle" data to "smart contracts." Smart contracts run on a blockchain - they execute automatically when the conditions set out in the contract are met. An oracle is a trusted, online source of data that can provide the information needed to execute the contract.

But smart contracts can't connect to oracles on their own and need help determining which are the most reliable and accurate at any given moment. That's where Chainlink comes in.

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The purpose of the project is to serve as a trusted middleman that connects blockchains running smart contracts with the data required to execute them. Chainlink evaluates the source oracles to determine which is the most trusted an accurate. Otherwise, smart contracts need to link to a single oracle ahead of time. If the oracle fails, the smart contract won't execute properly (or at all).

One of the key questions to ask about any crypto is whether it has a real-world use. The Chainlink token as a part of this system most definitely does.

A Who's Who List of Partners

In fact, Chainlink is already in use. Last year, the number of smart contracts using Chainlink grew fivefold.

And it has attracted more than 200 partners both inside and outside of the crypto universe - including some very large and well-known companies.

I'm talking about such tech giants as Alphabet Inc. (NASDAQ: GOOGL), Oracle Corp. (NASDAQ: ORCL), and Intel Corp. (NASDAQ: INTC).

Chainlink is also working with SWIFT, the global transaction network that connects virtually all banks and financial institutions, on a "smart oracle" that will allow smart contracts to interact with more than 11,000 banks worldwide.

Earlier this month, the World Economic Forum put Chainlink on its list of 100 Technology Pioneers for 2020, one of just seven blockchain companies to earn that honor.

What all this tells us is that Chainlink is an unusually strong project with a ton of potential. If it succeeds in becoming the main provider of oracle services, use of the LINK token will soar - and the price along with it.

That's what crypto forecasters are looking at when they see big gains for LINK.

Now here are the top Chainlink price predictions for 2021...

These Chainlink Price Predictions See Gains of 2x to 5x

As I write this, Chainlink is trading at about $4.38. But by next year, several forecasts see its price popping much higher.

Our first forecast is from Crypto Rating, which uses an algorithm to make crypto price predictions. Right now, Crypto Rating's one-year forecast for LINK is $8.34, a 90% gain.

Crypto Rating also gives longer-term forecasts. Here are the current predictions for the next few years:

  • In Two Years: Price $14.44, for a 230% gain.
  • In Three Years: Price $28.46, for a 551% gain.
  • In Four Years: Price $56.45, for a 1,191% gain.
  • In Five Years: Price $112.54, for a 2,475% gain.

Next we have a Chainlink forecast from Digital Coin, which uses historical data to make predictions. Digital Coin puts the price of LINK at $12.85 one year from now, a gain of 193%.

Digital Coin is less optimistic about Chainlink's long-term gains. It only sees LINK increasing to $23.13 by 2026. Still, that's a solid gain of 428%.

Finally, we have a Chainlink price prediction from Weiss Ratings. Weiss mostly issues quality ratings on digital currencies, awarding each a grade and a rank versus its peers.

Weiss classifies Chainlink as a "token" (cryptocurrencies are a separate group), where it is No. 1 in several categories. Not only is LINK ranked first overall, but it's also tops in the Liquidity and Investment Reward categories.

A recent article on the Weiss website predicted Chainlink could get to $20 - a 356% gain from where it trades now.

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Follow me on Twitter @DavidGZeiler and Money Morning on Twitter and Facebook.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.]]> Wed, 24 Jun 2020 14:03:07 +0000 https://moneymorning.com/2020/06/24/3-chainlink-price-predictions-for-2021-one-sees-a-4-5x-gain/ How to Make the Most of the Incredible Growth Cannabis Has in Store https://moneymorning.com/2020/06/18/how-to-make-the-most-of-the-incredible-growth-cannabis-has-in-store/ Federal legalization of cannabis is inevitable.

Cannabis has been deemed essential in almost every state during the COVID-19 shutdowns - a contradiction that the federal government will not be able to justify for long.

The movement to legalize cannabis got underway in the 1970s, and bottom-up support of the American people has reached its crescendo.

Given the current state of the economy, the cannabis industry has proven to be one of the few sources of growth.

