Alternative financial analysis website Palm Beach Research Group just released a report talking about an upcoming $1 trillion “Crypto Mega Boom”.

In the report, the company claims that:

“record windfalls of Wall Street cash [are] expected to hit the crypto market on September 30, 2018.”

By signing up for the Crypto Mega Boom live event, you can learn more about the upcoming boom.

The event is led by Adam Sharp, whom Palm Beach Research describes as “America’s top crypto expert” and “the Crypto Oracle”.

Sharp claims to have accurately predicted the rise of bitcoin, Litecoin, NEO, and Ethereum. Now, he’s making another bold prediction: that we’re about to see $1 trillion pour into crypto markets over the coming weeks.

This influx of capital will create a “Crypto Mega Boom”.

“At this moment, a piece of legislation is making its way through Congress that could have a dramatic effect on the price of Bitcoin and dozens of other smaller cryptocurrencies,”

explains the official Palm Beach Research Group sales page in a mysterious way.

Palm Beach Research Group is referring to a piece of legislation called H.R. 835. If that legislation is officially passed, then bitcoin and other cryptocurrencies could surge:

“When H.R. 835 is officially passed, all bets are off on how high Bitcoin might go. Many experts are now setting a $1 million price target within the next few years.”

H.R. 835 has been making headlines across the crypto community since 2016. In July 2016, a US House Resolution (HR) was introduced to Congress. That resolution was titled H.R. 835. It was viewed as a “pro bitcoin” regulatory policy by the crypto community.

H.R. 835 was proposed by Adam Kinzinger and Tony Cardenas. The bill argues that “emerging payment options” like blockchain technology and cryptocurrencies could “fundamentally change” the financial ecosystem and other industries.

Oddly, we haven’t heard much about H.R. 835 since 2016. Obviously, the crypto landscape has changed significantly since that date, and new resolutions are generating new excitement in the crypto community – like the fact that the SEC could approve the world’s first bitcoin ETF in the next year.

In fact, when you look up the status of H.R. 835 on Congress.gov, you get a totally unrelated bill talking about natural resource rights in Colorado:

“This bill revises the title, number, and date of the map depicting the Florissant Fossil Beds National Monument in Colorado and increases from 6,000 to 6,300 the maximum number of acres that may be made available for inclusion in the monument.”

It’s not clear why Palm Beach Research Group is hyping H.R. 835 – an apparently defunct bill that made its way through the regulatory system in 2016.

However, there is still reason to get excited about a potential Crypto Mega Boom on September 30, 2018. September 30 is the date that the SEC can approve, deny, or delay the decision on the VanEck SolidX Bitcoin Trust ETF, which is one of the most promising ETFs making its way through the system.

The SEC delayed the decision on that ETF in August, which many crypto analysts took as a positive sign. On September 30, the SEC has the option to delay the decision on that ETF once more.

If the SEC chooses to deny the bitcoin ETF on September 30, then markets will likely fall short-term. If they delay the decision until February, then markets may take this as a positive sign, but the price will still likely fall short-term. And finally, if the SEC approves the VanEck SolidX Bitcoin Trust ETF, then we could see the start of the longest bull run in crypto history – like a Crypto Mega Boom.

Oddly enough, the word “ETF” isn’t mentioned once on the sales page for Palm Beach Research Group’s “Crypto Mega Boom”.

Crypto Mega Boom is a free webinar. You can gain access to the webinar by entering your email address on a sales page. When you enter your email address into that sales page, you can gain access to the webinar. You’ll also be automatically subscribed to Palm Beach Daily, a free investment newsletter.

If you follow through with the webinar, then the team will attempt to get you to sign up for a crypto newsletter offered by Early Investing, LLC.

The company offers two newsletters, including First Stage Investor and StartUp Investor. First Stage Investor focuses on digital currency recommendations, while StartUpInvestor focuses on startups in general.

The newsletters are priced at $49 per year.

The “Crypto Mega Boom” webpage makes a big deal out of Adam Sharp, describing him as “America’s top crypto expert” and “the crypto oracle”. The page claims that investors who follow Sharp’s advice can expect to earn gains of several hundred thousand percent.

Sharp is the founder of Early Investing and claims to be an active investor in more than 70 private startups. Prior to getting involved in crypto and startup investing, Sharp worked in internet marketing and financial writing.

Sharp co-founded Early Investing with Andrew Gordon.

Palm Beach Research Group doesn’t have a great reputation among financial analysis websites. The company has a history of making over-hyped claims about the next financial market movements, including where the prices of alternative assets like bitcoin are going to go.

In their latest prediction on the “Crypto Mega Boom”, the company claims that over $1 trillion is going to pour into the bitcoin and crypto markets on or around September 30, 2018.

The company tries to dazzle investors with stories about how people have been able to turn a $1,000 investment into several hundred thousand dollars by following the company’s advice.

In reality, Crypto Mega Boom appears to be just an over-hyped piece of online marketing designed to convince you to subscribe to Palm Beach Daily, a free investment newsletter. Meanwhile, a separate company called Early Investing, LLC, led by Adam Sharp, is hosting a webinar discussing the same “Crypto Mega Boom” in an effort tog et you to sign up to their newsletter.

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