Justin’s note: Cryptocurrencies have been on a tear.

Bitcoin is up 495% this year. Ethereum, another major cryptocurrency, is up 3,507% since the start of the year. Smaller cryptos have soared more than 10,000%.

When you see gains like that, it’s natural to think that you missed out. I even felt this way for the longest time…that is, until I talked to Doug Casey.

You see, a few weeks ago, I called Doug to see what he thinks about cryptos. He told me why Bitcoin is money. He told me why the crypto market’s about to get a lot bigger. He even told me why Bitcoin could soon hit $50,000… That’s eight times higher than where it trades today.

After that conversation, I became convinced that cryptos are the real deal. I even just bought some Bitcoin myself.

Of course, I realize that not everyone’s got a legendary speculator on speed dial. So over the next two days, I’m sharing a brand-new essay from Doug. In it, he explains why the crypto boom has a long way to go.