It creates jobs. Cannabis companies continue to heap on revenue month after month. The best cannabis companies continue to expand. And these businesses have proved a vital source of taxes for state and local governments.

Jobs, investment, taxes - these factors are all key to getting the economy back on track.

Not to mention that cannabis legalization goes a long way to restoring social justice, an urgently needed step that has taken center stage in cities across the United States.

And because the federal government has not made cannabis legal - yet - folks like you have a once-in-a-lifetime chance to own shares in those cannabis companies that can make the most of the incredible growth the cannabis industry is expected to have in store.

Buying shares now means you can own these promising companies before the last domino holding this emerging industry back falls - institutional investment...

The Last Domino Is About to Fall

The continued prohibition of cannabis at the federal level has kept institutional ownership out.

Prominent investors like major Wall Street investment banks and brokerage firms have been shut out by their compliance departments. The mutual fund industry that manages $17.7 trillion in assets for retirees, workers, and wealthy executives across the country have been hesitant to step in.

With these players on the sidelines, for now, valuations have been held down. Capital remains tight, and that means you can still get in on the cheap.

The continued federal prohibition gives us yet another reason that the emerging cannabis industry is so unique. Traditional institutional investors that typically invest privately in emerging technologies - and garner most of the value creation as a result - have had to sit on the sidelines.

The result is that, over the last few years, many small cannabis companies had no choice but to go public. They needed capital any way they could get it.

But these investors aren't going to sit on the bench for long. In fact, there is over $2.7 billion sitting in special vehicles just waiting to be deployed in the cannabis sector. That's enough to buy up almost half of all publicly traded cannabis companies.

Institutions stand behind virtually all that capital.

And there are billions more sitting on balance sheets of corporations ready to put it to work in cannabis.

Putting Yourself in a Position of Strength

These sophisticated players know what we know.

Legalization is not only inevitable. It is imminent - and they don't want to miss out.

That's why we make investing and profiting from the coming cannabis boom easy for folks like you.

When the institutions jump in, it will be a veritable bidding war for cannabis companies.

And you want to be there before the battles start. That way, you can sell your stock to them as stock prices soar instead of the other way around, which has been the case in all the incredible tech booms of the past.

So, don't find yourself in a position where you wish you could go back and do it all over again. We can see where the cannabis industry is heading.

And this incredible journey will mint millionaires left and right along the way.

You could be one of them.

By joining NICI Membership, you can get ahead of a legal cannabis market that is expected to grow well over 33 times its current size over the next few years.

You're free to join us at any time. But don't wait long - no one expects time machines to hit the market for at least another 100 years.

Go here now to learn more...

Follow Money Morning onFacebook and Twitter.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.]]> Thu, 18 Jun 2020 18:23:18 +0000 https://moneymorning.com/2020/06/18/how-to-make-the-most-of-the-incredible-growth-cannabis-has-in-store/ How to Make Passive Income with Cryptocurrency https://moneymorning.com/2020/06/16/how-to-make-passive-income-with-cryptocurrency/ With interest rates down near zero, conventional low-risk sources of passive income deliver yields so low these days they're hardly worth the bother.

Savings accounts at banks, which in the 1970s and 1980s routinely offered yields of 5.25% or more, now offer interest rates below 0.10%.


The yields on U.S. Treasuries run below 0.25% until you get to the three-year notes and below 1% until you get to the 20-year notes.

Certificates of deposit (CDs) aren't much better. Even longer-term CDs only offer a yield of 1.25% to 1.4% -- and you're required to keep your money locked up for three years, five years, or longer.

Dividend stocks and REITs (real estate investment trusts) offer much better yields - some in double-digit territory - but they come with much higher risk.

But income investors have some new options now, thanks to some innovative cryptocurrency-based fintech companies. And better still, these options are great alternatives for long-term crypto investors who are "HODLing" as well.

Cryptocurrency Comes to the Rescue of Passive Income Investors

Crypto companies around the world have sprung up over past few years to make it easier for people to earn more on their crypto deposits while using those same deposits to make low-interest loans to others.

And by more, I'm not talking about a few fractions of a percent. I'm talking a lot more.

Interest rates on deposited cryptocurrencies like Bitcoin and Ethereum run between 3% and 6%.

