Bitcoin
Bitcoin: Setting Up for a Strong 2024
We are adding Bitcoin because we believe it will be advantageous for our Essentials members to receive real-time trade alerts for one of our top convictions in the upcoming year. What we emphasize is that it’s not a stock tip that generates wealth, rather how you manage the position. One of our most valuable value-adds has been our Bitcoin trades, which you can read about here. By initiating Bitcoin for Essentials Members, we will be updating you in real-time on our Bitcoin trades via email alerts. The harsh truth is that many stocks look to be topping in their charts given the strong rally in tech this year, yet Bitcoin looks as if the chart has room – perhaps substantial room, which we will monitor and update you with real-time trade alerts as we hit key price levels. Certainly, the asset is facing one of the best moments for institutional adoption, which is the approval of spot Bitcoin ETFs and a clearance for central banks to own up to 2% of assets in crypto. Couple this ramp in demand with the Bitcoin halving that is set to take place in 2024, which will further restrict supply, and we think this is the perfect recipe for Bitcoin to lead in 2024.
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