President Biden Gave You Permission to Become Rich — Only a Few Will Take It
This could be the time for you to create generational wealth.
The President had me fooled and threw a curveball that I wasn’t even expecting. I swung and missed completely. Over the past year, President Biden hasn’t performed that great as the commander-in-chief.
This time though, he may have hit jackpot for you and me.
You see, if you are investing in cryptocurrencies, he gave you a free pass to become rich. Filthy rich, that is.
Yes, he wants more government regulation, but did you expect anything different?
You can’t be naïve and expect the United States of America to let everyone get rich without paying their share to Uncle Sam. They want their cut but they also want to keep people safe.
Cryptocurrencies are not regulated. It is literally like the Wild West with no rules except to pay your taxes.
But now that is about to change. Biden wants government agencies and world governments to recognize cryptocurrencies. This is a powerful move.
The United States carries a big stick and they can back it up on most occasions.
After government agencies tap-danced around central bank digital currencies for the past year or two, Biden finally said make it happen. He was probably tired of the confusion that previous presidents left him.
No one wanted to make the tough decision but it also could be timing.
After Bitcoin was created in 2009, it took time for people to understand it. Anything new usually takes time for people to understand it, accept it, and then believe in it.
So it took time for corporations to understand cryptocurrencies.
And then it took time for banks and financial institutions to fully understand crypto.
Now, this is the final stage where the United States comes in to lay down the law. Other countries, such as China, and Japan, claimed their stance on crypto but the one who everyone listens to is America.
The United States has a lot of pull when it comes to negotiating and getting people on their side. It doesn’t always happen picture-perfect but when American makes a decision, people will make note of that.
Even Ripple CEO Brad Garlinghouse was surprised by President Biden’s Executive Order on cryptocurrencies. From the head of a major cryptocurrency, this meant something to him and most likely to other crypto leaders.
5 Steps you need to take to be filthy rich
There is no magic formula here. You need to remember, that this is not the lottery. You won’t invest in cryptos and wake a millionaire tomorrow.
For you to get even close, you need to be disciplined and follow a process to see your wealth increase. You have to trust the process.
While investing, along the way, the market will go down from time to time. It’s a part of the process as these cryptocurrencies are still in the early stages. The market has only been around for short 12 years which is a small fraction compared to how long other currencies have existed.
If followed, these steps will help you see seven figures before you know it.
1. Pay yourself first
2. Buy quality cryptocurrencies since some cryptos will not be here next year
3. Don’t expect Dogecoin and Shuba Inu to make you rich
4. Protect your cryptocurrency keys and don’t make your passwords too simple.
5. When you buy and sell your cryptos, don’t forget to pay your taxes
After following these steps, there’s more. You can’t go from A to B without adding a few more letters to meet your goal.
What you really need to do — Invest in BTC, ETH, and then diversify to add some lower cap cryptocurrencies that have a possibility to grow including Solana, Cardano, and others.
Don’t forget about the Metaverse. You know, the Sandbox, Decentraland, Axie Infinity, and others. This could be an explosive group and the next wave of cryptocurrencies to create millionaires.
The market is still new but growing. There will be setbacks and some disappointments. Anything new will have issues and then there will be competition from other cryptos trying to outdo them.
This will be a wild race trying to prove its worth to dominate in this market.
Your newest collectible. The Non-Fungible Token or NFT space also has a lot of potential. But, you need to watch out so you don’t get burned. This NFT market can be hot one day and cold the next and the same goes for the prices.
Be patient and do your research on NFTs as well as cryptocurrencies you buy.
The market can quickly change as it has since Bitcoin was created. Any new type of technology goes through these periods of highs and lows.
To get through these periods, you need to be patient and avoid selling. The more time you are out of the market, this only increases the chance that you’ll miss out when the market rebounds and goes up.
A cryptocurrency can go up 50% to 100% in a few days to weeks. So if your money is on the sideline, it is easy for you to miss out on these gains.
The opportunity is here waiting for you. Biden made the big decision. Now it’s the agencies to figure out their place and provide the appropriate safeguards to prevent you from getting burned over bad cryptocurrency investments. There are bad companies out there trying to rug pull you and take all of your money so tread carefully in new investments.
Not everyone will profit from cryptocurrencies. But the ones who do will be very pleased. Your chance to make millions are right here waiting for you.
The process is never easy. No one ever said it was. The few who do will benefit immensely. Cryptocurrencies can be a life changer and create generational wealth.
Are you ready to change your future?
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Tom Handy is a top Crypto writer on Medium. He is open to partnerships and you can find him on Twitter @tomhandy1 and email [email protected].
This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.
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