The rates on "stablecoins" - cryptocurrencies with values linked to the U.S. dollar - are even more impressive, ranging from 8% to 9%. Even 8% is a better yield than 88% of the stocks that pay dividends - with very little risk.

And in most cases, you don't need to lock up your money for any set period. You can withdraw it whenever you want with no penalty.

REVEALED: This one opportunity touches practically any industry you can think of. Real estate... technology... financial services... the list goes on and on. So if you want the best shot to turn a small stake into life-changing money... this is where you want to be.

This is ideal for passive income investors looking for a place to park their money while earning a nice return. It also fits the mindset of crypto investors determined to hold for the very long term.

Note that using a stablecoin means you're not exposed to the wild volatility that affects cryptocurrencies like Bitcoin and Ethereum. If you deposit $1,000 on Jan. 1, your principal will still be $1,000 on Dec. 31. But you'll also have an extra $85 or so in interest.

This is part of a trend called "decentralized finance," or "defi" for short. It's a great example of how crypto can disrupt financial services in a way that benefits individuals.

How It Works

Paying customers interest to attract deposits to lend out to other customers isn't new, of course. It was the bread and butter of community banks for decades.

But many banks now see their customers as profit centers. Basically, crypto has made it possible to revive the idea of the community bank but do it in way that's better for customers than banks ever were.

"We lend out and do all the functions banks do but with crypto-assets," Alex Mashinsky, founder and CEO of Celsius Network, said in a recent Forbes interview. "Unlike most banks and financial institutions, I turn back the majority of my profits to my depositors."

Celsius is one of the most prominent crypto fintech companies usurping the role of traditional banks.

Mashinsky's explanation of how Celsius works roughly applies to other companies that also pay "crypto dividends."

"When you look at the yields that we pay, it looks too good to be true - that is the first thing people say because they got used to [earning] almost nothing on their deposits," he said. "We lend crypto to institutions and charge them interest. Instead of keeping 100% of it like banks do, we share 80% of these revenues with our customers."

At the same time, there are caveats to using crypto for passive investing:

  • No insurance. Unlike bank deposits, funds deposited with crypto "banks" are not FDIC insured. If the company goes out of business or gets hacked, you could lose some or all of your money.
  • Regulatory limitations. Because of the patchwork of regulations that govern crypto in the United States, many companies that offer interest on crypto deposits cannot serve U.S. customers. Even among the four I review below, there are some exclusions and limitations.
  • Two-Factor Authentication. Just about every crypto service requires this. Basically, you need an app on your phone such as Authy or Google's Authenticator that generates a number you must type in when you log in.
  • Wrong addresses. Cryptocurrencies use long strings of letters and numbers as addresses when transferring funds from one wallet to another. But you must be very careful, as sending funds to an address for a different crypto will usually result in the loss of those funds. Sending Bitcoin to an Ethereum wallet, for instance, will result in the permanent loss of that Bitcoin.
  • Taxes. Gains from interest on crypto investments are taxable just like any other gains. But many crypto companies won't send you a year-end statement, or will only do so if you meet a particular threshold (typically $600 of earnings). You'll likely need to keep your own records.

With that out of the way, here's a look at four crypto-oriented passive investing services I recently tested...

The Best Sites for Earning Crypto Dividends

Before I get to the details of these services, I want to point out that for the most part the interest payments are not generated by what's known in crypto as "proof of stake." (Coinbase is one exception, as noted below.)

Proof of stake is a form of network verification in which users post a "stake" to secure the network and earn crypto rewards for doing so. It differs from "proof of work" systems such as Bitcoin in which miners secure the network by devoting computing power to a math problem (and earning rewards for solving it).

Proof of stake cryptocurrencies could be considered a form of crypto-based passive investing, but I won't be covering that here.

Some companies require KYC (know your customer) steps when you set up your account. That means providing your Social Security number and some sort of photo ID such as a driver's license. You then have to await approval, which usually takes about 24 hours.

