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- January 2024 - On the Edge of a historic ETF, is it time for an ETH killer to emerge? (Paid Edition)
January 2024 - On the Edge of a historic ETF, is it time for an ETH killer to emerge? (Paid Edition)
Edition 65 - The Elite Cryptocurrency Investment Strategy Newsletter
PREMIUM NEWSLETTER FOR PAYING SUBSCRIBERS (Released every Thursday).
Fast brief (TLDR) -
1. 2024. The year of Bitcoin
2. Is the ETF a sell the news event?
3. How to use the charts to buy Cryptos next major narrative
4. Our frontrunner 6-10x “Ethereum of this cycle”
Happy hunting!
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Happy Year of Bitcoin!
Picture Credit: Michael Saylor
2024 is going to be one to remember the rest of your lives on so many fronts!
- Bitcoin ETFs
- ETH ETFs
- Recessionary impulse & Rate Cuts
- US Federal Election
- Bitcoin halving
Reportedly, we are only days away from an ETF approval and then the Bitcoin halving in April.
A sell the news event?
In our view the 11 ETFs likely launching this month by powerhouse asset managers is the single greatest demand side analyst in Bitcoin’s history.
Don’t over complicate it. Sometimes it is exactly as it seems. A non-trivial event, even if we see slow early uptake.
*Updated tracking sheet below courtesy of James Seyffart of Bloomberg
Co-founder of the ETF institute, Nate Geraci, believes there’s a chance week 1 inflows break all known records …
It will be fascinating to watch in the short term, and traders will be salivating - but the long term impact is what most investors should be focussed on.
Now, there obviously is a LOT of excitement out there…but this doesn’t mean investors should take this as a done-deal.
Nothing is certain
There is always wiggle room for the SEC to reject the applications at the last minute, so be prepared for a 10-30% drawdown and volatility in general for 2024.
Right…
A massive congratulations to all those that cut their teeth in a dark bear market, survived, thrived, and are now ready to reap the rewards of the biggest bull market in history.
For anyone new, excited, overwhelmed, who has never seen a truly bullish market - let’s make 2024 one that changes your life!
I couldn’t be more excited for today and this year
Let’s get into it!
On the edge of the anticipated Bitcoin ETF, is it time to zero-in on the next ETH killer?
Without a doubt, Bitcoin is the core trade right now leading into January. Bitcoin dominance highlights this by showing where the majority of Crypto capital is flowing
Below, the red box on our chart is where we logically will see a huge upthrust in Ethereum and Altcoin prices
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