Teeka Tiwari recently released an “NFT Masterclass” video on the Palm Beach Research Group website dubbed “The #1 Way to Play the NFT Craze in 2022.”
In it, he talked about NFTs (Non-Fungible Tokens) and a “new internet,” which he believes could turn into a $139.3 trillion trend. He also talked about his “#1 stock for the NFT boom,” three NFT projects he’s interested in, and a cryptocurrency he’s bullish on.
Is the presentation legit?
Teeka Tiwari’s presentation isn’t a scam, but that doesn’t mean his NFT prediction is right or that his picks will help you make money. Perhaps they will, but there’s no guarantee. And the whole thing is a sales pitch for The Palm Beach Letter, a $49 advisory service.
So with that being said, let’s look at Teeka’s prediction in more detail to find out what he’s recommending. Then, I’ll give you the heads up on the service he’s pitching.
Overview of the Teeka’s 2022 NFT Prediction
The Palm Beach Research Group presentation I’ll be discussing in this post features host John Burke and investment guru Teeka Tiwari, and it’s all about NFTs.
A Non-Fungible Token (NFT) is essentially a blockchain-based digital token that, unlike “regular” cryptocurrencies like bitcoin or Ethereum, doesn’t have a set value.
In other words, the price of every NFT is different.
The best way to think about it is by comparing an NFT to a currency. For example, with the USD, each dollar you have is just as good as the next, making it fungible. It doesn’t matter which dollar you have; they’re all the same.
In contrast, owning an NFT is like owning a piece of art in that each piece of art typically has some value, but it can vary greatly from one piece to another.
And as Teeka explains in the presentation, “the price of some of these Non-Fungible Tokens are ridiculous.” I tend to agree. Some have sold NFT artwork (AKA jpeg files) for millions of dollars, which has left many scratching their head as to why (myself included).
However, according to Teeka Tiwari, “all these images that are selling for millions are all a huge distraction” from the “real story” he sees taking shape.
“Forget about the Bored Apes… the Crypto Punks… the squiggles – and the dozens of other hyped-up art you’ve seen on the news.”
“The real story is this…”
“NFT technology will help launch the next generation of the internet.”
So, based on that, Teeka believes “NFT technology” will help launch a new type of internet. I’m surprised he didn’t mention the term Web 3.0 in the presentation because this is a popular buzzword, and it’s more or less what he talks about.
However, Teeka instead talked about how a tech-focused venture capital firm called M13 estimates that this “new internet will be a $139.3 trillion trend.” And he talks about how numerous large corporations and billionaires are getting involved.
I don’t know where Teeka got the $139.3 trillion figure from, but I did some research and found an in-depth article from M13 about Web 3.0. It’s an interesting read and goes into the specifics of much of what Teeka’s prediction is centered around.
In short, the article talks about how Web 3.0 (AKA the “new internet” Teeka refers to) could disrupt social media, content creation, and gaming. And the reason centers around how web 3 could establish new “ownership models” that give creators more control.
And this is more or less what Teeka Tiwari’s NFT prediction centers around; how he believes “NFT technology” can establish digital property rights.
“Yes, two simple words that are behind all the biggest wealth creation events in history.”
“The two simple words are Property Rights.”
“…NFTs are simply digital property rights.”
Teeka talks about how NFTs can help track ownership of digital assets in a world where everything is digitized because any digital asset can be packaged as an NFT.
“And in a world where everything is digitized, we’ll need a way to track ownership of digital assets.”
“And that’s where NFTs come in.”
“These tokens are a certificate of ownership registered on the blockchain for everyone to see.”
“Any digital asset can be packaged as an NFT, not just digital arts and collectibles.”
As an example, Teeka talked about how NFTs could represent ownership in physical assets like real estate and how you could essentially “tokenize” a property and sell those tokens to NFT investors. And he sums it up by suggesting that virtually anything could be tokenized.
“This next generation of the internet will be so powerful that even real assets will go digital.”
“I’m talking about the “tokenization” of real-world assets.”
This is similar to what Jeff Brown, another well-known investment guru, has said throughout some of his presentations in recent months; how everything could soon become a tokenized (AKA securitized) investable asset.
Overall I think it’s an interesting prediction, but there’s a lot of nuance to this topic and many potential risks involved in this space.