Now here are my thoughts on five interest-paying services:

1. Coinbase

Interest-Bearing Cryptos Offered: 2

Requires KYC: Yes

Ease of Use: 10/10

Competitive Rates: 2/10

Coinbase is best known as one of the easiest places to buy and sell crypto for U.S. dollars. In fact, I've recommended it to those just getting started with crypto. While it's great for buying crypto, though, Coinbase is limited in the rewards you can earn. It offers interest on only two cryptos: Tezos (4.9%) and the stablecoin USD Coin (0.15%). You may have noticed those returns are on the low side compared to the numbers listed above. It gets worse. Coinbase takes a 25% commission on these rewards. So your gain is even less than the posted rates.

Rewards are compounded and distributed monthly. Coinbase doesn't make loans, so the Tezos rewards are based on that network's proof of stake; the first payout takes 35 to 40 days but is paid out about once a week after that. However, you can watch your interest accrue in real time. The numbers continuously update, which is fun to watch. I did buy some Tezos, but also used Coinbase to purchase the USD Coin I moved to the other services I tested. That may be the best role for Coinbase when it comes to passive investing.

2. Celsius Network

Interest-Bearing Cryptos Offered: 25

Requires KYC: Yes

Ease of Use: 7/10

Competitive Rates: 9/10

Celsius is based in the UK and is one of the largest crypto companies offering banking services. It currently has $634 million in assets under management. Celsius loans out the deposits it takes in. Customers can get better loan rates by holding crypto with Celsius as collateral. Interest rates change often depending on loan demand for each crypto. This also helps explain why the stablecoin rates tend to be higher. Interest, which is compounded, is calculated on Fridays and paid out on Mondays.

Celsius offers higher rates that it pays in its own Cel tokens, but that's not an option for U.S. customers. The Cel tokens aren't easy to trade, either, so U.S. customers are better off ignoring them. Celsius is also only available as a mobile app on your iPhone or Android smartphone. You can't use the website to deposit or withdraw crypto; it only has background information and a help center. The Celsius app is OK, but I'd really like the services offered on the website as well. The main drawing card here is that Celsius generally has the highest interest rates.

3. Nexo

Interest-Bearing Cryptos Offered: 5

Requires KYC: No

Ease of Use: 7/10

Competitive Rates: 7/10

Nexo is based in Switzerland. At 10 years old - ancient in the crypto world - the company historically has drawn most of its business from European customers. Still, it's easily accessible from the United States. And if you're only depositing crypto to earn passive income, there's no KYC, either. (You do need KYC to get a loan, though.) In fact, Nexo is designed mainly as crypto-loan company, with deposits intended to collateralize the loans. Still, Nexo offers a competitive 8% interest rate on the five stablecoins it offers as well as two fiat currencies: the euro and the British pound. The interest is compounded and credited to customer accounts daily.

Nexo's strongest selling point is the high caliber of its partners. It is audited by Deloitte, and its deposits are insured by Lloyd's of London. Its custodian is BitGo, a well-respected crypto financial services company founded in 2011 and based in Silicon Valley. Like Celsius, Nexo has its own token that offers some impressive benefits (such as periodic dividends), but is probably best avoided for investors simply seeking safe passive income.

4. BlockFi

Interest-Bearing Cryptos Offered: 6

Requires KYC: Yes

Ease of Use: 9/10

Competitive Rates: 8/10

Based in New Jersey, BlockFi uses the well-regarded Gemini as its custodian, so it earns high marks for security. Gemini is the crypto exchange and custodial company founded by the Winklevoss twins. Like Celsius, BlockFi takes deposits in order to fund loans. So it, too, sets its interest rates based on demand for that crypto from those seeking loans. It also offers better rates to customers who can collateralize their loans with crypto in their BlockFi account.

The interest rates on deposits adjust monthly. Interest compounds monthly and is paid on the first business day of each month. Regulatory issues prevent BlockFi from offering interest payments to residents of New York state, however. One benefit to BlockFi is that it places no upper limit on what a customer must earn to receive a 1099 tax form at the end of the year. Overall, BlockFi offers a nice balance of security, ease-of-use, and competitive rates on money you want to park somewhere.

5. CoinLoan

Interest-Bearing Cryptos Offered: 12

Requires KYC: No

Ease of Use: 7/10

Competitive Rates: 7/10

CoinLoan is based in Estonia and so caters more to the European market, particularly in how customers can deposit fiat currency. U.S. customers are better off just transferring crypto to the CoinLoan wallet. Using this method also bypasses the KYC process, which is impossible to avoid on most sites. Note that there is a $100 minimum deposit. The deposit process is a bit cumbersome, requiring a deposit in a wallet before you can move funds to an "interest account." CoinLoan also offers perks associated with its own token, CLT, but for most folks, it's more trouble than it's worth.

