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| NOVEMBER 11, 2024Who would have thought that the re-election of a 78-year-old real estate mogul from New York would be the catalyst Bitcoin and cryptocurrency finally needed to break to all-time highs and get off to the races? Well, that’s exactly what we’ve seen over the last week, as the “White House Wave” I’ve been talking about boosted the crypto market into the stratosphere. Bitcoin initially hit all-time highs on the morning of the 6th, as it became clear that Donald Trump would be the next president. Then, after a few days of consolidation, Bitcoin exploded over the weekend and is, as I write this, racing toward $85,000 for the first time ever! Our resident Bitcoin expert, Jeffry Turnmire, has been on top of Bitcoin trends for years, and delivered some pretty incredible results to his traders from this recent wave…Of course, I want to remind everyone that these are exceptional stories and I’m sure these gentlemen had big starting investments. But if those images tell us one thing for certain, it’s that sometimes, it pays to listen to our experts! So I thought it’d be appropriate to ask Jeffry what he thought was next for Bitcoin, and here’s the clear takeaway: The run high on Bitcoin is only JUST getting started! Here’s what he said more specifically: We’ve talked a lot about the halving run in the past, it’s the period after the reward for mining one bitcoin is cut in half, and, the three times this has happened in the past, it has set off a HUGE run higher in the price of the asset. We’re deep in the middle of that “after” period right now, but Bitcoin hasn’t gone on the explosive run many expected… Unless that’s what we saw kick off on election night. And, if it is, like Jeffry said, the sky is the limit. History indicates that 10x-20x from the 2022 low would be the target range. As Jeffry says, that puts his target on Bitcoin between $157k to $320k. Of course, there are no guarantees in trading. Bitcoin could go to zero tomorrow. I doubt it, but I want to be responsible and remind you of the risks. With that said, if you’ve never paid a lick of attention to the crypto market, it might be a good time to start. To your prosperity, Stephen Ground P.S.: I got to go LIVE with Geof Smith this afternoon to breakdown a unique trade he’s placing on an asset the government is buying up like hotcakes right now. Check out our briefing here! |
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