Your Homework tonight...
Research the answer to
"What is top analyst Cathie Wood's brand new 2030 target for the king of crypto currencies?"
Is it $150,000?
or $600,000?
or $1.5 Million?
EACH.
What would you do If I was able to send you back to 1994 with the difference that you already knew how big the internet and all things related were really going to be?
You’d know that Amazon, Google and Nvidia, Apple, PDD and a dozen other investments could turn your $500 into 5 Million or more in the next decade or two?
Would you pay any mind to the naysayers?
How are you positioned to profit? What's the benefit of avoiding some prudent exposure to this diversifier which represents the first new asset class in your lifetime? Have you thought about it?
If not, why not, and when will you fix that?
You know the age old rules of supply and demand? Right?
What happens when you get skyrocketing demand for anything that has strictly limited supply? Meditate on that.
There will only ever be 21 Million bitcoin.
2 Million coins have been lost or “burned” reducing real world supply around 19,000
15 Million are already in what we call “strong hands” that are not selling or trading. That’s over 75% of all supply worldwide, and they won’t be making any more, per the formula.
That leaves potentially HUNDREDS OF BILLIONS of investment dollars going after, say 5000 coins. Even at much higher prices, only 19,000 will ever be available for profit takers to sell. That’s called limited supply.
Now what about DEMAND? Any big spenders want these things?
Well, aproximately 8 Billion dollars was purchased by the new ETF funds approved today alone.
Play with the math…. you’ll see.
Consider, Bitcoin’s still at 46k tonight, and you can now buy with as little as $50 in your investing account.
Hypothetically, would your family prefer a Yacht or a G7 six years from now?
Of course, past performance is no promise of future performance, BUT, how many of you complaining about bitcoins volatility actually know how its performance has stacked up versus GOLD and versus the MARKET (S&P 500) since inception?
Meditate on THIS:
Perhaps you should consider some exposure, say 1-5% of your investable assets for starters?
I’ll do you one better..
Wouldn’t you prefer to do the whole thing in a tax-deferred IRA?
Buy the new etf tickers in your existing IRA, or, if you insist on owning the crypto directly (custodied safely by Coinbase) try this:
In case you missed this over the last 12 Mos, many of Changas crypto holdings are in a Roth and trad IRA's at AltoIRA.
It's flawless and close to no cost (open the crypto ira, not the enhanced one) Takes 10 mins, and then link securely to bank account and 3 days or so for funds to be ready to buy bitcoin, ether and 30 different coins if want. Custodied by Coinbase and covered additionally by ERISA law assurances.
That way your obscene gains can be tax free (Roth) or deferred (traditional IRA), and you can also do a 1035 roll (tax free transfer to any of your other iras once crypto run ends if you like, or even set up a free DRIP into Bitcoin or Ethereum for $25/mo and put it on autopilot.
Ok. Btw, here's a special altoIRA link w $50 bonus for you once funded. No obligations. (my advice? Select the “cryptoIRA” not the “altoIRA” option once you click the link below. That way it’s essentially FREE, seriously. And it all works quite flawlessly, the way Changa likes things to be.)
https://altoira.grsm.io/37ugsk9upsdx
You're Welcome!!
*Nothing here is financial advice.* All I ask is that you Resist the urge to unsubscribe from Changa until we’ve doubled our money together. I want you to do well. Really.
Do your own due dilligence, starting here:
Watch:
*Nothing here is financial advice.* Do your own research and consult your CPA or Financial Advisor first, as always*
BONUS (pearls of wisdom) for “cryptocurious”:
Here's the BITW discount to NAV info.
It's the only ticker moving up in the overnight which indicates traders are wise to the opportunity. (ergo, ze Sale won’t last.. Get on it!)
Current snapshot (36% discount... wont last as I confirmed they HAVE filed to convert to ETF soon which will make discount evaporate in your favor for an extra 36% return on top of whatever underlying assets do.
Here's the live link you can calculate discount any time https://bitwiseinvestments.com/crypto-funds/bitw
Here are current "physical" holdings of each share (I like it) with the WHOLE basket at a 36% discount to current market prices.... NUTS.
Capiche?
Now, to quote Dr. Laura Schlessinger “go take on the day” :)
If you're bailing on bitcoin, you should really watch this.
The job of every market is to shake out weak hands every so often.
https://youtu.be/Sldebcm-Hb8?si=PAXKPicGtW7Qwoxc
OK, let me make it simple. I bought more of stock ticker "BITW" today on the dip in a brokerage IRA.
I will be holding it into Summer, and perhaps into 2025.
I do more, but's thats the jist of what you need to know.
I cannot tell you to go do likewise tomorrow, as that might be construed as advice.
Read between the lines. I wish you an embarrassment of riches, and that you remember Changa and become a paid sub when you become an OG :)
more: https://seekingalpha.com/article/4657259-bitwise-10-crypto-index-fund-another-us-listed-crypto-arbitrage-building-block