CoinLoan, as the name suggests, also loans out its deposits and bases its interest rates on the loan demand for its cryptocurrencies. For security, the company not only keeps its crypto assets in "cold" wallets (wallets not accessible online), but processes all withdrawals manually. CoinLoan offers an app, but it is not required; you can do everything you need to right on the website. While BlockFi is the better site overall, the ability to avoid KYC makes it worth considering for those reluctant to transmit personal data over the Internet.

Learn How You Could Become the Next Crypto Millionaire

Bitcoin's critical "expansion phase" is expected to create billions in new wealth - and our Bitcoin Master Class could be your ticket to cashing in.

Get access to profit tips and strategies from one of Bitcoin's earliest backers: how to buy and sell, avoiding fees and commissions... and, best of all, how to trade cryptocurrencies every day for the potential to make huge gains.

Check out our Bitcoin Master Class here...

Follow me on Twitter @DavidGZeiler and Money Morning on Twitter and Facebook.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.]]> Tue, 16 Jun 2020 15:28:50 +0000 https://moneymorning.com/2020/06/16/how-to-make-passive-income-with-cryptocurrency/ You Stand at the Forefront of the Single Biggest Market to Emerge in Decades https://moneymorning.com/2020/06/13/you-stand-at-the-forefront-of-the-single-biggest-market-to-emerge-in-decades/ Take a hard look at the cannabis market.

Look closely, and you'll see the single biggest market to hit the global economy in decades.

It's bigger than the global PC market. It's bigger than gaming. In fact, consumers spend more money on cannabis each year than what hits the top lines of social media companies like Facebook Inc. (NASDAQ: FB) and online marketplaces like Amazon.com Inc. (NASDAQ: AMZN) combined.

It's almost as big as one of the most predominant, innovative, and disruptive sectors of the 20th century.

Now, I expect everyone reading this would happily hop in a time machine and buy shares in Microsoft Corp. (NASDAQ: MSFT), Apple Inc. (NASDAQ: AAPL), and Amazon for a second chance to get in early on those unexpected but remarkably high-growth industries.

Imagine the wealth you could have built.

But with cannabis now on the scene, you don't need a time machine.

You just need to appreciate the massive size of the cannabis market today and how much bigger it will get as legalization inevitably spreads.

Because once it does, cannabis will overtake some of the most significant industries to emerge in the 21st century...

A Well-Known Industry

Part of the beauty of cannabis is the fact that we know the current size of the market.

In 2018, global demand for cannabis reached $344 billion.

That number includes both legal and illegal sales. And that $344 billion base gives us a sense of how much of that existing demand cannabis companies will soon be able to turn into legal revenue.

Over the last few years, cannabis demand has grown steadily at about 15% per year. This means that in 2019, global cannabis demand likely hit close to $400 billion.

Let's compare that $400 billion base to the total global demand for the products and services sold by some of the biggest tech companies in the world - companies that have minted millionaires and billionaires for decades.

And I'll wager that when you think of major tech innovations over the last 40 years, your list includes many of the sectors included in the chart below.

These industries pull in hundreds of billions of dollars in revenue each year.

PCs are a $200 billion industry. Semiconductor sales reached $412 billion last year. Social media, online marketplaces, and video games racked up a total of $410 billion between them.

We're talking significant sectors of the economy made up of behemoths like Microsoft, Apple, Amazon, and Facebook.

And the demand for cannabis outstrips the entire market for the total goods and services sold by a few of these industries combined!

When these industries hit the scene, no one knew how big they could get. They were unexpected, and very few people knew whether the demand would be there for these products in the future.

With cannabis, we have a big head start. We know how much spending happens now.

Of the $400 billion global market for cannabis, the legal market makes up a mere $12 billion. That means legal cannabis revenue must make a 33-fold leap just to meet last year's estimated $400 billion demand.

And as legalization spreads, the cannabis market will even surge past the one industry that literally sits in the hip pockets of almost every person on the planet.

