Print the page
Increase font size

Posted January 12, 2022

By Guest Contributor

Bitcoin to $30,000? Or Lower!?

“Could bitcoin go to $30,000?”

That’s a question James and I got last Monday.

It was during our live weekly call for Early Stage Crypto Investor subscribers.

After the call, the question kept popping up….

“How low could it go?” someone else asked. “$30,000? Lower?!”

People are worried.

I get it.

It’s been a big week of bad news.

The Fed signaled it would begin tightening monetary policy. This is usually bad news for riskier assets like crypto.

Kazakhstan abruptly forced an Internet blackout.

Most people don’t know this, but Kazakhstan is a leading bitcoin miner, second only to the United States.

Bitcoin mining dropped 14%.

Could the bitcoin price follow and drop more? Could it go all the way down to $30,000?

Lower?!

I hope so.

Step Back. Get Some Perspective.

Here’s one way to look at it…

There are 56 million millionaires on Earth. If every millionaire wanted to own an entire bitcoin, they can’t.

There’s not enough.

If you, like me, believe demand for BTC will grow in the coming years… a lower bitcoin price in the short term is a good thing.

By the way…

We said the same thing after Bitcoin and Ethereum crashed from their all-time highs in 2018.

James repeatedly recommended his crypto subscribers buy the Ethereum and Bitcoin dips. While everyone else said crypto was dead, he predicted demand would continue to grow.

(He was right.)

In fact, around that time James also publicly predicted a country — probably in South America — would adopt Bitcoin in the coming years.

(People laughed.)

When El Salvador did exactly that last year, James said there would be more countries to follow…

El Salvador’s president Nayib Bukele agrees. He just predicted two more countries will adopt bitcoin as legal tender in 2022.

tweet

Sure, Bukele is biased. And maybe James and I are biased, too.

But we have our reasons to believe crypto is here to stay. (We’ve laid out our full bull case in The Big Book of Crypto.)

Though we’re still bulls on Bitcoin…

We also believe that a few early-stage cryptos could grow by thousands of percent.

That’s why we started Early Stage Crypto Investor (ESC) — our flagship crypto research service.

Ultimately, those with knowledge, patience and conviction will reap the biggest rewards. In ESC, we do our best to arm everyone with all three.

(In fact, we just wrapped up today’s weekly update: a simple guide on everything you need to know about gaining exposure to cryptos in your IRA and cutting out capital gains taxes.)

With crypto tumbling right now…

Some see it as proof this new asset class isn’t ready…

Others see it as a “temporary hurdle.”

It’s neither of those things.

We see it as an opportunity.

If you want to see why…

And figure out whether or not our ESC community is right for you…

You can get the full details right here.

Until next time, 

Chris Campbell

Chris Campbell
For Altucher Confidential

Stop Investing in the Market! (Do This Instead)

Stop Investing in the Market! (Do This Instead)

Posted May 24, 2022

By Zach Scheidt

In today's world, “the market” as measured by the S&P 500 index is quite flawed. Instead, successful investors spread their wealth into many stocks tied to an assortment of different economic areas.
If the Market Rebounds, These Stocks Will Rise

If the Market Rebounds, These Stocks Will Rise

Posted May 23, 2022

By Zach Scheidt

Here are some of the best opportunities for when the market rebounds.
Let's Settle This Debate Before the Bear Market Kills Your Retirement

Let's Settle This Debate Before the Bear Market Kills Your Retirement

Posted May 20, 2022

By Zach Scheidt

There's a major debate over ETFs that's divided investors for decades. And today, we’re looking at the facts to settle the debate for good.
"I Took My Medicine... Now What?"

"I Took My Medicine... Now What?"

Posted May 19, 2022

By Zach Scheidt

Here are a few of the best investments you can make that will set you up to profit from this bear market environment.
This Type of Fund Works Great in a Bear Market

This Type of Fund Works Great in a Bear Market

Posted May 17, 2022

By Zach Scheidt

Closed-end funds (or CEFs) are investment funds that can create some unique investment opportunities!
Bear Markets and Margin Calls — What to Do?!

Bear Markets and Margin Calls — What to Do?!

Posted May 16, 2022

By Zach Scheidt

A margin loan can be a helpful tool under the right circumstances. Like any powerful tool, it's important to know how to use it appropriately.