Dear Reader, It’s impossible to predict exactly how the crypto world will evolve in 2024. But the last 12 months look like a stealth bull market in the making. In 2022, Bitcoin [BTC] fell by two thirds. In 2023, it rose 150%. Not that you’d get much notice of that from the mainstream financial media. Why is that, I wonder? Hmmm… If you were a member of my Crypto Capital Foundation newsletter, you’ll know exactly why. And you’d have a good inkling of what I think could transpire in the year ahead. (You can subscribe here, for a massive 70% discount. It’s part of our Fat Tail New Year’s Countdown campaign. But it must end 1 January. If you want that 70% discount, you need to click here and apply the code COUNTDOWN.) Crypto became the surprise hit of 2023 — a year where every other investment asset tanked. But I don’t think it’s a fluke. My prediction is that 2024 will become an even bigger year for crypto, potentially one of its biggest. 10 January is a key date. I call this bitcoin’s ‘Ascension Day’. That’s when some expect the US Securities and Exchange Commission to greenlight the first Wall Street-backed, Bitcoin exchange-traded fund (ETF). It means investors can now get exposure to bitcoin just as easily as buying stocks. No more dealing with dubious exchanges or worrying about storage and security headaches. Crypto will finally get ‘street cred’ in the financial world. This is a huge deal. With crypto’s potential legitimacy, millions could flock to it and potentially jack up prices of bitcoin and other digital assets. As our friend Teeka Tiwari over at Palm Beach Research Group puts it, this Bitcoin ETF ‘could unleash a $100 trillion opportunity. That’s almost 150X bigger than Bitcoin’s entire market cap!’. This is an emerging trend you want to get ahead of now…while the majority of flighty crypto investors are still spooked by the end of the last bull market. My service Crypto Capital Foundation can help you here. Bias aside, I believe there’s no better advisory in Australia that can help you navigate what comes next with crypto. Because don’t get me wrong… The next few months will still be a wild ride for crypto. There will be plenty of losses and volatility. Bitcoin haters will remain out in force and as loud as ever. I’ve been in the game long enough to know that this stage is where there’s peak scepticism. But it’s also the exact point…as winter transitions to another summer…that has historically been the time to be active and accumulating. In the coming year we could see rising crypto prices, a ‘halvening’, the emergence of central bank cryptos, and the potential for 2024 being the year exchange-traded crypto funds finally launch…. …but if it gets rubber stamped, you could see certain cryptos finally achieve escape velocity. It’s a big year. If you want the opportunity to trade it alongside me, right now, you can join Crypto Capital Foundation at a huge 70% discount. That means you only need to pay $59 for your first year subscription, instead of the usual $199. But this deal will be up only until midnight AEDT, 1 January 2024. So you need to decide now while it’s still early. Click here to join at 70% off. Cheers, Ryan Dinse, Editor, Crypto Capital Foundation |