As Ubiquitous as Smartphones

Spending on smartphones reached $522 billion in 2018. The industry grew 5% from the prior year. Assuming that same level of growth, last year's total probably jumped to around $550 billion.

But with cannabis legalization quickly sweeping the globe and the new product opportunities this expansion creates, the global cannabis market has the potential to more than double over the next few years.

I'm talking about entirely new markets like CBD in all its forms, cannabis-infused drinks and edibles, and expanded consumption as the stigma around cannabis disappears. There's also the rapidly growing demand for medical cannabis. Because, after all, cannabis as a powerful and effective medicine is what triggered legalization in the first place.

And let's not forget the massive opportunity to develop pharmaceutical products from the over 100 cannabinoids manufactured by the remarkable cannabis plant.

All these new markets could turn cannabis into an over $1 trillion market. This will put cannabis on par with an even bigger industry - one that smartphones are just a part of.

Smartphones are a technical consumer good, or "TCG." In addition to smartphones, the TCG industry includes wearables like the Apple Watch, small domestic appliances like Google Home and Amazon Alexa, consumer electronics, photography, and even information technology and office equipment designed for personal use.

When you add up sales of all these products around the world, you're talking about a $1.2 trillion market.

As cannabis legalization takes the handcuffs off researchers, innovators, and entrepreneurs around the world, the demand for cannabis and the ecosystem of services and products supporting this industry will outstrip them all.

And it won't take decades to get there.

Remember - life-changing wealth opportunities don't last forever.

Right now, you are in an incredible position to get in on the ground floor of the biggest market to emerge in decades.

So don't forget to check out my latest presentation for another potential golden opportunity in the cannabis sector...

You see, if you think you've missed your chance to cash in on cannabis, you've been misinformed. In fact, now is the perfect time to strike.

This is your chance to load up on near IPO-level stocks with 10x growth potential. We're talking about the stocks trading at a massive discount right now - some for as little as $1 per share - that have the potential to hit 100%, 200%, maybe even a rare and exceptional 1,000% faster than you ever thought possible.

Just click here to preview three premium cannabis plays...

Follow Money Morning onFacebook and Twitter.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.]]> Sat, 13 Jun 2020 09:00:14 +0000 https://moneymorning.com/2020/06/13/you-stand-at-the-forefront-of-the-single-biggest-market-to-emerge-in-decades/ The Best CBD Penny Stock to Buy on New FDA Study https://moneymorning.com/2020/06/11/the-best-cbd-penny-stock-to-buy-on-new-fda-study/ Great news for the CBD industry this week is even better news for penny stock investors. The FDA is making progress on CBD research.

And we know one of the best CBD penny stocks to buy as it happens.


Because they trade for under $5, penny stocks can make huge leaps on small changes. It could be a new drug getting approved by the FDA. Or it could simply be a broader market bounce.

Today, it's both. Our top CBD penny stock is going to thrive on FDA approval. But it's also going to profit from a spike in the CBD industry over the next few years.

The CBD market is still projected to hit $2 billion by the end of 2020... and $20 billion by 2024. And the U.S. Food and Drug Administration is going to help that.

Meanwhile, we'll show you the best CBD stock to watch today. But first, here's how the FDA will eventually drive CBD penny stocks through the roof.

What's Moving CBD Penny Stocks Today?

The FDA has been working to approve CBD products for more widespread use. But it's taken its sweet time.

In fact, the FDA hit two CBD companies with class action lawsuits in December 2019. Charlotte's Web Holdings Inc. (OTCMKTS: CWBHF) and CV Sciences Inc. (OTCMKTS: CVSI) were both accused of marketing their product as a "dietary supplement" without FDA approval.

This may have stirred controversy about the CBD industry as a whole. But the progress we've seen since then tells another story about CBD stocks.

Just Released: Our new Premium Stock Pick not only held its ground against the COVID-19 market sell-off; it actually gained in value. And it's going to keep climbing on a major new catalyst. Get the pick for free here...

A company called ValidCare is conducting a study to answer specific CBD questions from the FDA.