For example, while most NFTs are traded on Ethereum’s blockchain, there are alternative blockchains NFTs trade on, too. And if a particular blockchain project went down, so would all of the individual NFTs on it.
Not to mention, the only “ownership” rights you have are limited to the NFT on a given blockchain. So, owning an NFT doesn’t mean you own the physical asset of whatever the NFT represents. It just means you own an NFT, which may or may not be worth anything.
Still, the “new internet” Teeka described during the presentation is an interesting topic, so I am curious to see what the future holds for “web 3” and NFTs in general.
And according to Teeka Tiwari, there are two steps he recommends taking if you want to profit from the “NFT boom.” So let’s look at what he’s recommending.
What Is Teeka Tiwari’s #1 Stock for the NFT Boom?
During the presentation, Teeka says there are two steps he recommends, and he suggests taking action on them right away, given a “major catalyst” that could be moments away.
“There are 2 steps I recommend.”
And I recommend you take these steps immediately. Do not wait.”
“Like I mentioned before, we’re just moments away from a major catalyst that’s guaranteed to happen.”
What two steps does he recommend taking? According to Teeka Tiwari, the first step involves buying a stock he recommends that could benefit from the “NFT boom.”
“Step #1 is to buy my #1 stock for the NFT boom.”
Teeka doesn’t share the name of this company, but he does share some clues about it.
For instance, he likens it to a “picks and shovels” play where, as in the days of the gold rush, the most successful companies were those who sold picks, shovels, and boots to gold miners – not the miners themselves.
And he likens his NFT recommendation to a “picks and shovels” play in that the stock could benefit regardless of which individual NFT projects win.
He also claims that some “very famous billionaires are loading up on shares of this company” and mentions Ray Dalio, Ken Griffin, and Jim Simons.
However, all of that’s pretty vague. The only tangible clue he shared was that Ken Griffin invested $314 million into the company through his hedge fund.
“People like billionaire Ken Griffin, who invested $314 million in this stock through his hedge fund.”
However, despite searching high and low, I couldn’t find any mention of Ken Griffin, nor his hedge fund Citadel, investing that amount in a tech company. So, I wasn’t able to uncover the stock he’s recommending this time around.
What’s Teeka’s second recommended step?
According to Teeka Tiwari, the second step is to invest directly in his top three NFT projects. And unfortunately, he doesn’t provide any clues about these, either.
Instead, he lists his picks in two separate research reports. The first report is titled “The #1 Stock for the NFT boom” and covers his NFT stock pick. And he shares his top three NFT projects in a report called “3 NFT Projects for the $139 Trillion Revolution.”
So, steps one and two each involve reading a research report. And the only way to access those is to subscribe to the Palm Beach Letter for $49.
However, Teeka does give one pick away for free – Ethereum. And according to the presentation, he’s recommending it because most NFT applications run on Ethereum.
He also talked about a “catalyst,” which he also refers to as an “unprecedented event that’s guaranteed to happen,” which he claims “could happen by February 28th.” And he believes “historians will look back and mark this as the beginning of this new internet.”
What catalyst is he talking about? And why this date in particular?
Teeka Tiwari doesn’t specify what this catalyst (AKA event) is. However, based on what he says in the presentation, it seems he’s referring to the release of Ethereum 2.0.
I say this because Teeka shared a quote about the event in the presentation, which I later learned was taken from a Medium article on Ethereum 2.0. He also says that Eth 2.0 is why he’s urging everyone to act now. So this is most likely the “catalyst” he’s referring to.
“They’re even calling it Ethereum 2.0.”
“And according to their lead developer Tim Beiko, they could flip the switch by the end of this month.”
“That’s why I’m urging everyone to act now.”
What’s Ethereum 2.0? It’s essentially a set of “upgrades” meant to make the network more secure, scalable, and sustainable, which has been in the works since 2014. It’s also part of its transition away from Proof of Work (PoW) to Proof of Stake (PoS).
I wrote about some of the main differences between PoW and PoS in a post about another presentation Teeka released called the American Crypto Summit. So if you want my take on the main differences and why I think PoW is superior, check that out.
However, regardless of whether or not you’re an Ethereum fan, there’s no telling what impact this will have on Teeka’s recommendations. Nor is there any guarantee Eth 2.0 will be released in 2022, let alone February 28th.