Though Charlotte's Web Holdings came under fire by the FDA last year, it is now one of seven companies funding research. The others are private companies CBD American Shaman, Boulder Botanicals, CBDistillery, HempFusion, Kannaway, and Columbia Care.

Each company has sponsored the study with over $100,000. And more CBD firms may join between now and kickoff.

The latest development from the study is that they are set to begin examining liver safety next month. It's going to take data from 1,000 participants on daily use.

The support from companies like Charlotte's Web is huge for the study. Efforts like these can cost millions of dollars. But having big CBD names throw their hats in the ring ensures the FDA can get more precise, actionable data.

It's great branding for Charlottes Web. Even more so, it accelerates CBD products toward FDA approval. The FDA stamp will be a critical step in normalizing and popularizing CBD.

So progress in this study means the CBD industry is getting closer to the value we're all anticipating - $20 billion in sales.

Now, here is the CBD penny stock to buy before we get there. The best news is, this company is already FDA-registered...

The Best CBD Penny Stock Now

Cannabis Sativa Inc. (OTCMKTS: CBDS) is a California company that operates in both Telehealth and Hemp & CBD Consumer Goods sectors.

With these diverse products, it is well-aligned to meet a future where cannabis and CBD products are less taboo.

Its subsidiary, PrestoDoctor, is the first marijuana company to be accepted into the American Telemedicine Association. The company offers online physician cannabis recommendation services.

That's a key part of a digital future as well. Many businesses have been forced to work from home due to the pandemic. And there will likely be a huge shift to telehealth as well over the next few years.

Cannabis Sativa also manufactures hemp CBD products, of course. It offers "over 400 lap-tested CBD products." Its facilities in Anaheim are registered and compliant with FDA regulations.

In its May financial report, the company announced doubling its revenue in 2019. In 2018, it brought in over $505,000. In 2019, the number was $1.1 million.

It also reported success during the COVID-19 pandemic, from an increased interest in telehealth.

The company doubled its cash, from $151,000 to $336,000 in 2019. That raised its free cash flow from -$690,000 up to $92,000 for the year. That's either going to help it invest in growth down the line or protect it against any potential COVID-19 setbacks.

You can buy shares of CBDS for just $0.60 today. Don't be surprised if it doubles or triples as the public takes further notice and CBD products go mainstream.

Action to Take: Keep your eye out for progress on the FDA's CBD study. FDA approval of cannabis and CBD products only encourages further interest from the public. Cannabis Sativa Inc. (OTCMKTS: CBDS) is the cannabis penny stock to watch as that happens.

You Could See Gains of up to 1,000% with the Three Hottest Trends in Cannabis

Four of the brightest minds in cannabis recently gathered at the 2020 American Cannabis Summit - and they revealed what could be the three hottest trends in cannabis this year.

We're talking about plays with the potential for gains of 288%... 790%... even up to 1,000%.

But you're going to want to jump on these trends before federal legalization - because once the institutional money starts pouring in, the prices could shoot through the roof.

You can view the entire Summit right here.

Follow Money Morning onFacebook and Twitter.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.]]> Thu, 11 Jun 2020 19:22:14 +0000 https://moneymorning.com/2020/06/11/the-best-cbd-penny-stock-to-buy-on-new-fda-study/ 3 Ethereum Price Predictions for 2021 – One Forecasts Gains over 40,000% https://moneymorning.com/2020/06/11/3-ethereum-price-predictions-for-2021-one-forecasts-gains-over-40000/

It's been a rough year for Ethereum enthusiasts, with the price of ETH dropping 54% from $245 on June 11, 2019, to $112 on March 12, 2020.

But since then, the world's second largest cryptocurrency by market cap has climbed back to the levels it last saw 12 months ago.

After a 119% gain from March 12 to today, Ethereum is now back to the same $245 level we saw in June 2019.

And we could very well see ETH's market cap continue rising into 2021...

That's why we had to make sure you saw the latest Ethereum price predictions for 2021.

The lowest price target on PrimeXBT.com for Ethereum in 2021 is $1,500.

From today's (June 11) price of $245, that's a potential gain of at least 512%.

However, there's one ETH price prediction for 2021 that is so bold, you won't believe it until you see it.

We're going to share that prediction in just a minute.

But first, we're going to answer some of the most common questions we've received about Ethereum heading into this year and next...

Why Did Ethereum Prices Drop and Then Rebound over the Last 12 Months?

As we mentioned earlier, Ethereum has been trapped in a bear market over the last year.

One reason is because Bitcoin ETFs have been rejected by the U.S. Securities and Exchange Commission (SEC) for the last couple years.

Cryptocurrency investors were hoping an ETF would lure new money into the market.

Money Morning Cryptocurrency Expert David Zeiler said, "A Bitcoin ETF would help bridge the gap by allowing large investors to gain exposure to Bitcoin without the hassle of owning it outright. At the same time, it will open the door to a class of investors whose presence will help fortify and stabilize the Bitcoin market."

But since the SEC isn't ready for a Bitcoin ETF yet, cryptocurrency investors still have to wait for that new money to hit the market.

High-profile cryptocurrency exchange hacks in the past have also undoubtedly made investors fearful of using exchanges and storing their crypto assets.

Finally, the massive run-up of cryptocurrency prices from summer 2016 to early 2018 was so astounding that the market needed a cooldown.

Bitcoin traded for $434 on Jan. 1, 2016, and climbed 4,301% to $19,114 by Dec. 18, 2017. Ethereum prices climbed even higher, percentage-wise, when it went from $0.95 on Jan. 1, 2016, to $1,367 by Jan. 14, 2018.

That's a mind-blowing gain of 143,795%.

Early crypto adopters cashed out their profits and became multimillionaires.

But now that prices have come back to earth, we're getting a lot of questions about whether Ethereum is a good investment to make now...

Should I Buy Ethereum in 2020?

There are two reasons to buy Ethereum right now.

First, if you believe cryptocurrencies are the future of money, you can buy some and spread the adoption.

By owning and using Ethereum, you can help make its widespread adoption a reality.

Here's a list of vendors that accept ETH as payment, to get you started.

The second reason to invest in Ethereum is to make a profit in fiat terms.

Currently, most investments in cryptocurrencies should be considered speculative. Never invest what you can't afford to lose. But betting on the biggest cryptocurrencies like Bitcoin and Ethereum (with a combined market cap of $200 billion) is certainly less risky than speculating on smaller coins with only a couple million in market cap.

If you just want to be an investor and speculate on the price of Ethereum, you can open a Coinbase account.

We also have a list of seven other cryptocurrency exchanges that you can review for free here.

So, if you want to know if now is the right time to buy Ethereum, let's look where some of the most respected names in the space see prices heading in the next year...

Here's Where Ethereum Prices Are Headed in 2021

As we mentioned earlier, all three crypto experts see the price of Ethereum going up in the near future.

Alexis Ohanian, co-founder of Reddit a leading tech entrepreneur believes ETH will jump 512% and reach $1,500 by 2021.

In a recent interview with Forbes, Ohanian explained that while he is bullish on Bitcoin and all crypto, he is most bullish about Ethereum simply because people are actually building on it.

Steven Nerayoff, CEO and founder of Alchemist - a cryptocurrency industry leader specializing in token sales, blockchain project development, and investment - sees Ethereum's price reaching $3,000.

Three thousand dollars from today's price of $245 represents a potential gain of 1,125%. Nerayoff, who's been dubbed the "architect of the ICO" said he's bullish because there's an exponential increase in the number of projects and billions of dollars being poured into the ETH ecosystem right now - maybe 10 times more than last year.

But this next Ethereum price prediction is massive...

One-hundred thousand dollars per Ethereum - or 40,716% from its current price.

That prediction comes from Brian Schuster, founder of Ark Capital LLC - a privately held venture capital firm specializing in growth capital, spin-offs, and acquisitions.

Schuster believes that Ethereum is less like one individual business and more like a universal store of value, like gold, that could replace all other currency that exists today.

That gives it a potential market cap of roughly $10 trillion, in his eyes.

The Next Phase of the Bitcoin Phenomenon

Ten years ago, you could've bought 100 bitcoins for just $0.30. Just six years later, you could've been sitting on well over a million dollars.

That's exactly what turned these young, broke students - even a 13-year-old kid - into millionaires.

And thanks to a rare set of circumstances, you have a chance to do the same. Learn more...

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