So it might pay to take that part of the presentation with a pinch of salt.
Nevertheless, to sum up Teeka’s picks… one is a stock he doesn’t reveal, he’s also teasing some “NFT Projects,” which are most likely a mix of altcoins, and he recommends Ethereum because most NFTs are traded on the Ethereum blockchain.
Recommended: Go here to see my #1 rated stock advisory of 2022
Who Is Teeka Tiwari?
Teeka Tiwari is a former hedge fund manager and editor of Palm Beach Research Group’s flagship advisory service, The Palm Beach Letter.
Teeka is one of the more well-known gurus in the financial publishing space, and most of his recommendations center around emerging tech trends.
For instance, he’s known for having recommended bitcoin in 2016. And according to the Palm Beach Research Group website, he also recommended Square, Nvidia, and Tesla in 2019 and many other stocks over the years.
That doesn’t mean all his picks have worked out well or will work out well in the future, but he has built a track record of being early on innovative tech companies. Not to mention, aside from Ethereum, he’s recommended numerous altcoins.
And Teeka shares his picks with subscribers of his various advisory services. The Palm Beach Letter is one, but he runs half a dozen others focused on different investments. And he runs presentations like these to promote them.
For instance, I recently wrote about Teeka Tiwari’s metaverse stock picks, which he discussed in a presentation used to promote a different service, Palm Beach Venture.
And the presentation we’ve been discussing in this post leads to the Palm Beach Letter, so let’s take a look at what this service is about and how it works.
What Is The Palm Beach Letter?
The Palm Beach Letter is a stock advisory service edited by Teeka Tiwari focused on what he believes are the biggest trends in the market.
The way it works is, each month, Teeka shares his top investment idea and his research into why. Sometimes it’s a stock, sometimes it’s an income-focused investment, and other times he recommends alternative assets like crypto.
The purpose of the newsletter is to help self-directed investors profit from Teeka’s ideas. He shares his recommendation on what to buy, what price to pay, and how well he expects the investment to do. From there, it’s up to you whether or not you want to follow his idea.
What do you get if you join?
The core feature of The Palm Beach Letter service is the monthly newsletter issues which detail Teeka Tiwari’s latest investment idea. However, you also get access to the model portfolio that shows you all his active recommendations and some bonus reports.
The first report is called “The No. 1 stock for the NFT Boom,” and the second, “The Top Three NFT Projects for this $139 Trillion Revolution.” These are the reports I mentioned earlier that coincide with Teeka’s NFT picks.
However, there’s also a third bonus report that comes with a PBL subscription titled “The Bitcoin Boost: How to Supercharge Your Crypto Gains With the 1170 Account.” This report is related to an older Teeka Tiwari presentation I’ve written about, so if you want the details on the so-called “1170 account,” check out this post.
How much does it cost?
The Palm Beach Letter retails at $199 per year, but as is often the case, if you join through the presentation, this is reduced to $49. And according to the Palm Beach Research Group website, it comes with a 60-day money-back guarantee.
Bottom Line: Is Teeka’s NFT Prediction Legit?
I’m still not sold on the idea of investing in jpegs (lol), nor am I keen on investing in altcoins like Ethereum. However, NFTs are an interesting trend, and there’s a lot of innovation taking place in the “new internet” Teeka talked about in the presentation.
Whether or not any of this will translate into a good opportunity for investors or not is another story. Maybe it will. Maybe it won’t. I have no idea.
Teeka seems to think it will, and he has helped his subscribers profit from emerging trends in the past, but that doesn’t mean his picks will help you make lots of money.
Either way, I don’t believe the presentation is a scam; it’s essentially just Teeka sharing his NFT prediction for 2022. It’s also designed to sell The Palm Beach Letter service, so there is a marketing angle. And, in my opinion, a bit of hype. However, the service itself is legitimate and, as mentioned, comes with a 60-day refund policy.
So, I don’t think it’s a scam. But it’s important to keep in mind that there’s no guarantee Teeka’s investment ideas will make you money. Regardless of what he’s teasing, there’s always a chance you could lose money speculating in the market.
Anyway, that’s my take. What do you think? Will NFT technology bring about a “new internet,” or is it all just hype? And what “NFT stock” do you think Teeka’s teasing?
Let us know in the comments section below.